Yen Surges, Offshore Yuan Tumbles as Trade War Intensifies
Monday, 26 August 2019 07:57 WIB | CURRENCIES |Dolar YenDolar AS YuanSwissFranc

The yen surged on Monday as investors flocked to safe-haven assets after a sharp re-escalation in the U.S.-China trade war, which whacked investor confidence and darkened the global economic outlook.

The yuan also tumbled in offshore trade, weighed by expectations of a deeper slowdown in China as the world™s two-largest economies exchanged barbs over trade.

The Swiss franc and gold, two assets sought during times of heightened risk aversion, shot up in early Asian trade.

The yen surged to 104.46 per dollar, the highest since a flash crash this January, before paring gains to 104.70, up more than 0.5%.

The yen will next target 104.10 per dollar, which is the high it reached during a flash crash on Jan. 3 that roiled financial markets, Daiwa Securities™ Ishizuki said.

In the offshore market, the dollar rose 0.6% to 7.1850 yuan, the highest on record.

The dollar fell 0.2% to 0.9729 Swiss franc.

Source : Reuters

RELATED NEWS

Dollar in Demand Ahead of Federal Reserve Pronouncement
Wednesday, 29 January 2020 15:52 WIB

The U.S. dollar remained largely the currency of choice in early trading in Europe Wednesday, boosted by signs of a strengthening economy ahead of the latest meeting of the Federal Reserve. At 03:15 ET (0815 GMT), the US Dollar Index Futures, which tracks the greenback against a basket of other cur...

Risk currencies steady as investors assess virus fallouts
Wednesday, 29 January 2020 07:59 WIB

Risk currencies steadied on Wednesday as investors took stock of the economic damage from the outbreak of the coronavirus originating in China, with focus on Hong Kong shares that will resume trading later in the day after the Lunar New Year break. As countries step up efforts to contain the spread...

Safe-Haven Demand Cools as Virus Fears Wane; Dollar Still Bid
Wednesday, 29 January 2020 04:44 WIB

The Japanese yen and Swiss franc eased off earlier highs as fears about the economic fallout from the coronavirus outbreak in China waned, though the dollar index held near two-month highs. Global markets had stabilized somewhat after a risk sell-off which ran from Monday through Tuesday morning. T...

Dollar in Demand, Euro, Pound Under Pressure
Tuesday, 28 January 2020 15:34 WIB

The U.S. dollar remains strong Tuesday, as heightened concerns about the spread of the deadly coronavirus in China prompt demand for currencies as safer. At 08:00 ET (0800 GMT), the USD/JPY traded 0.2% higher at 109.08, having fallen as low at 108.83 overnight. The US Dollar Index Futures, which tr...

AUD/USD: Eyes 3-month lows as Australia's Business Confidence drops to lowest since mid-2013
Tuesday, 28 January 2020 08:19 WIB

AUD/USD looks set to print a 3.5-month low below 0.6750 with Australia's business confidence gauge hitting multi-year lows. The currency pair is currently trading at 0.6753, representing marginal losses on the day, having hit a high of 0.6762 a few minutes before press time. National Australia Ban...

ANOTHER NEWS
Dow jumps for a second day as Apple leads parade of companies reporting strong earnings
Wednesday, 29 January 2020 21:38 WIB Stocks rose on Wednesday as the market continued to rebound from a heavy sell-off earlier this week while Apple led a slew of companies that reported better-than-expected earnings. The Dow Jones Industrial Average gained 187 points, or 0.7%. The...

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.