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On Monday, the Australian dollar ascended further in Asia, and the evergreen buck kept an edge on the Japanese yen with construction data for July backing views in Australia as well as decent FX reserves in Japan seen.
The currency pair AUD/USD hit 0.7945, soaring 0.20%, USD/JPY reached 110.74, jumping 0.04%.
The AIG Construction index leapt to 60.5 in July versus June’s reading of 56.0. Japan posted its July’s foreign reserves data with $1.260 trillion versus $1.250 trillion in June.
The US dollar index, which estimates the US dollar’s value versus a basket of six main currencies, dived 0.11% hitting 93.27.
The previous week, the greenback went up versus a basket of the other key currencies, underpinned by a steady American jobs report for July as well as comments by a Trump administration official as for tax reform.
As the Labor Department informed on Friday, the American economy managed to generate up to 209,000 jobs the previous month, surpassing expectations for a 183,000 gain, while the unemployment rate sagged to 4.3%.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
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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