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On Monday, the Australian dollar sank further in Asia, with China posting faster than expected producer price revenues, and also demonstrating that inflation pressures are building in the Chinese economy which is a number one export destination for Australia.
The currency pair AUD/USD hit 0.7875, slumping 0.25%, USD/JPY reached 112.00, soaring 0.17%. As for EUR/USD, this currency pair showed 1.1807, declining 0.13%, and only GBP/USD stood still, sticking to 1.3284.
The US dollar index, gauging the US currency’s value against a basket of six crucial currencies, inched up 0.11% demonstrating an outcome of 93.02.
As China informed, September prices surged 0.5% versus a sudden 0.4% leap observed on month and also up 1.6% on year as anticipated, while PPI rallied 6.9% versus a sudden 6.3% profit.
This week, market participants will be looking at British housing data to evaluate the economic impact of the hurricanes that hit the southern US coast the previous month.
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…
On Monday, the Japanese yen managed to rally versus the evergreen buck due to the fact that market participants digested the latest signs of a deceleration in China after data showing a dive in fourth quarter surge…
On Friday, the evergreen buck was nearly intact in Asia having traded a bit higher earlier in the day in the face of upbeat mood of progress in China-US trade negotiations…
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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