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On Monday, the Australian dollar gave up some early revenues as China’s GDP came in better than expected a for the first quarter and the greenback sagged on a trade-weighted basis as American Vice President Mike Pence headed to the ceasefire line on the Korean peninsula dubbed the de-militarized zone or DZB for short.
The currency pair AUD/USD hit at 0.7586, ascending 0.11% with markets in Australia unavailable for Easter Monday. The currency pair USD/JPY reached 108.26, slumping 0.36%.
The US dollar index, measuring the greenback’s actual value against a trade-weighted basket of six main currencies, tumbled 0.21%, showing 100.28, which is close to a five-month minimum.
The previous week, the vast majority of key markets were unavailable for Good Friday, with the major American currency up against a basket of key currencies on Thursday, thus mounting a revival from its tumble in the previous session and following Trump’s statement that the greenback was too strong, while mostly positive economic data drove market sentiment.
On Friday, the evergreen buck drifted away from a 11-month maximum against the group of its key rivals due to the fact that market participants recorded gains after the greenback’s leap…
On Thursday, the evergreen buck kept to an 11-month maximum versus the group of major currencies…
On Wednesday, the UK currency approached a seven month minimum because Prime Minister Theresa May’s government had another crucial vote on Brexit…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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