LONDON (Archyde.com) – The euro extended its decline on Tuesday, with the Swiss franc and the Swedish krona the biggest winners, following concerns regarding French elections and the prospect of further sanctions on Russia unnerved investors. French financial markets acknowledged the possibility of right-wing candidate Marine Le Pen beating President Emmanuel Macron in this month’s elections, as it incurred heavy losses in the Paris index of blue-chip stocks and government bonds. The single currency fell once morest the US dollar briefly to its lowest level in more than one week at $1.0956. The euro hit a one-month high of $1.1185 just days ago amid growing optimism regarding an end to the conflict in Ukraine. The euro’s biggest losses were once morest the Swedish crown and the Swiss franc on Tuesday, as it fell by 0.4 percent and 0.2 percent, respectively. The United States and European countries vowed on Monday to punish Moscow for the killings of civilians in northern Ukraine. The Kremlin denied the accusations of killing civilians. The new sanctions may include restrictions on the energy that Europe imports from Russia with billions of dollars. The Australian dollar jumped to a nine-month high following the country’s central bank signaled an interest rate hike was imminent. The Australian dollar rose 1.23 percent to $0.7639, its strongest level since June 14. The dollar index fell 0.07 percent to 98.902 from its highest level in one week at 99.083, which it reached last night. The dollar was flat once morest the Japanese yen at 122.73 yen, broadly following moves in long-term US Treasury yields, with continuing to consolidate around 122.5 following pulling back from a multi-year high of 125.105 on March 28.
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US dollar
The Japanese yen is declining once morest the US dollar, recording its weakest price since August of 2015, according to what “Bloomberg” agency said.
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Japan’s central bank
The Japanese yen fell 2.5% to 125.09 once morest the US dollar, today, Monday, the weakest price since August of 2015, before paring some losses to trade near 123.85 once morest the dollar, according to “Bloomberg” agency.
The Bank of Japan offered for the first time to buy an unlimited amount of 10-year government bonds over the next 3 days, limiting yields, amid global debt sell-offs and eroding the currency’s attractiveness.
The Governor of the Bank of Japan, Haruhiko Kuroda, had stressed earlier, the importance of stability in the currency market in light of the continuing decline in the value of the yen.
The Bank of Japan announced early Monday morning that it will make unlimited purchases of fixed-rate bonds for ten years, from the twenty-ninth to the thirty-first of this March.
The yen is at its lowest level in 5 years, and Corona injuries are hurting the yuan
written by Alexandra Hartman Editor-in-Chief
LONDON (Archyde.com) – The dollar index fell on Monday and the yen fell to its lowest level in five years, while global markets saw a return to risk appetite and investors awaited the meetings of the central banks in the United States, Japan and Britain this week.
Stock markets rebounded on Monday following selling on Friday due to uncertainty over the ongoing war in Ukraine and commodity prices retreating from their highs.
Analysts attributed the return to risk appetite to Russian and Ukrainian negotiators hinting at progress in peace talks.
The dollar index rose during Asian trading, close to its highest level in 22 months, with the rise in the US Treasury short-term bond yields, but then declined with the opening of European markets and fell 0.1 percent to 98.9 by 12.55 GMT.
Sterling remained near 16-month lows, gaining 0.2 percent on the day ahead of the Bank of England’s meeting scheduled for Thursday.
The euro rose 0.5 percent to 1.09545 dollars.
The yuan fell amid closures to limit the spread of the Corona virus in China.
Oil prices continue to rise .. the barrel of “Brent” exceeds $ 127
written by Alexandra Hartman Editor-in-Chief
The price of “Brent” crude reaches $127.86 a barrel, and analysts expect oil prices to rise further due to the delay in the conclusion of the Iranian nuclear talks.
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US crude futures rose more than 3 dollars
Today, Tuesday, the price of “Brent” crude rose more than 4 dollars, reaching 127.86 dollars per barrel.
US crude futures rose more than $3, and the price reached $122.79 a barrel, according to Archyde.com.
Analysts expected that oil prices would continue to rise more than they are now this week, due to the delayed conclusion of the Iranian nuclear talks, and thus the possibility of Iranian crude oil returning to the already turbulent global markets.
“Iran was the only factor supporting the price drop that is hanging over the market, but if the Iranian agreement is delayed now, we may consume stocks more quickly,” said Amrita Sen, co-founder of the Energy Aspects Research Institute.