The dollar jumped and the safe-haven yen reached its highest levels in a week after US President Donald Trump said he had tested positive for COVID-19 and begin a quarantine. The news could cause a new wave of volatility in the market as investors prepare for the November presidential election. …
Read More »Dollar Giving up Its Gains With Appetite For Riskier Currencies
The dollar fell Thursday, October 1, to its lowest level in 9 days, as strong US data and hopes about a fiscal stimulus boosted investor confidence enough to take in more risky currencies. The Chinese yuan rose against the dollar and reached its highest level in a year and a …
Read More »High-risk Currencies Offset Some of Their Losses, And Dollar is Stable Below its Two-Month High
The dollar settled below its recent two-month high, and riskier currencies erased some of their weekly losses, while stock markets received a boost from hopes of resuming talks on fiscal stimulus in the United States. The dollar is moving towards achieving its best weekly performance since early April, driven by …
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