Risk Aversion — News Archive

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Euro Bounces from Lows, Waits for Economic Data

The euro bounced today after opening sharply lower due to the financial crisis in Turkey. The current trading session was light on other events, including economic releases, but tomorrow’s session will be different, with plenty of macroeconomic data from the eurozone.

South African Rand Touches Lowest Level in Two Years

The South African rand touched the lowest level in two years against the US dollar today amid fears that the Turkish financial crisis will spread to financial systems of other countries.

Turkish Lira Pulls Back from Record Low After Central Bank Announcements

The Turkish lira recovered a bit today after touching a new record low overnight. The nation’s central bank attempted to support the currency, making couple announcements.

US Dollar Ends Week Strong on Back of Turkish Crisis

The US dollar was strong during the past trading week thanks to risk aversion caused by the crisis in Turkey, though that same factor made other safe currencies compete with the greenback, and the Japanese yen emerged as a winner.

Canadian Dollar Mixed Despite Amazing Employment Report

Canada’s employment data released today was much better than forecasts, but the performance of the Canadian dollar was largely driven by the market sentiment. As a result, the loonie gained against the extremely weak euro, but fell versus safe currencies, such as the US dollar and the Japanese yen.

US Dollar Rallies on Stable Inflation, Turkish Fears

The US dollar rallied against its major rivals today, though not against safe ones, like the Japanese yen and the Swiss franc. The reasons for the rally were the stable inflation figures and risk aversion on markets.

Japanese Yen Rallies As US-China Trade Conflict Heats Up

The Japanese yen rallied today as US-China trade tensions suddenly flared up, driving market participants to seek safety.

Strength of Swiss Franc Signals About Risk Aversion on Forex Market

The Swiss franc was relatively strong today, rising against such currencies as the US dollar and the euro, though not the Great Britain pound and the Japanese yen.

Canadian Dollar Soft Under Pressure from Trade War Fears

The Canadian dollar fell against major currencies today, joining other commodity currencies in decline. The main theme on Monday was the escalating threat of trade wars between world’s major economies.

AUD Touches Lowest Since May 2017 vs. USD

The Australian dollar dropped against other most-traded currencies today, reaching the lowest level in more than a year against the US dollar. The Aussie fell following the surge of risk aversion, mixed domestic macroeconomic data, and the release of the central bank’s policy meeting.

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