On Friday, the evergreen buck managed to gain in Asia, with the common currency and the British pound tumbling on worries over Brexit. Additionally, the markets looked for signs Donald Trump might soon point to the next Fed chief.
The currency pair USD/JPY hit 113.26, adding 0.64%, AUD/USD showed 0.7838, declining 0.52%. Besides this, EUR/USD went down 0.34% being worth 1.1812, GBP/USD relieved 0.36% trading at 1.3112.
As for the US dollar index, traditionally gauging the American currency’s strength against a trade-weighted basket of six rivals, it leapt 0.35% trading at 93.34.
As reports suggest, UK Prime Minister Theresa May is actually foundering in negotiations with EU leaders as well as her own party in shaping Britain’s exit from the EU, although she was backed by German Chancellor Angela Merkel.
Overnight, the evergreen buck sank abruptly, contributing to earlier losses, reacting to a sag in bond yields after a report hinted that Fed Governor Jerome Powell is actually leading the race to become next Fed Chair after Janet Yellen.
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…
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
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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