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Dollar Edges Higher as Virus Fears Ease; Euro Weakens

Friday,   24-Jan-2020   03:10 (IST)

The U.S. dollar is showing some strength against the safe haven Japanese yen Friday as a degree of calmness returns to traders who have fretted all week over the new pneumonia-like virus in China. Elsewhere, the euro has shown weakness after the European Central Bank indicated no immediate movement from its current monetary policy stance at Thursday’s meeting. President Christine Lagarde told Bloomberg Friday insisted that the bank is not on "autopilot" but others were skeptical. Overnight, The number of cases of patients infected with the new virus as of January 23 has gone up...

Euro near seven-week lows before PMI data release

Friday,   24-Jan-2020   03:04 (IST)

The euro held near seven-week lows on Friday after the European Central Bank struck a more dovish tone at Thursday’s meeting than some had expected. Investor attention will turn to the flash PMI...

Euro near seven-week low after ECB; virus fears support yen

Friday,   24-Jan-2020   09:04 (IST)

The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China's coronavirus outbreak propped u...

Sterling cements rebound as BoE rate cut hangs in the balance

Thursday,   23-Jan-2020   02:53 (IST)

The British pound held on to its recent recovery on Thursday as investors weighed up whether the Bank of England would cut interest rates next week. Money markets are now pricing in a slightly more th...

Yen jumps and yuan sags on Chinese virus fears

Thursday,   23-Jan-2020   02:43 (IST)

The Japanese yen strengthened and China’s yuan fell to a two-week low on Thursday as investors grew more anxious about the spread of a virus in China, while the euro was calm ahead of the Europe...

Yen firm over China virus concern; Aussie jumps on jobs data

Thursday,   23-Jan-2020   09:02 (IST)

The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise d...

Swiss franc weakens after data points to more SNB interventions

Wednesday,   22-Jan-2020   04:25 (IST)

The Swiss franc fell as much as half a percent on Wednesday after data this week indicated the country’s central bank had stepped up its intervention in the market to stop its currency from appr...

Sterling firms to near two-week high vs euro as rate-cut talk abates

Wednesday,   22-Jan-2020   03:02 (IST)

Britain’s pound rose to its strongest level against the euro in almost two weeks on Wednesday as investors debated whether or not the Bank of England will cut interest rates when it meets next w...

Yuan, Australian dollar struggle to wipe off coronavirus concerns

Wednesday,   22-Jan-2020   10:34 (IST)

The yuan dipped and the Australian dollar hit a six-week low on Wednesday as investors feared the outbreak of a new coronavirus in China could create more headaches for the Chinese economy, which is a...

Yen supported, yuan frail on coronavirus concerns

Wednesday,   22-Jan-2020   08:58 (IST)

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 trad...