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On Monday, the common currency managed to ascend, getting closer to the previous week's maximum for three weeks before the ECB gathering to be held this week. The evergreen buck rallied versus the major Japanese currency, as traders neglected geopolitical risks for a while.
The currency pair EUR/USD pair soared by 0.34% coming up with 1.1810. For the last week, this currency pair tacked on by 0.92%.
Demand for the euro is still high ahead of the ECB gathering on Thursday. Financial analysts foresee that as a result of this gathering, the European Central Bank is going to signal about the exact timing of completion of its financial incentive initiative.
The evergreen buck managed to win back the previous dive versus the Japanese yen. The currency pair USD JPY soared by 0.41% being worth 109.99 after the minimum of 109.31 observed during the night trading.
At the weekend, market participants generally neglected geopolitical risks during the G-7 summit that was held in Canada.
US leader Donald Trump didn’t want to have a communiqué signed following the G7 summit. What’s more - he had a conflict with Canadian Prime Minister Justin Trudeau, accusing him of spreading fake statements. Moreover, he didn’t like that the rest of the world treats the United States as a big piggy bank.
Market participants are hoping for a big breakthrough before the historic negotiations between US leader and North Korean dictator Kim Jong-no in Singapore burst out.
The US dollar index, employed to estimate the purchasing power of the American currency versus the group of six key currencies, dipped by 0.14% trading at 93.42.
Additionally, the UK pound rallied against the evergreen buck. The currency pair GBP/USD added 0.15% being worth 1.3428.
The pair USD/CAD soared by 0.32% hitting 1.2966.
On Tuesday, the evergreen buck bounced off a one-month minimum versus Japan’s currency because a selloff in global stocks relived, while the New Zealand dollar managed to surge after positive inflation data overnight…
On Monday, Bitcoin managed to surge steeply right after a credit scare on a key cryptocurrency exchange generated a rush for the number one crypto asset…
On Monday, the evergreen buck slipped due to the fact that US retail sales data for September missed analysts’ hopes, and as benchmark American Treasury yields stabilized after the previous week reaching their highest value for seven years…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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…
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