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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 Thursday, the major US currency kept bargaining near a 13-month maximum because the political downtime in Turkey receded, while worries as for China's economic health kept backing safe-haven assets…
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…
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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