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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 slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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