The dollar began the week under pressure from all corners as intensifying Sino-U.S. tensions added to worries that the coronavirus resurgence in United States could undermine the recovery in the world's biggest economy.
SINGAPORE - The dollar began the week under pressure from all corners as intensifying Sino-U.S. tensions added to worries that the coronavirus resurgence in United States could undermine the recovery in the world’s biggest economy.
The lack of support for the greenback, even as tit-for-tat consular closures marked the latest escalation in U.S.-China tensions, is a shift for the dollar which has been closely tracking global sentiment through the coronavirus crisis. “The common factor is the ongoing decline in U.S. yields,” said Ray Attrill, head of FX strategy at National Australia Bank in Sydney. They have fallen as the bond market prices a slow U.S. recovery, robbing the dollar of a dependable attraction.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Here’s what a falling U.S. dollar means for the stock marketBarring some sort of currency meltdown, a weaker dollar should be a positive for equities, though foreign stocks will likely benefit more, analysts say.
Weiterlesen »
These millennials are transforming the multibillion-dollar health-care industry in the face of coronavirusThese millennials are transforming the multibillion-dollar health-care industry in the face of coronavirus. (via CNBCMakeIt)
Weiterlesen »
Stocks like Procter & Gamble and Dollar General have 'earnings power' analysts sayYour weekend brief: Stocks like Procter & Gamble and Dollar General have 'earnings power' analysts say
Weiterlesen »
Chicago Cubs' Anthony Rizzo Gives Hand Sanitizer to Opponent During Game - E! OnlineThe Chicago Cubs first baseman is taking all the necessary precautions amid the Coronavirus pandemic.
Weiterlesen »