Bitcoin surged by more than a fifth on Friday amid high volatility across rebounding global markets, reversing some of its heavy losses from a day earlier but still leaving the cryptocurrency down nearly 30% since the start of the week.
Sterling tanked to five-month lows on Thursday, weighed down by worsening market turmoil after U.S. President Donald Trump slapped restrictions on travel from Europe and European Central Bank stimulus measures fell short of expectations.
The dollar edged down on Wednesday amid signs central bank measures were beginning to ease some of the funding squeeze, although it retained most of its whopping overnight gains on mounting fears about the fallout from the coronavirus crisis.
The U.S. dollar surged on Tuesday as companies and investors sought out the most liquid currency on concerns about economic shutdowns from the global spread of the coronavirus.
The euro weakened on Thursday, as investors were unimpressed by the European Central Bank's stimulus measures to fight the economic fallout from the coronavirus outbreak, with investors flocking to the safe-haven dollar after the Federal Reserve said it will inject liquidity...
The U.S. dollar dropped on Wednesday against the Japanese yen and Swiss franc, in line with the stock market's plunge, as fears over the spreading coronavirus pushed investors into safe havens, even as sterling fluctuated between gains and losses after the Bank of England...
Sterling clung to most of its earlier gains on Wednesday after the British government unveiled a 30 billion pound ($39 billion) economic stimulus plan, hours after the Bank of England slashed interest rates to lift the struggling economy.
Sterling fell against the euro on Wednesday but stayed steady against the dollar after the Bank of England cut interest rates by 50 basis points to 0.25%, in its first emergency since the global financial crisis more than a decade ago.
The dollar posted sharp gains on Tuesday against the safe-haven Japanese yen and Swiss franc, rebounding from the prior day's huge losses, as investors hoped global monetary policymakers will launch further stimulus plans to ease the economic impact of the coronavirus outbreak...
Sterling fell on Tuesday, unwinding most of its gains notched up in the previous session, thanks to a broad dollar rebound on expectations that the White House will unveil a fiscal stimulus package to limit the economic damage wrought by the coronavirus.
The safe-haven yen and Swiss franc surged on Monday, as risk appetite plummeted after a 30% crash in oil prices and tumbling stock markets panicked investors and sent currency prices swinging wildly.
Sterling gained further against a sinking dollar on Monday, rising to a one-month high, as coronavirus fears and a slump in oil prices roiled world markets.
The Japanese yen leapt 1.6% to a more than three-year high on Monday as the widening reach of the coronavirus sent investors scrambling for safety, while oil-exposed currencies plunged after Saudi Arabia slashed its selling price.
The U.S. dollar fell across the board on Friday, posting its biggest weekly loss in four years, as a sharp drop in U.S. government bond yields hurt the greenback's appeal.
Sterling extended gains against a broadly weaker dollar on Friday, and was also boosted by comments from the European Union's Brexit chief negotiator that a trade deal between Britain and the bloc was still possible this year.
The a measure of one-month euro-dollar price swings on Friday hit its highest since November 2018 as coronavirus fears trigger increased volatility across global markets.
The U.S. dollar slipped to a fresh eight-week low as U.S. benchmark 10-year Treasury yields fell to new troughs and traders bet the U.S. Federal Reserve will cut interest rates further, after slashing them by 50 basis points this week in an emergency move to shield the economy...
Sterling hit its highest level in a week to the dollar on Thursday as expectations waned for an immediate Bank of England rate cut to follow this week's emergency move from the U.S. Federal Reserve to contain coronavirus damage.
Monetary policy easing in the United States fuelled by worries about the economic impact of the coronavirus is endangering the dollar’s years-long rally and giving a boost to currencies around the world.
The dollar recovered lost ground against a basket of currencies on Wednesday, a day after an emergency interest rate cut by the Federal Reserve knocked the U.S. currency to an eight-week low.
Sterling headed for its best day against the euro in two weeks and inched up from four-and-a-half-month lows against the dollar on Wednesday, as incoming Bank of England Governor Andrew Bailey said action could be needed to offset the effects of the coronavirus.
The dollar fell to a five-month low versus the yen after an emergency 50 basis point cut in interest rates by the U.S. Federal Reserve was deemed insufficient to offset downside risks posed by the global spread of the coronavirus.
The U.S. dollar fell across the board on Tuesday after the U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.
Investors have turned their most bullish on the euro since November 2016, with the Federal Reserve's Tuesday interest rate encouraging some to price in further gains against the dollar.