Harry Smith

Harry Smith is an equity markets specialist with a Ph.D. in Economics and Administration from Stern School of Business. During his twenty-year-long career, he worked with the most prominent banking institutions, such as Charles Swab and S&P Global. Now is focused on market analysis and portfolio diversification consulting.

The U.S. Dollar tumbled down. What caused its downfall?

The U.S. Dollar tumbled down. What caused its downfall?

The U.S. dollar collapsed on Thursday as the U.S. President’s statements disappointed investors. Donald Trump spoke about several additional measures that would allegedly help the struggling economies. However, traders think that those measures won’t be very effective against the coronavirus. Especially, considering that the World Health Organization declared that the outbreak has already grown into …

The U.S. Dollar tumbled down. What caused its downfall? Read More »

dollar, Safe-Haven Currencies rose against U.S. Dollar on Wednesday

Safe-Haven Currencies rose against U.S. Dollar on Wednesday

The U.S. dollar tumbled down on Tuesday after a short rebound a few days ago. The stocks and currencies lowered sharply on Monday as the pandemic fear spread. Investors hoped that the authorities would take some measures to help the futures recover. Such assumptions, coupled with the U.S. president’s statement, caused the dollar’s rally, but …

Safe-Haven Currencies rose against U.S. Dollar on Wednesday Read More »

Japanese Yen hit high. What about the U.S. Dollar?

Japanese Yen hit high. What about the U.S. Dollar?

The Japanese yen rallied over the last days. The currency is climbing to its largest three-day gain since the 2008 financial crisis. It has already added 9.4% in a dozen trading days. Despite that, Japanese policymakers are worried. They observe the trade closely while coronavirus cases are growing rapidly. The pandemic caused more economic disruptions …

Japanese Yen hit high. What about the U.S. Dollar? Read More »

U.S. dollar rose after eight-week low. What about Euro?

U.S. dollar rose after eight-week low. What about Euro?

The U.S. currency rebounded against a basket of currencies on Wednesday. The dollar index rose by 0.24% at 97.365. The currency hit an eight-week low after the U.S. Federal Reserve cut an emergency interest rate during the previous session. It tumbled down to 96.926, its weakest point since January on Tuesday, before gaining again. U.S. …

U.S. dollar rose after eight-week low. What about Euro? Read More »

dollar, Chinese Yuan and united states dolalr

U.S. Dollar plummeted down while Chinese Yuan rallied

The U.S. dollar declined on Wednesday, hovering near a five-month low against the Japanese yen. The currency tumbled down after the U.S. Federal Reserve’s emergency 50 basis point rate cut caused more concerns about the impact of the coronavirus. The greenback traded near its lowest point in nearly two years against the Swiss franc as …

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Safe-haven currencies, Euro and U.S. dollar

What caused U.S. Dollar’s decline against Yen and Euro?

The euro and other major currencies rallied against the dollar after U.S. authorities confirmed the first case of the coronavirus with a citizen who hadn’t the exposure to the infection. Furthermore, there were more cases reported, undermining the perceived strength of the U.S. economy. As a result, the greenback sharply declined. Federal Reserve Chair Jerome …

What caused U.S. Dollar’s decline against Yen and Euro? Read More »

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