Mexico's peso recovered from steep
losses on Wednesday, while most other Latin American currencies
were muted as surging COVID-19 cases hurt appetite for
risk-driven assets.
The Canadian dollar weakened
against its U.S. counterpart on Wednesday as lower oil prices
offset domestic data showing a pickup in underlying inflation,
while investors awaited an interest rate ...
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. The U.S. dollar rose on Wednesday from a seven-week low hit overnight, as broad weakness in stock markets triggered by a resurgence of COVID-19 cases in countries from India to Japan fuelled renewed appetite for the safe-haven appeal of the greenback.
Turkish President Tayyip Erdogan said on Wednesday that an opposition political campaign inquiring over the sale of some $128 billion in the central bank's foreign reserves was "outright treason against the people of Turkey."
Emerging European assets were
mixed on Wednesday morning as global investors braced for a new
challenge from the COVID-19 pandemic, with Czech assets
successfully weathering a diplomatic storm with ...
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Julien Ponthus. Sterling held its ground against the dollar on Wednesday as traders assumed a rise in inflation in March would have little impact on monetary policy and waited for crucial activity and retail sales data due at the end of the week.
* The Turkish lira worst EMEA performer. * Putin speech awaited amid increased geopolitical tensions. * South African rand flat after inflation data. By Ambar Warrick. Emerging market stocks tumbled on Wednesday as a second wave of COVID-19 infections threatened further disruption in major economies, while Russia's rouble weakened ahead of a speech on economic growth by President Vladmir Putin.
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. The U.S. dollar firmed on Wednesday, rising from a seven-week low hit overnight, as broad-based weakness in stock markets triggered by a resurgence of COVID-19 cases in countries from India to Japan fuelled renewed appetite for the greenback.
The U.S. dollar rose on Wednesday from a seven-week low hit overnight, as broad weakness in stock markets triggered by a resurgence of COVID-19 cases in countries from India to Japan fuelled renewed appetite for the safe-haven appeal of the greenback. The safety bid also supported the Swiss franc and the Japanese yen as the outlook for the global economy soured.
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.
