U.S. Dollar Treads Water in Holiday-Thin Trade
Friday, 29 November 2019 23:28 WIB | CURRENCIES |DOLLAR

The U.S. dollar was flat on Friday in holiday-thinned trade as U.S-China trade progress remained in focus. But Latin American currencies rermained active, with Brazil's real seeing more sharp moves.

U.S. President Donald Trump signed a law backing Hong Kong protests on Wednesday despite potential backlash from Beijing as the two superpowers try to resolve their trade differences. Chinese officials have threatened to take œfirm countermeasures and Chinese Vice Foreign Minister Le Yucheng demanded that Washington immediately stop interfering in China™s domestic affairs.

The law threatens to derail progress on trade talks, with the next batch of American tariffs on Chinese goods due to begin on Dec. 15.

The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, was steady at 98.36 as of 10:32 AM ET (15:32 GMT). The dollar was flat against the safe-haven Japanese yen, with USD/JPY at 109.50.

Trading was thin due to the U.S. Thanksgiving holiday on Thursday, with most investors off until Monday.

But in Brazil the real saw another slump, with USD/BRL up 1.01% to 4.2324, despite intervention by the country's central bank. The currency hit an all-time low of 4.277 this week following an essentially failed "mega" oil auction accelerated the real's decline.

Meanwhile the pound inched up, with GBP/USD rising 0.1% to 1.2917 and EUR/USD unmoved at 1.1010.

Source : Investing.com

RELATED NEWS

U.S. Dollar, Yuan Near Flat Despite Coronavirus Worries
Wednesday, 22 January 2020 13:29 WIB

The U.S. dollar and the Chinese yuan were little changed on Wednesday in Asia despite concerns surrounding the coronavirus outbreak in Wuhan. The U.S. dollar index inched up 0.08% to 97.390 by 1:15 AM ET (05:15 GMT). As of Wednesday morning, Chinese authorities confirmed that at least nine people,...

Yen supported, yuan frail on coronavirus concerns
Wednesday, 22 January 2020 08:32 WIB

The yen was supported while the yuan was on the back foot on Wednesday as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting the country™s economy and trade partners. The virus, which causes a type of pneumonia, has spread to cities including Beijing and S...

Pound Near Day's Highs as Strong UK Jobs Data Trims Rate Cut Bets
Tuesday, 21 January 2020 23:21 WIB

The pound held near the day's highs on Tuesday after the British economy created jobs at its strongest rate in nearly a year in the three months to November, potentially undermining the case for a Bank of England interest rate cut next week. Expectations of a rate cut have been steadily building in...

Yen in Demand; Virus Sparks Risk Aversion
Tuesday, 21 January 2020 16:09 WIB

The Japanese yen is in demand Tuesday as a safe haven currency with the outbreak of the pneumonia-like virus in China sparking a bout of risk aversion. At 03:30 ET (08:30 GMT), the yen climbed 0.2% against the dollar, with USD/JPY trading at 109.97. The Chinese yuan was hit, dropping 0.6% against t...

Yen rises, yuan slumps as stocks fall on China virus
Tuesday, 21 January 2020 13:16 WIB

The yen pulled ahead and the yuan fell against the dollar on Tuesday as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and sent Asian stocks skidding. The yuan slipped against the U.S. currency in onshore and offshore trade after a Chinese health expert said th...

ANOTHER NEWS
Hong Kong Stocks Bounce After Sell-Off
Wednesday, 22 January 2020 15:38 WIB Hong Kong shares recovered some of the previous day's sharp losses on bargain-buying Wednesday but traders remain on edge as they await developments linked to the deadly SARS -like virus that has spread from China. The Hang Seng index climbed 1.27...

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.