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On Monday, the common currency dived in Asia because German Chancellor Angela Merkel told that she would meet the German president for the purpose of informing him that she hadn’t managed to form a coalition government with the Greens as well as the pro-business Free Democrats.
The given decision to meet President Frank-Walter Steinmeier, having the power to call a new election, points to the fact Merkel wouldn’t consider forming a minority government with the Greens after the FDP suddenly pulled out of the coalition negotiations.
The currency pair EUR/USD edged down 0.40% demonstrating an outcome of 1.1744.
The currency pair USD/JPY hit 112.5, soaring 0.05%, AUD/USD reached 0.7561, sliding 0.04%. As for the pair GBP/USD, it got to 1.3205, edging down about 0.07%.
Assessing the US currency’s strength against a basket of six key currencies, the US dollar index grew 0.26% trading at 93.85.
On Monday, the evergreen buck traditionally viewed as a safe-haven asset, went down in Asia after tension with China strengthened against the backdrop of everlasting worries surrounding Chinese technology company Huawei Technology…
On Monday, the prices of key crypto assets managed to surge in Asia due to the fact a Winklevoss-backed crypto exchange is braced for trading Bitcoin Cash, while Venezuela told that it would trade crude via its digital coin…
On Friday, the evergreen buck declined versus its major counterparts because dismal jobs report did little to affect expectations the key US bank might rein in rate lifts…
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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