Evergreen buck stands still before Fed minutes

Evergreen buck stands still before Fed minutes

On Wednesday, the greenback was intact versus a basket of the other crucial currencies after backing away from nearly seven month minimums, while China’s Yuan dropped after the country’s credit rating was reduced.

The U.S. dollar index, tracking the American currency’s strength versus a trade-weighted basket of six leading currencies, hit 97.32.

On Monday, the index reached 96.83, which is the lowest outcome since November 9. It gave up all the revenues it had made following the American presidential election in November amid worries surrounding the Trump election campaign's hypothetical links with Russia.

The greenback reached a one-week peak versus the Japanese yen, with USD/JPY soaring 0.16%, being worth 111.94.

The currency pair EUR/USD hit 1.1177, off the six-and-a-half month peaks of 1.1267 achieved on Tuesday.

The British pound grew, with GBP/USD hitting 0.13% and getting to 1.2974.




US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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