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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 Monday, the greenback kept soaring against the euro, yen as well as many other currencies amid the easing of fears of a trade conflict between China and the United States and a soar in the yield of US Treasuries…
On Friday, the US dollar slumped against the common currency during Asia trade after a moderate soar the day before…
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On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
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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