Dollar slips as Chinese data improves
The dollar fell Tuesday, much to the enjoyment of sterling and Australian dollar holders, after better-than-expected economic data from China which painted a less gloomy picture of the new coronavirus’ economic fallout than markets had feared.
China’s March exports fell 6.6% from a year earlier, compared with a forecast for a 14% drop and imports fell by less than 1%, compared with a 9.5% drop anticipated by economists.
Daily fatalities in the United States also fell sharply and states began plans to re-open their economies, leaving traders to abandon the safety net of the most liquid currency – the dollar – and turn to more risky currencies.
The Australian dollar rose to a more than one-month high of 0.6432 per U.S. dollar and was last up 0.5%.
Sterling went up by the same magnitute, touching $1.2575, its highest since March 13, up 0.5% on the day. The pound had been closely linked to the performance of the equity market for the past weeks.
The euro inched higher by 0.2% to $1.0932.
The only currency the dollar was down against in the major economies was the Japanese yen, which rose 0.1% versus the greenback to 107.69 yen.
“The ongoing improvement in global investor risk sentiment in the near-term combined with the Fed’s aggressive policy response is beginning to weigh down more on the U.S. dollar,” said Lee Hardman, currency analyst at MUFG.
The mood in the forex markets was preempted by leveraged funds last week, whose net short U.S. dollar positioning in the latest week touched their largest level since May 2018, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.
The value of the net short dollar position was $10.5 billion in the week ended on April 7, from net shorts of $9.9 billion the previous week. Speculators have been short on the U.S. dollar for four consecutive weeks.
Source: CNBC/Reuters
Comments (62)
plaquenil side effects mayo clinic chloroquine and hydroxychloroquine hydroxychlorophine
azithromycin drugs zithromax 250 zpak for uti
hydroxychloroquine warnings
ncov chloroquine plaquenil immunosuppressive hsq medical abbreviation
prednisolone https://prednisoloneprednisolone.com/
https://modafilmdmodafinil.com/ what is provigil
https://provigilandmodafinil.com/ modafinil alcohol
https://bactrimsulfamethoxazole.com/ trimoxazole davis pdf
https://getmodafinilnow.com/ provigil 100 mg
prednisone and alcohol what is prednisone prescribed for
modafinil weight loss modafinil schedule
provigil medication provigil generic
sulfameth trimethoprim 800 160 tb https://bactrimtrimoxazole.com/
tadalafil vs cialis reviews https://www.pharmaceptica.com/
what does prednisone do https://predforteprednisone.com/
accutane for acne accutane
modafinil withdrawal modafinil india
trimethoprim 100mg bactrim
What dose of co- trimoxazole is used in a patient with a UTI? Sulfamethoxazole trimethoprim side effects
prednisolone sodium phosphate https://prednisoloneacetateophthalmic.com/
modafinil order modafinil
isotretinoin accutane
Sulfamethoxazole side effects Can I drink alcohol while taking sulfamethoxazole / trimethoprim DS tablets?
what does prednisone do https://prednisoloneacetateophthalmic.com/
modafinil 200mg adrafinil vs modafinil
Your article helped me a lot, is there any more related content? Thanks!
buy accutane 20mg online roaccutane 20mg
Are there any discounts available for a 10 milligram dosage of Accutane? https://isotretinoinex.website/
buy buy accutane online 100 mg accutane order accutane online forum
where can i buy accutane in stores accutane for sale australia accutane over the counter canada
buy accutane online nz how to buy accutane how to get accutane prescription online
buy accutane in usa buy generic accutane uk accutane
Not sure where to get accutane in Australia? Explore where to get accutane in Australia for reputable suppliers and options.
accutane pills cost accutane prescription buy liquid accutane
Looking to get accutane 30 mg? Find accutane 30 mg at accutane 30 mg.
accutane prescription australia price of accutane in australia
What is the recommended daily dosage of Accutane if it is 30 milligrams? https://isotretinoinex.website/
Considering accutane medicine buy to manage your skin concerns? Visit our website for trusted brands.
What is the recommended daily dosage of Accutane if it is 80 milligrams? https://isotretinoinex.website/
Looking for the current cost of accutane? Find accurate pricing at accutane prices.
accutane name brand and generics generic accutane 40 mg
Looking for 10 mg accutane information? Visit accutane 10 mg for detailed insights.
accutane in india order accutane online accutane 5mg dose
accutane price in canada accutane 40 mg price in india buy accutane 40 mg online
Is Accutane available in a 20 milligram capsule form? https://isotretinoinex.website/
accutane 20 mg price uk accutane medication accutane for acne cost
meclizine 25mg pill
order meclizine 25mg pills
antivert 25mg over the counter
buy antivert 25mg for sale
antivert 25 mg sale
buy meclizine without prescription
meclizine 25mg for sale
order meclizine 25 mg pill
antivert 25mg for sale
order antivert without prescription
buy meclizine for sale
meclizine 25 mg generic
order antivert 25mg sale
antivert 25 mg canada
order antivert
purchase antivert without prescription