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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.
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On Friday, the evergreen buck moved down, as bond gains kept holding close to a one week maximum, while the common currency managed to tack on…
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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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