Thursday, 02 April 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Yen Near 9-Month Lows, Euro stays on the Back Foot
Thursday, 20 February 2020 15:50 WIB | CURRENCIES |mata uang yen Euro YenDOLLAR

The safe haven yen was trading close to nine-month lows against the dollar on Thursday as risk appetite was underpinned by expectations that China will continue with steps to offset the economic impact of the coronavirus epidemic.

The dollar was trading at 111.69 against the Japanese currency by 3:07 ET (8:08 GMT), not far from the highest level since May 2019. The yen dropped 1.3% on Wednesday, its largest one-day percentage decline since August.

The number of new coronavirus cases dropped for a second straight day in China.

China's central bank lowered its benchmark lending interest rate on Thursday, adding to measures aimed at limiting the impact from business shutdowns and travel curbs on the world's second-largest economy.

The euro was trading at 1.0788, close to its weakest level since April 2017. The single currency has been pressured lower after a recent string of weak eurozone economic data boosted speculation that monetary policy will remain looser for longer.

Source : Investing.com

RELATED NEWS
Dollar Edges Lower; Petro Currencies Gain on Trump Comments...
Thursday, 2 April 2020 15:24 WIB

The dollar edged lower in European trading Thursday, with investors seemingly prepared to move out of the safe haven into riskier currencies ahead of key U.S. unemployment data. At 3 AM ET (0700 GMT)...

Dollar supported as investors seek safety in liquidity...
Thursday, 2 April 2020 08:21 WIB

The dollar held gains on Thursday as investors rushed to the security of the world's most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index agai...

Sterling Steadies as Dollar Surges on Global Recession Angst...
Wednesday, 1 April 2020 23:42 WIB

Sterling steadied against a buoyant dollar on Wednesday amid a wider selloff in global stock markets as data showed factory activity across the world contracting sharply due to the coronavirus pandemi...

Dollar in Demand as Economic Damage Worsens...
Wednesday, 1 April 2020 15:13 WIB

The dollar traded a little higher Wednesday, helped by its status as a safe haven currency as manufacturing data out of Asia pointed to a severe economic slowdown as the region tries to combat the cor...

AUD/USD keeps losses after big beat on China Caixin PMI...
Wednesday, 1 April 2020 09:33 WIB

AUD/USD is struggling to draw bids on the back of a better-than-expected China manufacturing data. The currency pair continues to trade in the red near 0.6120, having faced rejection at 0.6158 in earl...

LATEST NEWS
U.S. Initial Jobless Claims Leap to Record 6.65 Million

The number of Americans applying for initial unemployment benefits surged to a new record 6.65 million last week, the U.S. Labor Department said on Thursday, as the full impact of the fallout from the coronavirus pandemic on the labor market became...

Oil Rallies 10% After Trump Says He Expects Saudi Arabia-Russia Feud To End Soon

Oil prices rallied on Thursday after President Donald Trump talked up the possibility of Saudi Arabia and Russia ending a squabble that contributed to crude™s massive plunge since last month. West Texas Intermediate futures surged by $2.11, or...

UN Chief: Coronavirus Is Biggest Global Crisis Since WWII

U.N. Secretary-General Antonio Guterres says the coronavirus pandemic is the most challenging global crisis since World War II. "It is a combination, on one hand, of a disease that represents a threat to everybody in the world and, second, because...

POPULAR NEWS
Gold Futures Settle Lower for a Second Session
Tuesday, 31 March 2020 01:23 WIB

Gold futures fell Monday for a second session, pressured as U.S. benchmark stock indexes climbed and the dollar strengthened. "Gold has been the...

Gold Futures Fall Sharply for The Session, Climb for The Month
Wednesday, 1 April 2020 01:13 WIB

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and...

Gold Prices Down as Asian Markets Report Gains
Tuesday, 31 March 2020 09:41 WIB

Gold prices in Asia were down on Tuesday morning as stock markets gained. Prices of the yellow metal reached $1,645.3 overnight as investors...

Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread
Wednesday, 1 April 2020 20:22 WIB

Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor...