Evergreen buck goes down as traders wait for Fed verdict
On Tuesday, the evergreen buck slumped due to the fact that market participants waited for news from the key US bank’s latest policy gathering…
American dollar fluctuates close to 14-month lows
On Tuesday, the US currency was fluctuating close to 14-month minimums versus a currency basket, having tumbled for a fifth consecutive month in July, demonstrating its longest losing marathon since 2011.
Tracking the US dollar’s value versus six crucial counterparts, the US dollar index traded at 92.8, having dropped to 92.64 on Monday, showing its weakest outcome since May 2016.
In July, the index sank 2.88%, which is its fifth straight monthly sag as well as the largest monthly percentage tumble since March 2016.
Deepening political turmoil in in the USA along with weakening expectations for a third rate lift by the major US bank in 2017 have weighed on the greenback.
The greenback remained on the defensive after Friday’s data disclosed that notwithstanding American economic growth accelerated during the second quarter wage surge and inflation were still sluggish.
Evidently, the subdued inflation outlook has lifted doubts over whether the key US bank will be able to proceed with its planned tightening initiative.
The greenback traded close to one-and-a-half month minimums versus the Japanese yen, with USD/JPY being worth 110.19.
EUR/USD slid 0.16% showing 1.1821, having reached a two-and-a-half year maximum of 1.1845 overnight.
Similar
Bitcoin heads north above $3,500
On Tuesday, crypto assets managed to leap due to the fact that Bitcoin inched up to $3,500, still demonstrating an enormous gap between last year’s mind-blowing reading of $20,000…
Greenback stays below 19-month maximums with Fed in focus
On Monday, the evergreen buck was intact staying below 19-month maximums versus a group of its primary rivals…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
