The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating.
FILE PHOTO: One hundred dollar notes are seen in this photo illustration at a bank in Seoul, South Korea, January 9, 2013. REUTERS/Lee Jae-Won/Illustration/File Photo
The pound fell against the greenback and the euro as a sovereign ratings downgrade continued to weigh on sterling, underlining the strain on public finances from a much needed massive fiscal stimulus. However, analysts warn that an almost certain global recession due to the coronavirus will remain a dominant influence in trading and eventually favor currencies least affected by the economic downturn.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Dollar slows slide as investors seek shelter amid pandemic crisisThe dollar slowed its descent after a week of declines and the safe-haven yen edged ahead on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty.
Baca lebih lajut »
Strong dollar hits renewables when they’re downPlunging oil prices have already made wind and solar power less attractive. But a coronavirus-led weakening of emerging market currencies also pushes up the dollar cost of new projects. That puts a brake on growth just when the opposite is needed to hit carbon reduction targets.
Baca lebih lajut »
Coronavirus: Boris Johnson's government reportedly 'furious' with China - Business InsiderBoris Johnson's government is reportedly furious with China and believes it could have 40 times more coronavirus cases than it claims
Baca lebih lajut »
‘It Is All About Faith’: Eager Small Investors Buoy China Stocks in Market MaelstromChina’s millions of individual investors have been pouring money into stocks, confident that Beijing has mastered the coronavirus crisis and that cheap money, state spending and lighter regulation will produce a new boom.
Baca lebih lajut »