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August 4, 2020

Finance

Finance

Euro’s rally triggers fears of side effects

LONDON (UK) – Euro bulls will be hailing the currency’s quick rally to two-year highs against the greenback after years of gloom. However, the euphoria is being tempered by wariness about its side effects. Since May, the euro has witnessed a 11% jump against the dollar after benefiting from the currency’s weakness and the EU’s […]
Finance

Gold surges to record heights

SYDNEY (AUSTRALIA) – The yellow metal on Tuesday surged to record heights before the scale of its gains sparked a burst of profit taking. This, in turn, helped the dollar from two-year lows, curbing early equity gains. Gold surged $40 higher at one point to touch $1,980 an ounce. But a wave of selling slapped […]
Finance

Dollar begins week with pressure from all corners

SINGAPORE CITY (SINGAPORE) – The greenback started the week by facing immense pressure from all corners. Intensifying China-US relations have added to concerns that the surging number of coronavirus cases could undermine the economic recovery. During morning trade, the dollar dropped to a four-month low against the yen and a new 22-month trough on the […]