Time to buy the world’s worst currencies
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Aussie earns further in Asia
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%.
Similar
Pound dropped as Boris Johnson’s health got worse
UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
Employment data may make the USD volatile
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
Latest news
US FED: coming to rescue
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
Time to buy the world’s worst currencies
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
What moves the market on April 9?
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N
Deposit with your local payment systems
