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On Monday, the Australian dollar gave up its initial revenues in Asia, reacting to a better-than-expected Caixin PMI report from China.
As for the US dollar index, which normally tracks the American currency’s strength against six crucial currencies, it could only gain 0.09%, trading at 95.48.
The currency pair AUD/USD slid 0.17%, hitting 0.7676, USD/JPY showed 112.41, staying intact.
Meanwhile, in China Caixin's manufacturing PMI for June surpassed expectations, hinting the world's number two economy keeps defying hopes for a slowdown.
The private poll offered 50.4, thus marking a three-month peak. It definitely grew from May's outcome of 49.6 that was an 11-month minimum, and outperformed a Reuters survey forecast for 49.5.
The previous week the US currency steadied on Friday. Nevertheless, it concluded the trading week close to nine-month minimums amid hopes that several key financial institutions around the world are getting ready to join the Fed in tightening their monetary policies.
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…
On Monday, the evergreen buck managed to rally versus its rivals, although profits were tamed because the common currency went down from a 13-month minimum notwithstanding another rout in Turkey’s currency…
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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