Evergreen buck steadies
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
Euro reaches one-week maximum on hawkish comments
On Tuesday, the common currency demonstrated a one-week maximum because market participants added trading positions on a hawkish overnight statement by a policymaker, which reaffirmed bets the euro zone economy's outlook is still firm enough.
The euro’s ascend in 2017 has lost some momentum for the last days because political concerns – mainly Spain's Catalan crisis - have gone up pushing the common currency down versus the evergreen buck more than 3% for the last month.
However, on Tuesday, it bounced almost 0.4% hitting $1.1789, which is its highest outcome since October 2. It occurred after overnight comments from a member of the European Central Bank executive board, Sabine Lautenschlaeger, calling for the EU’s major financial institution to roll back asset purchases next year.
Market sentiment was also backed by upbeat data from Germany. In August, this country’s industrial output demonstrated its biggest monthly ascend for more than six years, as data disclosed on Monday.
Similar
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
Japanese yen tacks on as China surge decelerates
On Monday, the Japanese yen managed to rally versus the evergreen buck due to the fact that market participants digested the latest signs of a deceleration in China after data showing a dive in fourth quarter surge…
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
