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Japanese Yen Beats Other Rivals amid Risk Aversion

The Japanese yen was the strongest currency on the Forex market during Friday’s trading session as markets were in a risk-off mode after concerns about the situation in Hong Kong returned. Japan released a bunch of macroeconomic reports on Friday, some of them were better than expected while others were worse.

Japanese Yen Flat-to Higher After Economic Data

The Japanese yen was trading flat against some of its major rivals today but managed to gain on others. Hopes of a lift of the lockdown measures in various countries across the world and underwhelming domestic macroeconomic data were weighing on Japan’s currency but fears of a global economic recession that is going to follow the coronavirus pandemic and falling crude oil prices were boosting the yen.

Japanese Yen Flat, Tries to Gain on Commodity Currencies

The Japanese yen was about flat versus major currencies today. The yen was trying to rise against commodity currencies but so far it had limited success. Negative domestic macroeconomic data and the rise of crude oil prices were working against the Japanese yen but the pessimistic mood, which persists among investors, was working in favor of the Japanese currency.

Australian Dollar Falls, Ignoring Shockingly Good Employment Data, but Rebounds Later

The Australian dollar fell today, largely ignoring the shockingly good employment report. While the currency spiked immediately after the release, it retreated almost immediately. By now, though, the Aussie has managed to trim losses and even trades flat against a number of most-traded peers.

Japanese Yen Flat-to-Higher as Coronavirus Continues to Spread

The Japanese yen was trading either flat or higher against its most-traded rivals today as the coronavirus pandemic continued to spread across the world, causing panic and expectations of a global economic recession.

NZ Dollar Sinks to New Multi-Year Lows Even After Decent GDP Report

The New Zealand dollar dropped to new multi-year lows against other most-traded currencies today. Losses were across the board as the kiwi was falling even against other vulnerable commodity currencies. Even the GDP report that came out in line with expectations was unable to help the New Zealand currency.

NZ Dollar Retreats After Short-Lived Rally

The New Zealand dollar fell today against other most-traded currencies, logging the fifth consecutive session of decline against its US counterpart. While the kiwi rose a bit yesterday after the government announced a stimulus package, the rally was short-lived as risk aversion dragged the currency down.

Risk Aversion, Better-than-Expected GDP Unable to Help Swiss Franc

The Swiss franc was surprisingly soft today even though the deadly coronavirus infection continued to spread across the globe, spooking investors and increasing demand for safe-haven assets. Positive macroeconomic reports released in Switzerland on Monday and Tuesday did little to help the currency. The Swissie was soft against almost all currencies, except for the Canadian dollar, which fell today despite rising prices for crude oil, and the US dollar, which collapsed after […]

Japanese Yen Continues to Profit from Coronavirus Fear

The Japanese yen gained against most of the other currencies today as coronavirus fears continued to drive investors to safer assets. The yen, being one of such assets, profited immensely from the demand for safety. Japan’s macroeconomic data released today was good but had a limited impact on the currency.

NZD Struggles to Bounce After Opening Lower on Coronavirus Panic

The New Zealand dollar opened sharply lower today as markets were in a panic mode as the coronavirus was spreading from China to other parts of the world. While the currency is trying to trim its losses, it is still trading far below Friday’s close. Mixed domestic macroeconomic data was not helping the kiwi.

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