You are here: Home > articles > Forex > Disrupted security in foreign exchange: risky assets gains attention
Disrupted security in foreign exchange: risky assets gains attention
June 30, 2020 3:21 pmVideo
Latest News
- Forecast for EUR/USD on April 15, 2024 April 15, 2024
- Forecast for GBP/USD on April 15, 2024 April 15, 2024
- Forecast for USD/JPY on April 15, 2024 April 15, 2024
- Outlook for EUR/USD on April 15. The euro is already falling for no apparent reason! April 15, 2024
- Trading plan for GBP/USD on April 15. Simple tips for beginners April 15, 2024
- Trading plan for EUR/USD on April 15. Simple tips for beginners April 15, 2024
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
This morning, the value of safe currencies showed a downward correction. The reason for this was the positive statistics on economic growth coming from different regions, which becomes evidence of the recovery from the crisis associated with the coronavirus pandemic.
All this has a positive impact on risky assets, which are beginning to gain popularity among investors. These, in particular, include the national currency of Australia and China. The pound sterling, on the other hand, turned out to be outside the zone of interests of market participants, due to serious pressure from the uncertainty surrounding government spending on UK domestic goals.
Statistics from the United States proved to be more than positive. It became evidence of the growing economic growth in the country. So, a rapid rise was recorded in the sector of preliminary sales of houses.
The value of yen fell in the morning by 0.2% against the US dollar. Its current level stopped at around 107.77 yen per dollar.
The dollar index against a basket of six major world currencies rose slightly after a rather long decline. It increased by 0.13%, which sent it to the mark of 97.665.
Meanwhile, the swiss franc which is also one of the safe currencies reduced its value by 0.13% and reached the level of 0.9523 dollars per franc. It also fell by 0.07% In relation to the single European currency and began to cost 1.0685 francs per euro.
However, restrained trends continue to dominate the currency market. Participants are not in a hurry to take risks and try to keep their assets in safer areas.
To date, the four currencies of the Big Ten have thoroughly strengthened against the US dollar. Among them, it is worth highlighting the yen, the euro, the Swedish krona and the Swiss franc. All of them were able to return to their pre-crisis positive trade balance level.
At the same time, the aussie also decreased in value by 0.15% and was at around 0.6407 dollars per aussie. Kiwi is also down by 0.19%. Its level is in the range of $ 0.6407 per kiwi.
The Chinese yuan grew slightly by 0.13% and began to cost 7.0702 yuan per dollar in the official market. The cost in offshore is slightly lower which is 7.0696 yuan per dollar. This reflected an increase of 0.08%.
The euro also slightly fell today. Its decline amounted to 0.23%, and the current level was at around 1.1214 dollars per euro.
The pound also fell by 0.18%, which sent it to the mark of 1.2274 dollars per pound. Recall that yesterday it also declined and even reached the minimum values for the last month. The reason for the negative here was statements from official authorities about their intentions to expand the program of financing the state’s infrastructure against the backdrop of the crisis connected with the COVID-19 pandemic. Investors are seriously concerned that the government does not intend to support a weakening economy and continue to stimulate it.
In general, foreign exchange markets are experiencing a change in trends. From safe areas, investors began to turn their attention to risky assets that are becoming more popular.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: