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On Friday, the evergreen buck kept hovering at 32-month minimums versus other key currencies because the European Central Bank's latest policy statement ensured broad support to the common currency. At the same time dismal US data worsened optimism over the strength of the American economy.
The currency pair EUR/USD soared 0.50% being worth 1.2083, which is the highest outcome since January 2015.
The single currency tacked on after the ECB left interest rates intact exactly as expected and indicated that information on the tapering of the key bank's asset-purchase program would be unveiled in October.
ECB Governor Mario Draghi added that the outlook for surge and inflation in the euro zone was still intact.
Meanwhile, the evergreen buck was pressured after the US Labor Department posted on Thursday that initial jobless claims tacked on more than anticipated hitting 298,000 the previous week.
USD/JPY sagged 0.65% reaching an 11-month minimum of 107.74.
On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
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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