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On Thursday, Asian currencies kept rising versus the greenback, after Fed Chair Janet Yellen suggested the major US bank will hold the course on monetary policy, while political concerns in America didn’t fade away.
In Asia, the Japanese yen stood still versus the American currency as of mid-morning. The currency pair USD/JPY soared 0.04%, hitting JPY113.18, still reviving from multi-month minimums hit the previous week.
Meanwhile, the Chinese Yuan decreased 0.04% versus the greenback at 6.7852.
The greenback declined versus the Korean won 0.73%, trading at 1,136.82. As for the Thai baht, it gained 0.02% being worth 33.944, while the Taiwan dollar surged 0.12%, showing 30.309. On Tuesday, all three currencies had reported some of the biggest revenues versus the US currency.
The previous week, the greenback grew versus a basket of other key currencies after data unveiled that the American economy added up to 222,000 jobs the previous month, which is more than expected, and figures for April and May were also revised for the better.
On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed sentiment…
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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