Saturday, 04 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dollar slips on softer U.S. yields; Aussie shines
Thursday, 18 July 2019 15:21 WIB | CURRENCIES |DOLLARCurrency Indeks Dolar

The dollar broadly edged lower against its rivals on Thursday after softer U.S. Treasury yields in the wake of weak U.S. housing data sapped demand as investors focused their attention on a Fed meeting next week.

While expectations of a 25 basis point rate cut are baked into money markets, some investors are gunning for a 50 basis point cut. The Fed is widely expected to cut a total of 75 basis points by the end of the year.

Morgan Stanley strategists said in a daily note that the overall outlook for riskier assets remained bearish thanks to disappointing U.S. earnings reports and weak prospects for global trade.

Against a basket of its rivals, the dollar edged 0.1% lower to 97.09.

The weakness in the dollar pushed other currencies higher. The Australian dollar led gainers thanks to a solid jobs report.

Source : Reuters

RELATED NEWS
Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S....
Friday, 3 July 2020 22:04 WIB

The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging cor...

Dollar edges up; Aussie and Kiwi gain slightly on U.S. and China data...
Friday, 3 July 2020 15:20 WIB

The dollar edged up in early London trading on Friday and currency traders' risk appetite was boosted only slightly by better-than-expected jobs data in the United States, as surging coronavirus cases...

Dollar Steadies As U.S. Coronavirus Cases Rise Before Long Holiday...
Friday, 3 July 2020 09:56 WIB

The dollar was hemmed into a narrow range on Friday, supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. Th...

Dollar Set For Biggest Weekly Drop in a Month before U.S. Data...
Thursday, 2 July 2020 18:51 WIB

The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data sharpened risk appetite, with hopes for a COVID-19 vaccine breakthrough also helping ...

Dollar falls to one-week lows on data hopes...
Thursday, 2 July 2020 15:17 WIB

The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data sharpened risk appetite, with hopes for a COVID-19 vaccine breakthrough also helping ...

LATEST NEWS
Colombia Arrests 8 More Suspects in Police Academy Car Bombing

Colombia has captured eight leftist rebels accused of killing at least 22 people in a bombing attack on a police academy. The National Liberation Army (ELN) claimed responsibility for the January 2019 car bombing in the capital Bogota. The rebel...

European markets close lower as virus concerns quell optimism over upbeat data

European stocks closed lower on Friday as concern over a spike in U.S. coronavirus infections tempered the optimism arising from upbeat economic data out of the U.S., China and the euro zone. The pan-European Stoxx 600 provisionally closed down...

Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S.

The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging coronavirus cases. The U.S. Labor Department said...

POPULAR NEWS
July, Gold is Still Promising
Wednesday, 1 July 2020 16:41 WIB

Index futures closed above $ 1,800 per ounce on Tuesday, June 30, 2020, which also means closing in the first half of this year. Over the past six...

Gold futures end lower a day after highest finish since 2011
Thursday, 2 July 2020 01:28 WIB

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be...

Gold settles with a gain for the session and shorter week
Friday, 3 July 2020 01:15 WIB

Gold futures climbed on Thursday, also posting a gain for the holiday-shortened week, as concerns over the increase in COVID-19 cases in part of the...

Gold prices retreat to start July after the notching their highest finish since 2011
Wednesday, 1 July 2020 18:58 WIB

Gold futures were drifting lower Wednesday after topping $1,800 and marking the highest finish since in about nine years Tuesday, as uncertainty...