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Yen ticks up after better-than-expected data

Economies.com
2020-07-30 19:53PM UTC

The Japanese yen tilted higher against most currencies on Thursday, after the release of better-than-expected economic data.

 

The data showed that the Japanese retail sales index fell only 1.2% in June, vs. forecasts of 6%, and a drop of 12.5% ​​in May.

 

Japan has reported an increase in coronavirus infections recently, which raised fears over a second wave of the deadly virus.

 

This came after the British government warned about a second wave of infections in European countries, in addition to a spike in infections at a record pace in Australia and some US states.

 

This raised fears over the return of the lockdown restrictions again, as the total number of infections surpassed 17 million cases worldwide.

 

As of 19:51 GMT, USD/JPY fell 0.1% to 104.8, after hitting a day high of 105.2 and a low of 104.8.

Gold ends lower after 9-day winning streak

Economies.com
2020-07-30 19:34PM UTC

Gold futures fell on Thursday, after a 9-day winning streak, which is the longest gaining streak since January, despite the US dollar's drop against most currencies and the release of weak economic data.

 

The advance reading of the US GDP showed a contraction of 32.9% in the second quarter.

 

Additionally, the weekly unemployment claims rose 12,000 to 1.434 million during the past week, compared to forecasts of 1.5 million.

 

The dollar index fell against a basket of currencies by 0.4% to 93.1 points as of 19:21 GMT, after it hit a high of 93.6 and a low of 93.04.

 

Gold August futures fell 0.6%, to close at $1,942.3 an ounce, after hitting a day high of $1,965.1 and a low of $1,930.

Corn closes higher, snaps 4-day losing streak

Economies.com
2020-07-30 20:22PM UTC

Corn prices rose on Thursday, for the first session in 5 amid, as the US dollar fell against most currencies, despite the favorable weather conditions in the US.

 

Meteorological agencies forecasts heavy rainfall in the Midwest states this week, which raised odds for increased agricultural crops supply, especially of corn.

 

The International Grains Council forecast that the US corn crop will increase to 380.8 million tonnes vs. 345.9 million in the previous season.

 

The dollar index fell against a basket of currencies by 0.5% to 92.9 points as of 20:10 GMT, after it hit a high of 93.6 and a low of 93.04.

 

Corn September futures rose 0.1% to close at $3.15 per bushel, after hitting a day high of $3.19 and a low of $3.15.

Silver closes over 4% lower despite weaker dollar

Economies.com
2020-07-30 19:58PM UTC

Silver prices fell on Thursday, despite the US dollar's drop against most currencies and the release of weak economic data that should have increased safe-haven demand for precious metals.

 

Data showed today that the US GDP contracted 32.9% during the second quarter, and the weekly unemployment claims rose 12,000 to 1.434 million during the past week.

 

The dollar index fell against a basket of currencies by 0.4% to 93.1 points as of 19:45 GMT, after it hit a high of 93.6 and a low of 93.04.

 

Silver September futures fell 3.9% or 96 cents, to close at $23.362 an ounce, after hitting a day high of $24.5 and a low of $23.

Frequently asked questions

What is the price of USD/JPY today?

The price of USD/JPY is $147.42 (2025-07-11 23:05PM UTC)