Dollar Holds Gains Versus Yen Before Major Economic Data
Wednesday, 1 July 2020 08:15 WIB | CURRENCIES |DOLLAR Yen

The dollar held onto gains against the yen on Wednesday ahead of data expected to show U.S. manufacturing activity and hiring continued to recover from the economic shock caused by the coronavirus pandemic.

The euro was hemmed into a narrow range as traders awaited data on Germany™s manufacturing sector, retail sales, and the jobless rate to gauge the health of the eurozone economy.

A surge in coronavirus infections in the U.S. south and southwest has worried some market participants, but most investors are betting this will not be enough to derail a broader rebound in the global economy.

The dollar traded at 107.99 yen in Asia on Wednesday, close to the highest in three weeks.

The mood for the yen soured after Bank of Japan data showed business sentiment fell to an 11-year year low.

The euro held steady at $1.1234. Against the British pound, the common currency traded at 90.65 pence following a 0.9% decline on Tuesday.

Sterling bought $1.2394 as it held on firmly to the previous session's gains, but traders may be reluctant to buy the pound further due to worries about Britain's trade negotiations with the European Union.

Source : Reuters

RELATED NEWS

Japanese Yen Gains as Virus Caution Weighs
Friday, 10 July 2020 15:52 WIB

The dollar paused on Friday as concerns about a surge in coronavirus infections in the United States and elsewhere supported the safe haven Japanese yen, while risk-sensitive currencies lost ground. More than 60,000 new COVID-19 cases were reported across the United States on Thursday, the largest ...

Dollar rises from four-week low as US stocks retreat
Thursday, 9 July 2020 23:28 WIB

The dollar rallied from a four-week low in choppy trading on Thursday, enhancing the greenback's safe-haven appeal, as U.S. stocks fell with market sentiment turning cautious as the United States hit another record high on new coronavirus cases. The euro, meanwhile, fell from a one-month high versu...

Dollar Gives Ground to Higher-Risk Currencies as Chinese Shares Soar
Thursday, 9 July 2020 15:12 WIB

The U.S. dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. China's yuan rose to a four-month high against the dollar, extending recent gains as investors of all stripes increase...

Dollar Retreats Over Increased Hopes of Economic Recovery
Thursday, 9 July 2020 13:16 WIB

The dollar was down on Thursday morning in Asia, with investors retreating from the safe-haven asset over increased hopes of an economic recovery. Corporate earnings from U.S. companies such as Apple and Amazon are due next week, increasing investor risk appetite. But the increase was capped by ev...

Dollar slides as US stocks rally, but sentiment cautious
Wednesday, 8 July 2020 23:18 WIB

The dollar fell on Wednesday, tempering its safe-haven appeal for now, as U.S. stocks rallied, although sentiment remained cautious amid a resurgence of new coronavirus cases globally, particularly in the United States. Demand for the U.S. currency proved remarkably stable as oil prices steadied wh...

ANOTHER NEWS
Gold Heads for Fifth Weekly Advance Amid Virus Sparks
Friday, 10 July 2020 16:48 WIB Gold hovered above its key $1,800-an-ounce mark, on course for a fifth weekly advance, as investors weighed concern over a resurgence in coronavirus cases hurting the global economy. Rising infections in the U.S. and Asia have...

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.