Dollar dives to four-week lows as trade tensions dominate; yen gains
Wednesday, 16 October 2019 15:24 WIB | CURRENCIES |Dolar AS Yen

The dollar headed toward a four-week low against its rivals on Wednesday on concerns that elevated trade tensions between Washington and Beijing will continue to weigh on the global growth outlook.

Risk appetite was on the back foot with the Japanese currency firming against the greenback while trade-oriented currencies such as the Australian dollar and the Kiwi dollar led losers.

Wednesday, those tensions showed no signs of ebbing with the greenback fragile at 98.16, its lowest level since Sept. 20.

The Chinese currency also weakened.

In the onshore market, the yuan fell around 0.22% to 7.0973 per dollar. In the offshore market, the yuan was off more than 0.2% to 7.1028 versus the dollar.

The yen rose slightly to 108.66 per dollar, pulling away from a two-month low.

Source: Reuters

RELATED NEWS

GBP/USD Breaks Above 1.30 as Coronavirus Fears Send USD Down
Tuesday, 25 February 2020 23:35 WIB

The US dollar is falling alongside ten-year treasuries. Coronavirus fears have risen as three more European countries have confirmed cases of the respiratory disease. American markets initially opened higher before turning down. Investors are flocking into the safety of bonds, pushing returns on tre...

USD/JPY Surrenders Modest Recovery Gains, Fails To Find Acceptance Above 111.00 Mark
Tuesday, 25 February 2020 16:15 WIB

The USD/JPY pair failed to preserve its early modest recovery gains and has now dropped back to the lower end of its daily trading range, around the 110.65-60 region. The pair gained some initial traction during the Asian session on Tuesday and build on the previous session's late rebound from a mu...

EUR/USD: Corrective advances to gather pace above 1.0870
Tuesday, 25 February 2020 12:56 WIB

EUR/USD clings to the recent recovery gains above 1.0850, as we progress towards the European opening bells, with the dollar bulls on the back seat after a wild ride seen on Monday. Coronavirus grips Italy, could likely keep EUR undermined Despite the upside attempts seen in the shared currency, E...

USD/JPY snaps two-day losing streak as Tokyo open questions risk-off
Tuesday, 25 February 2020 09:19 WIB

USD/JPY recovers 0.23% to 111.00 amid the initial trading hours of Tokyo open on Tuesday. The yen pair benefited from the upbeat Japan data as well as welcome coronavirus updates. Magnifying the market reaction to the risk reset could be the return of Japanese traders from Monday™s holiday due to ...

Yen Jumps Against Dollar in Virus-Driven Risk-Off Move
Tuesday, 25 February 2020 00:02 WIB

The Japanese yen jumped versus the U.S. dollar on Monday in a risk-off move spurred by the rise in coronavirus cases. The safe-haven yen was last up 0.93% at 110.52 per dollar. The dollar index, which weighs the greenback against a basket of six peers can also function as a safe-haven trade, but wa...

ANOTHER NEWS
Hong Kong Stocks Finish With Gains (Review)
Wednesday, 26 February 2020 04:23 WIB Hong Kong stocks snapped a three-day losing streak Tuesday to end with a small gain on bargain buying, but investors remain on edge over fears of a coronavirus pandemic. The Hang Seng Index rose 0.3 percent, or 72.35 points, to close at...

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.