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On Tuesday, the British pound ascended to 10-month peaks versus the broadly weaker American dollar after data unveiling that British factory surge rebounded in July on the back of a soar in fresh exports.
The currency pair GBP/USD reached 1.3239 - the most impressive reading since September 2016.
As financial data company Markit informed, its manufacturing purchasing managers' index inched up to 55.1 from June’s downwardly revised reading of 54.2, which outperformed experts’ forecasts for an outcome of 54.4.
The leap was powered by foreign demand for British goods that grew by the fastest rate since the all-time maximum in April 2010.
The rate of job creation happened to be among the best recorded for the last three years, as Markit stressed.
The greenback was wallowing close to 14-month lows versus a currency basket having declined for a fifth consecutive month in July, contributing to its longest losing marathon since 2011.
On Wednesday, the evergreen buck rose to its highest value for over a year because a crisis in the Turkish lira, which affected emerging markets, drove demand for the US dollar as a safe-haven asset…
On Tuesday, the common currency kept to a one-year minimum versus the evergreen buck and the Swiss franc…
On Monday, the evergreen buck managed to rally versus its rivals, although profits were tamed because the common currency went down from a 13-month minimum notwithstanding another rout in Turkey’s currency…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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