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Dollar loses safe-haven shine, sends euro to 11-week high

Tuesday,   02-Jun-2020   04:03 (IST)

The euro reached an 11-week high on Tuesday as the dollar lost ground, with investors maintaining their hopes for a global economic recovery. The optimism persisted within markets despite growing concern over U.S.-China tensions and mass protests across the United States over the death of a black man in police custody. Traders remain hopeful that central banks will continue to buy government bonds and other financial assets to protect their economies from the coronavirus pandemic. The European Central Bank, for instance, is expected to increase its 750 billion-euro Pandemic Emergency Purchase ...

Dollar Unloved; Mood Remains Optimistic

Tuesday,   02-Jun-2020   01:22 (IST)

The dollar has few friends in early European trade Tuesday, as the tone remains generally optimistic about the global recovery despite heightened concerns over U.S.-China tensions and civic unrest in ...

Dollar on defensive as markets pin hopes on global economic recovery

Tuesday,   02-Jun-2020   09:00 (IST)

The dollar was on the defensive on Tuesday as investors stuck to hopes of a global economic recovery despite heightened concerns over U.S.-China tensions and mass protests in many U.S. cities over the...

Dollar Struggles Amid Rising Economic Optimism

Monday,   01-Jun-2020   01:30 (IST)

The dollar has sold off in early European trade Monday, as fewer investors seek this safe haven amid rising optimism about the global economic recovery and as U.S. President Trump offers up a measured...

Dollar slips as investors focus on recovery outlook

Monday,   01-Jun-2020   09:00 (IST)

The dollar slipped on Monday as investors looked past unrest in the United States to the global economic recovery from the coronavirus and hoped for an easing in Sino-U.S. tensions. The risk-sensitive...

Sterling sinks to two-month low as Brexit fears loom

Friday,   29-May-2020   04:22 (IST)

The pound fell to a two-month low against the euro on Friday as Brexit talks and speculation about negative interest rates in Britain continue to weigh on sterling, which also fell against the dollar....

Dollar Drifts Lower in Tight Trading Ranges

Friday,   29-May-2020   01:50 (IST)

The dollar edged lower in early European trade Friday, but trading ranges have been tight as traders attempt to weigh up the conflicting forces of a continued economic recovery with heightened tension...

Yen perks up, dollar sags as markets jittery before Trump speaks on China

Friday,   29-May-2020   12:32 (IST)

The yen rose against major currencies on Friday as caution ahead of U.S. President Donald Trump’s press conference on China’s treatment of Hong Kong triggered safe-haven inflows. The dolla...

Dollar in narrow range as focus shifts to Trump's China response

Friday,   29-May-2020   08:55 (IST)

The dollar was hemmed into a narrow trading range on Friday as traders' focus shifted to U.S. President Donald Trump's response to China's passage of a national security law for Hong Kong....

Euro steady as doubts over EU recovery fund arise

Thursday,   28-May-2020   04:13 (IST)

The euro was steady on Thursday as investors questioned whether a 750 billion euro ($826.35 billion) European Union plan to prop up the bloc’s coronavirus-hit economies would be delivered. Overn...