* Euro near 33-month low as growth stagnates in euro zone. * Yen shows limited response to poor Japan GDP. * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. By Hideyuki Sano.
Dollar Index logs 0.4% weekly rise. The U.S. dollar just spent another week flexing its muscles. While that hasn't done much to derail upside momentum for the stock market so far, it's worth remembering that big moves by the word's reserve currency can send ripples through global financial markets.
The Canadian dollar strengthened
on Friday against its U.S. counterpart, adding to this week's
gains as investors speculated that the coronavirus outbreak
would not cause long-lasting damage to ...
Brazil's real rose more than 1% against the dollar on Friday to chalk up its biggest rise since late November after the central bank intervened in the swaps market for the second straight day following the currency's slump this week to new lows. In late trading, the real was changing hands at 4.2940 per dollar, up 1.3% on the day.
Venezuelan President Nicolas Maduro said on Friday his decision to allow transactions in dollars in the crisis-torn South American country was "correct" and taken "in the midst of a war." Maduro, a socialist, accuses the United States of waging "economic war" on the OPEC nation through sanctions on its crucial oil sector.
The euro bounced against the
greenback on Friday as U.S. stocks declined from record highs,
though concerns about growth in the eurozone are expected to
keep weighing on the single currency.
The Canadian dollar rose on
Friday against its U.S. counterpart, adding to this week's gains
as the price of oil, one of Canada's major exports, rose on
hopes the coronavirus outbreak would ...
Brazil's real rose 1% against the dollar on Friday, on course for its biggest rise since mid-December after the central bank intervened in the swaps market for the second day in a row following the currency's slump to record lows earlier this week. The dollar fell as low as 4.3019 reais after the central bank's $1 billion sale of 20,000 foreign exchange swaps contracts.
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. Sterling held on to most of its overnight gains on Friday and was set for its biggest weekly rise in two months, as investors ramped up expectations the new British finance minister would unveil a more expansionary budget next month.
* Euro STOXX 600 hits record highs. * Prospect of government stimulus support shares globally. * Mainland China shares have recovered most of virus-caused losses. * Euro falls to 3-year low. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic on coronavirus https://tmsnrt.rs/3aIRuz7. By Tom Wilson.
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