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Japanese Yen Strengthens As BoJ Plans to Help Fight COVID-19 Crisis

The Japanese yen is accelerating against several currencies on Tuesday as the central bank announced that it plans to help stabilize financial markets that have been decimated by the coronavirus. With an already fragile economy on the brink of a recession, the Bank of Japan (BoJ) aims to offer liquidity to ensure Covid-19 does not do any more damage to a country that is scheduled to host the Olympic Games in Tokyo. The announcement was not enough […]

US Dollar Mixed on Data, US-China Trade Uncertainty

The US dollar is mixed against a basket of currencies on Monday as investors weigh new economic data and consider the latest developments in the US-China trade saga. With volatility in financial markets and growing geopolitical uncertainty, it is apparent that investors are unsure how to trade in the final week of August.

Russian Ruble Gains on Calls for G7 Reinstatement

The Russian ruble is gaining on Thursday after renewed calls to reinstate Moscow into the G7. After being ousted from the group of eight economies over the annexation of Crimea in 2014, Russia might return to the table and engage with other economic powerhouses. Data is also lifting the ruble toward the end of the trading week.

Japanese Yen Weakens as Leaders Finalize Partial US Trade Deal

The Japanese yen is weakening midweek after reports that Tokyo is set to finalize a partial trade agreement with the US. While this is bullish for the world’s third-largest economy, the yen is still reeling from the latest trade data that is boosting recession fears and might prompt the government to postpone its long-proposed national sales tax.

Chinese Yuan Depreciates As Economy Weakens, Manipulation Concerns Linger

The Chinese yuan weakened against the US dollar and a basket of currencies on Tuesday. Despite some modest gains in July, the currency is still hovering around a 13-month low, leaving many traders and world leaders wondering if Beijing is manipulating the yuan.

IMF Says Chinese Yuan ‘Fairly Valued’ As Currency Slips Further

The Chinese yuan continued its slide on Friday as the currency fell beyond its 13-month low. Despite the US government hinting that the central bank is purposely debasing the yuan, the International Monetary Fund (IMF) said it is “fairly valued.”

Chinese Yuan Weakens to 13-Month Low After Beijing Pledges Stimulus

The Chinese yuan fell to its lowest level since June 2017 after the federal government vowed to adopt a more proactive fiscal initiative, reversing a previous policy of winding down stimulus efforts and unloading debt. This comes as the US government promised it would keep a close eye on potential currency manipulation by the world’s second-largest economy.

Euro Soft After Bunch of Weak Economic Releases from Eurozone

The euro fell against its major rivals today after the release of worse-than-expected economic reports in Germany and France. Fears of trade wars were also hurting the currency. Currently, the euro has trimmed its losses but is still trading below the opening level.

Japanese Yen Feels Strong

The Japanese yen rallied today as traders were cautious due to the prospects for monetary tightening from the Federal Reserve but not willing to buy the US dollar.

Loonie Loses Ground as Traders Await Taper News

The Canadian dollar is most at risk for weakness in a situation that involves the Federal Reserve in the United States tapering its asset purchase program. As a result, the loonie is experiencing a degree of weakness as Forex traders await the outcome of a two-day Fed meeting slated to end today.

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