FOREX - U.S. Dollar Slides as Investors Continue Their Search for A Safe Haven - Investing.com

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FOREX - U.S. Dollar Slides as Investors Continue Their Search for A Safe Haven - Investing.com Posted: 26 Mar 2020 09:13 PM PDT © Reuters. By Gina Lee Investing.com - The U.S. dollar slid below the $100 mark on Friday morning in Asia after the United States was set to move forward on a $2.2 trillion relief package to deal with the fallout of the COVID-19 pandemic. The , which tracks the greenback against a basket of other currencies, slid 0.11% to 99.435 by 09:46 PM ET (01:46 AM GMT). Overnight, the U.S. recorded an unprecedented 3.28 million jobless claims for the past week, the highest increase ever. But hopes that the U.S. House of Representatives will also pass a $2.2 trillion stimulus package buoyed investor hopes and stock markets. The pair gave up an earlier 2.8% gain as Asian markets opened, and was down 0.11% to 1.2188. The pair gained 0.02% to 0.6065 and the pair gained 0.25% to 0.5974. After driving the dollar up last week by hedging against the two currencies, investors are slowly regaining their risk appetites. The pair was down 0.86% to 108.64 and the pair lost 0.04% to 7.0735. Analysts at National Bank of Australia warned in a report that asset managers may need to adjust their currency hedge positions after wild swings in global share prices. "We can well believe that we are for an extremely rocky ride in the currency markets between now and month end," they added. "Some will not yet have adjusted, and some will now find themselves under-hedged given the big equity reversal so far this week. And, some may be looking to implement changes to strategic hedge ratios at the same time. Buckle up." Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Forex - U.S. Dollar Falls; Yen Gains Despite Rising Stock Markets - Investing.com Posted: 20 Mar 2020 12:00 AM PDT © Reuters. By Alex Ho Investing.com - The U.S. dollar was down on Friday in Asia, while the yen gained but liquidity was reduced amid a Japanese public holiday. The that tracks the greenback against a basket of other currencies dropped 0.7% to 102.865 by 1:47 AM ET (05:47 GMT).  Overnight, the Federal Reserve said it would expand the currency swap lines  to nine more countries, including central banks in Singapore, South Korea, Brazil, Sweden, Australia, New Zealand, Mexico, Norway and Denmark. The pair gained 0.5% to 1.0744. The Bank of England (BOE) on Thursday slashed rates and expanded its bond-buying program. The BOE said it would increase its purchases of government and investment grade corporate bonds by 200 billion pounds ($230 billion) to 645 billion pounds. "The majority of additional asset purchases will comprise UK government bonds," the bank said in a statement. "The purchases announced today will be completed as soon as is operationally possible, consistent with improved market functioning." The central bank's move would "create the space for the chancellor to announce further measures to help cushion the blow," ING said. While the central bank's action is unlikely to stop a recession, the "hope is that many of these measures can help limit the increase in unemployment, and foster a swifter and smoother recovery when the virus shutdowns have passed," ING added. The pair lost 0.3% to 7.0805. China fixed its 1-year Loan Prime Rate (LPR) on Friday morning at 4.05%, the same as a month earlier. China also set the 5-year LPR at 4.75%, also unchanged from a month earlier.   The pair jumped 1.9% to 0.5850. The Federal Reserve Bank of Australia cut interest rates to 0.25% on Thursday.  Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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