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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.
On Tuesday, the evergreen buck bounced off a one-month minimum versus Japan’s currency because a selloff in global stocks relived, while the New Zealand dollar managed to surge after positive inflation data overnight…
On Monday, Bitcoin managed to surge steeply right after a credit scare on a key cryptocurrency exchange generated a rush for the number one crypto asset…
On Monday, the evergreen buck slipped due to the fact that US retail sales data for September missed analysts’ hopes, and as benchmark American Treasury yields stabilized after the previous week reaching their highest value for seven years…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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…
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