USD/BRL: the Brazilian currency just lost 7% of value to the USD
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Evergreen buck surges, UK pound dives
On Friday, the evergreen buck managed to inch up versus its primary counterparts. At the same time, Britain’s major currency proceeded with its decline in the face of everlasting Brexit worries.
Tracking the American dollar’s purchasing potential against a number of its major rivals the USD index climbed up by up to 0.40% coming up with an outcome of 93.84.
Besides this, earlier in the week, the world’s number two economy, China told that it’s on the verge of imposing fresh duties on American products worth about $60 billion on September 24. The fresh levies happened to be a response to American ones slapped on Monday - 10% on $200 billion in China’s products, which are scheduled to extend to up to 25% at the end of 2018.
Besides this, the evergreen buck managed to rally versus the safe-haven Japanese yen. The currency pair USD/JPY ascended by 0.11% ending up with 112.60 notwithstanding Japan’s inflation that unexpectedly hit a seven-month maximum.
The UK currency headed south to an intraday minimum after UK Prime Minister Theresa May told that the EU and Britain were at an impasse in Brexit talks, thus generating new worries of a no-deal Brexit. Prime Minister told that negotiations froze after the European bloc rejected Britain’s offers without providing an alternative.
European countries along with the British Parliament are expected to approve any pact before the March 29, which is the official exit date.
The currency pair GBP/USD inched down by 1.43% trading at 1.3071.
The currency pair EUR/USD slumped by 0.29% hitting 1.1742 because of a higher greenback as well as data, which disclosed that the eurozone manufacturing PMI appeared to be lower than anticipated.
The currency pair AUD/USD lost 0.16% reaching 0.7280. As for NZD/USD, this pair added 1.04% trading at 0.6679 following Moody's had the country’s AAA rating reaffirmed.
Similar
CHF: losing value
USD/CHF and EUR/CHF rose to tactical highs. What's next?
USD/MXN: optimistic on the vaccine coming?
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
Latest news
BTC skyrocketed as first crypto exchange goes public!
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
Will US inflation push USD further up?
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
USD, gold, Alibaba and more on April 12
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!
Deposit with your local payment systems
