Evergreen buck heads south on inflation data
On Wednesday, the evergreen buck went down…
Aussie rebounds on expected wage surge
On Wednesday, the Australian dollar rebounded following sturdy wage price data.
The currency pair AUD/USD hit 0.7834, rising 0.15%, while USD/JPY showed 110.65, sliding 0.01%.
The US dollar index, tracking the US dollar’s strength versus a trade-weighted basket of six crucial currencies, didn’t change, demonstrating 93.75.
Overnight, the US currency traded higher versus a basket of global currencies, underpinned by retail sales data, which topped predictions, hinting at a rebound in consumer spending, driving expectations of firm economic surge in the second half of 2017.
On Tuesday, the Commerce Department told that the previous month retail sales went up 0.6%. It turned to be the largest revenue for seven months, concluding four-consecutive months of lower than expected surge.
Safe-haven jitters kept easing, as North Korean state media posted on Tuesday that leader Kim Jong Un had postponed his decision on launching missiles towards the American pacific territory of Guam. As follows from this his earlier threats might have been rhetorical.
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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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