FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
FXCC information and reviews
FXCC
90%
Markets.com information and reviews
Markets.com
89%
FxPro information and reviews
FxPro
88%
EUR/USD
1.1729
BTC/USD
43 862.55
GBP/USD
1.3655
USD/JPY
109.4070
USD/CHF
0.9272
USD/CAD
1.2836
EUR/JPY
128.3269

U.S. Dollar Down Amid Improved Investor Sentiment


7 April 2020

The U.S. dollar was down in Asia on Tuesday morning as investor risk sentiment improved. The U.S. U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.16% to 100.590 by 11:42 PM ET (4:42 AM GMT) as the United States, Italy and Spain reported falling COVID-19 case numbers over the weekend.

The GBP/USD pair gained 0.3% to 1.2266 even as Prime Minister Boris Johnson was moved into intensive care overnight due to his worsening COVID-19 symptoms.

The USD/JPY pair was down 0.36% to 108.81 as Japan prepared to declare a state of emergency for Tokyo and other big cities later by the end of the day.

“The currency market has remained fairly calm, but there will be more downside for sterling if Johnson’s condition worsens,” Junichi Ishikawa, senior FX strategist at IG Securities, told CNBC. “The yen will not react much to the state of the emergency, because other currencies are focused on signs that the coronavirus curve is starting to flatten out," he added.

The AUD/USD pair rose 0.51% to 0.6117 as the Reserve Bank of Australia prepares to announce its interest rate decision later today, and the NZD/USD pair rose 0.47% to 0.5958. The two Antipodean currencies also benefitted from the increased investor risk appetite as risk currencies.

The USD/CNY pair lost 0.14% to 7.0808 as Chinese employees returned to work following a holiday yesterday.

#source

Related

US Markets lost major support, Asian Indices are melting
US Markets lost major support, Asian Indices are melting

Global markets closed last week on the back foot, and no significant positive factors emerged in Asian trading, increasing the flight to safety. The Hang Seng lost...

20 Sep 2021

US Retail sales and other data has supported Dollar
US Retail sales and other data has supported Dollar

The US Retail sales notably exceeded expectations, adding 0.7% in August vs an expected 0.7% decline. The increase to August last year is an impressive 14.9%...

17 Sep 2021

Geopolitics Fire Up Up and Cryptos Are Booming
Geopolitics Fire Up Up and Cryptos Are Booming

Futures in the United States and Europe are trading lower today as investors are worried about the new security agreement between the U.S., the U.K. and Australia...

16 Sep 2021

UK inflation surges, stocks struggle
UK inflation surges, stocks struggle

European markets flat at the open this morning as UK inflation surged to a record high in August and Chinese economic data was soft. China’s retail sales fell to...

15 Sep 2021

Gold is anxiously waiting for the US inflation data
Gold is anxiously waiting for the US inflation data

Gold, hovering around $1790 since last Thursday, might take an even harder hit. The bears are waiting for a good signal to launch an attack. It is now holding it below significant levels...

14 Sep 2021

Here Is Why Stock Futures Are Trading Lower
Here Is Why Stock Futures Are Trading Lower

Despite a week of doom and gloom in the stock markets, futures in the United States are still trading lower. Since February, the S&P 500 has been on its longest...

13 Sep 2021


Editors' Picks

OctaFX information and reviews
OctaFX
86%
HotForex information and reviews
HotForex
85%
XM information and reviews
XM
80%
FXCM information and reviews
FXCM
79%
Vantage FX information and reviews
Vantage FX
78%
Moneta Markets information and reviews
Moneta Markets
77%

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.