* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. The yen was on the back foot while riskier currencies were supported on Tuesday on rising optimism following news U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary.
Brazil's real, which hit a record low in May and is down 30% against the dollar this year, has overshot, Economy Minister Paulo Guedes said on Monday, pegging its equilibrium level closer to 5.00 per dollar.
Brazil's Economy Minister Paulo Guedes said on Monday that the real's exchange rate, which hit a record low in May and has lost around 30% of its value against the dollar this year, probably overshot.
The Canadian dollar edged higher
against its U.S. counterpart on Monday as the latest news of
progress on a COVID-19 vaccine boosted investor sentiment, but
the loonie gave back much of its earlier ...
Latin American stocks rose on Monday,
while currencies retreated from initial gains as progress
towards a coronavirus vaccine bolstered hopes for economic
activity to return to pre-pandemic levels.
* Pound hits 2-1/2-month high vs dollar. * Forecast-beating PMIs support sterling. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv.
The dollar bounced off an
almost three-month low against a basket of currencies hit on
Monday following optimism over another COVID-19 vaccine as the
index approached a technical support level that ...
The Mexican peso strengthened below 20
per dollar on Monday for the first time since early March as
further positive updates on COVID-19 vaccines boosted appetite
for Latin American assets.
The Canadian dollar strengthened
against its U.S. counterpart on Monday as the latest positive
update by a major drugmaker on the development of a COVID-19
vaccine boosted investor sentiment, with ...
* AstraZeneca (AZN) vaccine news drives risk-on approach. * Australia eases lockdowns, U.S. vaccines in sight. * Stocks hit record highs https://tmsnrt.rs/3nUxlfj. * EM FX no longer split by U.S. election https://tmsnrt.rs/3lVcw2w. By Lawrence White and Andrew Galbraith.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
