NEW YORK, March 11 The dollar fell on Friday, nearing a one-month low against a basket of major currencies, as investors bought riskier assets following surprising announcements from the European Central Bank and People’s Bank of China. Commodities rose on Friday after China fixed higher its onshore yuan rate ...
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Finally some partially positive news from the US manufacturing sector: a score of 49.5 points in the ISM Manufacturing PMI. This is still in negative territory (under 50) but better than expected and with a better employment component. The US dollar is rising but certainly doesn’t get too far. The ...
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Risk aversion continues to support the euro. EUR/USD rose again to test daily highs but after reaching 1.0982 pulled back again toward the 1.0950. Stocks in Wall Street extended losses. The Dow Jones is falling 3% and the Nasdaq 3.55%. During the last hours the pair has been hovering between ...
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