On Friday, the greenback rallied because traders shifted their focus to the highly-anticipated Federal Reserve rate lift already next week, notwithstanding uncertainty over next year’s rate lifts kept gains in check…
British pound declines in Asia as markets wait for Brexit details
On Wednesday, the British pound dropped in Asia, as markets looked ahead to Britain’s formal move to start a split from the EU later in the day, an historic moment, which will see British Prime Minister Theresa May outline the end game on areas from defense cooperation to trade.
The currency pair GBP/USD dived 0.39%, trading at 1.2399.
The US dollar index, assessing the greenback’s actual value against a trade-weighted basket of six crucial currencies, inched up 0.06%, trading at 99.59.
The currency pair USD/JPY hit 111.21, soaring 0.04% after retail sales data in Japan demonstrated a lower than expected ascend of 0.1% from a 0.5% surge expected.
The currency pair AUD/USD soared 0.16%, being worth 0.7645.
Overnight, the greenback grew against a basket of key currencies, as traders shifted focus from Trump’s healthcare bill setback to positive economic data as well as bullish comments from Federal Reserve officials.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…