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On Tuesday, the Australian dollar sagged in early Asia, with no key regional data because market participants keep monitoring dollar weakness amid political turmoil in America.
The currency pair AUD/USD hit 0.7937, inching down 0.01%. Meanwhile, AUD/JPY reached 109.07, soaring 0.09%.
Estimating the greenback’s actual strength versus a basket of six main currencies, the US dollar index went down 0.39% being worth 93.00.
Overnight, the evergreen buck slumped versus global currencies amid a definite uptick in safe-haven demand, reacting to resumed geopolitical tension in the Korean Peninsula because US-South Korea military exercises already got underway.
The US currency lost ground versus safe-haven currencies, such as the Japanese yen as well as the Swiss franc after on Monday America and South Korea started their computer-simulated military exercises, potentially risking a reaction from Kim Jong Un, North Korean leader, who might consider such exercises as preparation for an invasion of his country.
On Thursday, the major US currency kept bargaining near a 13-month maximum because the political downtime in Turkey receded, while worries as for China's economic health kept backing safe-haven assets…
On Wednesday, the evergreen buck rose to its highest value for over a year because a crisis in the Turkish lira, which affected emerging markets, drove demand for the US dollar as a safe-haven asset…
On Tuesday, the common currency kept to a one-year minimum versus the evergreen buck and the Swiss franc…
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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