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TOKYO-The Japanese yen rose against the dollar on Friday as resurfacing concerns about the impact of the novel coronavirus aided safe-haven currencies’ performance.
The yen held tight at 109.81 per dollar in Asian trading board on Friday, continuing its 0.25% gain from previous session.
The euro continued to trade negatively hitting its multi-year of low against greenback and Swiss franc. Euro weakened as investor sentiment in the European zone fell prior to the disclosure of gross domestic product data on Friday.
The Chinese yuan shed gains from its previous trading session as the new strain of coronavirus which originated from Hubei province slowed consumer spending and manufacturing sector.
The British pound clocked in earnings on Asian board on Friday mainly from optimism that British cabinet reorganization will bring a more intensive and encompassing fiscal policy to support growth.
Financial markets temporarily underperformed on Thursday as Hubei officials disclosed a sharp jump in new virus diagnosis and death tolls. Such magnified the implementation of newly discovered method to detect the disease.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
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