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On Wednesday, the Australian dollar held slight revenues in Asia, after China posted better than expected industrial output. Additionally, market participants waited for fresh clues from the latest Fed policy review.
The currency pair AUD/USD demonstrated 0.7539, rising 0.03%, while USD/JPY hit 109.95, sliding 0.09%.
China posted that industrial output for May inched up faster than expected 6.5% on year. As for retail sales, they earned too, outperforming the expected 10.7%, while fixed-asset investment didn’t manage to surpass the expected 8.6%.
Meanwhile, New Zealand informed that its current account for the first quarter faced a deficit of about NZ$8.13 billion, which is wider than the deficit of NZ$7.28 billion observed and from NZ$7.11 billion last year.
The currency pair NZD/USD reached 0.7220, standing still.
The US dollar index, estimating the greenback’s value versus six leading currencies, dived 0.07%, trading at 96.90.
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
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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