Evergreen buck is nearly intact
On Friday, the evergreen buck was nearly intact in Asia having traded a bit higher earlier in the day in the face of upbeat mood of progress in China-US trade negotiations…
Broadly weaker greenback hovers at 32-month minimum vs. counterparts
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.
Similar
Bitcoin stands still, fluctuating within medium-term band
On Thursday, crypto assets generally traded sideways…
Evergreen buck soars on dismal EU outlook
On Wednesday, the evergreen buck tacked on versus the common currency due to the fact the euro was suppressed by fears about the euro zone economy…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
Deposit with your local payment systems
