Dollar Steady, Global Growth Concerns Support Safe-Havens
Tuesday, 22 January 2019 08:30 WIB | CURRENCIES |DOLLAR

The dollar hovered near 2-week highs against its peers on Tuesday as a slowdown in China's economy to 28-year lows revived investor concerns over global growth and supported safe-haven currencies.

Overnight, the International Monetary Fund (IMF) cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the Eurozone, and said failure to resolve trade tensions could further destabilize a slowing global economy.

Those fears were brought to the fore on Monday when data showed the Chinese economy grew at its slowest pace since 1990 last year in an ominous sign for 2019. Cooling growth in the world's second largest economy has already put a dent on profits for firms ranging from Apple to big carmakers.

The dollar index (DXY), which measures its strength against a group of six major currencies, was steady at 96.33, holding near a 2-week high of 96.43 hit on Monday.

The yen , another safe-haven currency, was steady against the dollar, fetching 109.64 in early trade.

Source : Reuters

RELATED NEWS

Pound down after coronavirus-stricken Johnson taken to hospital for tests
Monday, 6 April 2020 08:29 WIB

The pound fell against the dollar and euro on Monday after British Prime Minister Boris Johnson was admitted to hospital for tests after showing persistent symptoms of the coronavirus. The yen eased against the dollar after Japanese domestic media reported Prime Minister Shinzo Abe may declare a st...

Sterling Drops as British Firms Suffer Record Slump
Friday, 3 April 2020 23:26 WIB

Sterling sank on Friday after data showed a record slump among Britain's services and manufacturing firms in late March as businesses and households paused activity to try to prevent the spread of the coronavirus. Sterling was last down 1.5% at $1.2205, having fallen earlier to its weakest level si...

Dollar Still in Demand, For Now
Friday, 3 April 2020 15:17 WIB

The dollar was in demand in early trading in Europe on Friday, as investors sought safety following the dire U.S. unemployment figures which illustrated the extent of the economic fallout from the coronavirus pandemic. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback agai...

Dollar strength consolidates as global recession looms
Friday, 3 April 2020 08:50 WIB

The dollar edged toward an almost 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic. The gains consolidate the dollar™s strength after a topsy-turvy end to last month, which had the dollar...

Sterling Hits 3-Week High against Euro, Flat vs Dollar
Thursday, 2 April 2020 23:39 WIB

Sterling hit a three-week high versus the euro on Thursday and held recent gains versus the dollar, as the British currency was swept up in global market swings that weakened the euro broadly. The pound has rebounded in recently after crashing amid coronavirus-driven panic in global markets last mo...

ANOTHER NEWS
Hong Kong stocks enjoy morning gains
Monday, 6 April 2020 11:26 WIB Hong Kong shares ended Monday morning more than one percent higher, with traders cheered by news that fresh coronavirus infection numbers were slipping in some of the world's worst hit countries. The Hang Seng Index added 1.11 percent, or 257.10...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.