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On Tuesday, the Australian dollar held weaker in Asia, following the major bank minutes of the June gathering meeting, which demonstrated some risk scope on housing.
The currency pair AUD/USD reached 0.7588, sinking 0.14%. As for USD/JPY, this currency pair hit 111.68, soaring 0.13%.
Assessing the US dollar’s value versus six crucial currencies, the US dollar index descended 0.03%, demonstrating 97.20.
Overnight, the American currency grew to session peaks versus crucial currencies right after a top Fed official stoked hopes for an extra rate lift in 2017, telling that soaring wages would help to raise inflation closer to the Fed’s objective.
As expected, the major US financial institution lifted its key interest rate by 0.25% on Wednesday, thus dropping a hint at another rate hike later in 2017.
The greenback kept straightening versus the Japanese yen as traders continued fleeing safe-haven yen in the wake of the BOJ’s evident reluctance to taper emergency stimulus for the Japanese economy.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
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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