FOREX - Dollar Retreats as Risk Sentiment Rises Among Investors - Investing.com
FOREX - Dollar Retreats as Risk Sentiment Rises Among Investors - Investing.com |
- FOREX - Dollar Retreats as Risk Sentiment Rises Among Investors - Investing.com
- Forex - Dollar Edges Lower; Lira Under Pressure By - Investing.com
- Forex - Dollar Climbs Amid Grim Economic Outlook By - Investing.com
| FOREX - Dollar Retreats as Risk Sentiment Rises Among Investors - Investing.com Posted: 16 Apr 2020 08:43 PM PDT  © Reuters.By Gina Lee Investing.com – The U.S. dollar was down on Friday from its week-long high in the previous session as investors' risk appetite got a boost. The that tracks the greenback against a basket of other currencies slipped 0.25% to 99.862 by 11:34 PM ET (4:34 AM GMT), slipping below the 100 mark. Investors retreated from the dollar, traditionally viewed as a safe haven, as U.S. President Donald Trump hinted at the reopening of the U.S. economy overnight as he briefed U.S. governors on guidelines. Risk sentiment also received a boost from Gilead Sciences Inc (NASDAQ:) announcing overnight that clinical trials of its antiviral drug remdesivir showed promising results in treating the COVID-19 virus. The pair was down 0.22% to 107.71. The pair gained 0.05% to 7.0816, gaining back its earlier losses as China reported a 6.8% contraction year-on-year in its in the first quarter. Analyst forecasts prepared by Investing.com predicted a 6.5% contraction. in March also fell 1.1% year-on-year, less than the predicted 7.3%. The pair gained 0.48% to 0.6359 and the pair gained 0.69% to 0.6010 with the improved risk sentiment. The Antipodean currencies are closely linked to commodities, and therefore sensitive to risk sentiment. The pair gained 0.38% to 1.2502. 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 - Dollar Edges Lower; Lira Under Pressure By - Investing.com Posted: 17 Apr 2020 12:45 AM PDT  © Reuters.By Peter Nurse Investing.com - The U.S. dollar drifted sideways in early trading in Europe on Friday, amid signs of increasing risk appetite in Europe as investors looked for the end of the coronavirus outbreak. At 3:35 AM ET (0735 GMT), the , which tracks the greenback against a basket of six other currencies, stood at 100.17, up 0.1%, while rose 0.1% to 1.0840 and fell 0.1% to 1.2445. fell 0.2% to 107.72. Overnight U.S. President Donald Trump laid out new guidelines for the reopening of the U.S. economy, backing down markedly from claims earlier in the week that he could dictate terms to state governors. The guidelines contained no hard dates for any reopening measures. Risk sentiment also received a boost from Gilead Sciences (NASDAQ:) announcing overnight that clinical trials of its antiviral drug remdesivir showed promising results in treating the COVID-19 virus. That said, the dollar remains in elevated territory: after all, a safe haven must remain in demand after Thursday's latest jobless claims figures showed that over 22 million Americans had applied for unemployment benefits over the last month. It's against the emerging markets' currencies that the U.S. dollar is really showing its strength, with the IMF's prediction that the world economy would contract the most since the Great Depression pressurizing those countries which rely on external financing. At 3:35 AM ET, traded at 6.9467, up 0.1%. The lira us now approaching the all time lows hit in 2018. The lira has long suffered from a hefty current account deficit and large amounts of private foreign-currency denominated debt. Now throw in an economy that faces being shut to stop the spread of Covid-19, and it's easy to see further losses. The Turkish banking watchdog announced on Sunday it was capping local banks' ability to conduct foreign exchange transactions with foreign entities, to try and curb the supply and the potential downside of the lira. But these capital curbs could ultimately damage lenders' willingness to meet the country's massive financing needs, hurting the lira in the long run. All this said, the lira isn't even close to being the worst performing emerging market currency this year - with the South African rand and the Brazilian real taking those 'plaudits'. The dollar has risen 34% against the rand and 30% against the real since Jan. 1. 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 - Dollar Climbs Amid Grim Economic Outlook By - Investing.com Posted: 16 Apr 2020 12:06 AM PDT  © Reuters.By Peter Nurse Investing.com - The U.S. dollar has been in demand in European trade Thursday, as illustrations of the severity of the collapse in global economic activity prompted a flight to safety bid. At 3:05 AM ET (0705 GMT), the , which tracks the greenback against a basket of six other currencies, stood at 99.820, up 0.3%, while fell 0.2% to 1.0888 and fell 0.1% to 1.2501. climbed 0.3% to 107.75. Overnight the International Monetary Fund forecast that growth in Asia will stall at zero percent in 2020. "This is the worst growth performance in almost 60 years, including during the Global Financial Crisis (4.7 percent) and the Asian Financial Crisis (1.3 percent)," Chang Yong Rhee, director of the IMF's Asia and Pacific department, said in a blog post. Yet Asia is still expected to do better than other regions in terms of economic activity, he added. This follows on from very weak figures in the U.S. as the March numbers dropped a record 8.7%, and ahead of the weekly release with another 5.1 million Americans expected to file for unemployment. "The dollar is maintaining its momentum following U.S. data yesterday," said Kazushige Kaida, head of foreign exchange at Tokyo Branch of State Street. Also of interest is the rise of Italian bond yields after the idea of 'corona bonds' failed to gain traction among EU finance ministers last week. Rising yields among the European periphery will put the euro itself under pressure. Italy has been the hardest hit by the coronavirus outbreak in Europe, placing its already stretched public finances under severe stress. Its government, along with the leaders of the likes of France and Spain, had suggested the idea of pan-European debt that would help collectively pay for recovery from the coronavirus - to no avail. Italian yields are now back above 1.8%, said Danske Bank, in a research note, the highest since before the ECB initiated its Pandemic Emergency Purchase Programme. "While Italian yields are still off the peak hit a month ago, the sell-off illustrates that member states' creditworthiness is back on the radar for investors," said Danske Bank. 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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