Harry Smith

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 »

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 »

The U.S. dollar recovered from the last few weeks lows on Tuesday, rising by 0.2% to 95.613 versus a basket of currencies. It surged forward against the yen at 104.28, rising by 1.9%, which is considerably high than Monday’s 101.18 low. The greenback soared by 0.4% versus the euro at $1.1385 per euro on Tuesday. …

U.S. Dollar rebounded on Tuesday. What about Swiss franc? Read More »

The U.S. dollar tumbled down on Thursday after rallying on Wednesday. The currency is close to the two-month low of 1.1214 it reached against the Euro on Tuesday, the last trading by 0.4% lower at 1.1175. Investors expect the Federal Reserve to cut interest rates further, which is why the dollar declined. The Fed has …

U.S. dollar declines on Thursday after the short rebound Read More »

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 »

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 …

U.S. Dollar plummeted down while Chinese Yuan rallied Read More »