Trade deal hopes spur Aussie gains vs. Swiss franc for a third day
Tuesday, 29 October 2019 15:50 WIB | CURRENCIES |AussieDolarSwissFrancCurrency

Risk-oriented currencies strengthened on Tuesday with the Australian dollar climbing for a third consecutive session against the Swiss franc as hopes for an easing in Sino-U.S. trade tensions buoyed sentiment.

Underpinning risk appetite in markets, there is also heightened general optimism that Britain won't crash out of the European Union without a deal and the U.S. Federal Reserve will likely cut interest rates this week for a third time this year.

The Australian dollar gained a third of a percentage point against the relatively low-yielding Swiss franc and held just below a four-month high hit in mid-September at 0.6819 francs.

The currency pair is widely considered to be a barometer of risk sentiment in the currency markets and is up 1.3% in October, its biggest monthly rise since April 2019.

The British pound, meanwhile, was broadly steady around $1.285 after British Prime Minister Boris Johnson failed to gain the majority backing in parliament he required for an election, the third time he has failed to do so.

Source : Reuters

RELATED NEWS

Sterling Falls Below $1.225, Held Down by Brexit, Negative Rates Risk
Thursday, 28 May 2020 18:25 WIB

The pound fell against the dollar and euro on Thursday, little changed after Wednesday's reports that Brexit talks are at an impasse, and still held down by speculation about negative interest rates. Sterling fell 1% on Wednesday after Britain told the European Union on Wednesday it needed to break...

Euro creeps higher on EU recovery fund optimism
Thursday, 28 May 2020 15:23 WIB

The euro continued to rise on Thursday, boosted by a 750 billion euro (673.70 billion pounds) EU plan to prop up the bloc™s coronavirus-hit economies, though gains were limited as doubts about delivering the scheme crept in. The EU executive unveiled a plan on Wednesday to support economies hamme...

Dollar Stands Its Ground As U.S.-China Tensions Grow
Thursday, 28 May 2020 09:09 WIB

The dollar held its own on Thursday as rising Sino-U.S. tension put crushing pressure on the Chinese yuan and proved a counterweight to optimism about the coronavirus recovery. The escalating war of words between the world™s two biggest economies also spilled over to the Australian and New Zealan...

Euro Rallies on EU Recovery Fund Proposals, Yuan Falls
Wednesday, 27 May 2020 18:55 WIB

The euro headed towards a two-month high on Wednesday after the European Commission proposed a coronavirus economic recovery package worth in total 1.85 trillion euros ($2.04 trillion). The euro has struggled since falling in March, when investors rushed for the safety of dollars. But analysts say ...

Dollar gains and yuan hits nine-month low as U.S.-China tensions return
Wednesday, 27 May 2020 15:17 WIB

The U.S. dollar edged higher on Wednesday and China's yuan hit a near nine-month low as worries about the U.S. response to China™s proposed security law for Hong Kong injected a more cautious tone into foreign exchange markets. The U.S. currency had fallen sharply on Tuesday as strong risk appeti...

ANOTHER NEWS
Bursa Tokyo Dibuka Lebih Rendah Ditengah Ketegangan AS-China
Friday, 29 May 2020 07:31 WIB Bursa Tokyo dibuka lebih rendah pada hari Jumat, mengikuti penurunan di Wall Street di tengah meningkatnya ketegangan antara AS dan China. Indeks acuan Nikkei 225 turun 0,56 persen atau 123,03 poin ke level 21.793,28 pada awal perdagangan,...

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.