The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trade talks.
Sterling hit a two-month high of $1.2566 against the greenback, after European Commission President Jean-Claude Juncker said he thought Brussels could reach a deal with Britain to leave the European Union.
The Swiss National Bank, the Bank of England and the Bank of Japan all left their policies unchanged on Thursday. Their currencies rose, with the Japanese yen and Swiss franc both adding almost 0.2%, supported by safe-haven buying.
On Friday, the Aussie edged higher to around $0.6799, which is close to its lowest since Sept. 4, while the New Zealand dollar hit $0.6285, its weakest since Sept. 3.
The Australian and New Zealand dollars were on track for their steepest weekly slides in close to a month, as each has given up more than 1%.
The dollar gave ground to the yen, buying 107.85, and to the Swiss franc at 0.9910 per dollar. Against a basket of currencies, the dollar edged lower to 92.223.
Source: CNBC
RELATED NEWS
Dollar Dips As Virus Recovery Optimism Holds
Tuesday, 26 May 2020 09:18 WIBThe dollar inched lower on Tuesday as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies, though concerns about Sino-U.S. tensions held further moves in check. After a quiet start to the week due to holidays in Britain and the United States, the greenba...
Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Monday, 25 May 2020 15:10 WIBThe dollar started the week slightly higher in Europe, albeit in modest volumes depressed by public holidays in the U.K. and U.S., against a backdrop of simmering tension between the U.S. and China. 5 AM ET (0745 GMT), the dollar index, which tracks the greenback against a basket of developed marke...
USD/JPY: Off intraday top, still above 107.00, as trade sentiment dwindles
Monday, 25 May 2020 11:17 WIBUSD/JPY retreats from the intraday high near 107.80 to 107.65 amid the early trading session on Monday. Although news of Japan™s likely removes of state of emergency from Tokyo and nearness to another aid package seems to probe the risk-off sentiment, the US-China row over Hong Kong issue keeps th...
Dollar edges up on rising US-China tension; yuan, other Asian FX fall
Friday, 22 May 2020 19:56 WIBThe dollar gained against major peers on Friday as worries about rising diplomatic tensions between the United States and China supported safe-haven demand for the greenback. Sino-U.S. relations have soured over a broad range of issues, including China™s treatment of the former British colony of ...
U.S.-China tensions lift dollar 0.3%
Friday, 22 May 2020 15:20 WIBThe dollar rose on Friday in overnight trading and extended its gains in early London trading, after U.S.-China tensions boosted demand for safe-haven currencies. U.S. President Donald Trump said that Washington would react œvery strongly to new Chinese legislation on Hong Kong, which could le...
Gold Falls as Potential Japan Stimulus Boosts Risk Appetite
Gold Down Over Escalating U.S.-China Tensions
Gold down as potential Japanese stimulus boosts risk appetite
Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Hong Kong Stocks Close Slightly Higher
European Markets Bounce On Global Vaccine Hopes
Tuesday, 26 May 2020 14:24 WIB
European stocks opened higher on Tuesday, tracking positive global market sentiment as optimism grows that a coronavirus vaccine can be found.
The pan-European Stoxx 600 jumped 1.1% at the start of trading, travel and leisure stocks adding 2.5% to...