DJIA25958.16
LIVE67.63(0.26%)
NDX10593.74
LIVE69.73(0.66%)

Dollar gains and yuan hits nine-month low as U.S.-China tensions return


Wednesday, 27 May 2020 15:17 WIB

DOLLARCurrency


c_740_198_16777215_00_images_assets_CURRENCY3_0duit.jpg

The U.S. dollar edged higher on Wednesday and China's yuan hit a near nine-month low as worries about the U.S. response to China’s proposed security law for Hong Kong injected a more cautious tone into foreign exchange markets.

The U.S. currency had fallen sharply on Tuesday as strong risk appetite encouraged investors into riskier currencies, but that sentiment was much less buoyant in early trading on Tuesday.

The dollar, measured against a basket of currencies, rose 0.1% to 99.146. The euro, which rose sharply on Tuesday, fell 0.2% to $1.0961, as investors waited for the European Commission to release details of a financial rescue fund for the bloc.

The dollar slipped marginally against Japan’s currency, last trading down 0.1% at 107.49 yen.

Sterling and commodity-linked currencies such as the Australian dollar fell after Tuesday's jump as investors turned more cautious.

Source : Reuters


RELATED NEWS

  • The dollar edged lower against its rivals on Wednesday as investors weighed hopes for a swift economic recovery against fears about a resurgence in the pandemic, particularly in the United States. De...
  • The dollar dipped slightly on Wednesday as investors weighed hopes for a swift economic recovery against fears about a resurgence in the pandemic, particularly in the United States. Demand for the U....

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.