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On Tuesday, the evergreen buck managed to trim profits versus its opponents, suppressed by a steep ascend in the UK currency on renewed expectations for a breakthrough in Brexit negotiations.
Gauging the greenback’s purchasing potential versus its main opponents the USD index surged by 0.02% demonstrating a reading of 95.43.
A rally in the UK pound put the evergreen buck on the back foot as investors welcomed a report telling that the EU and Britain demonstrated progress in Brexit negotiations weeks before the decisive EU Summit in October.
The European bloc and the United Kingdom were probably close to coming to a compromise as to divorce terms already on Monday, although some differences on the Ireland border were still an issue, as Dow Jones Newswire informed, referring to diplomats. The United Kingdom and the European Union are reportedly doing their best to agree on an outline of a future trade pact by November.
As a matter of fact, the currency pair GBP/USD managed to head north by up to 0.3% demonstrating a reading of $1.3129 having declined to $1.3033 intraday.
Eventually the rosier backdrop for Brexit negotiations is going to be enough to keep the UK currency bid for now, as some financial analysts pointed out.
The currency pair EUR/USD slumped by about 0.12% hitting $1.1478 because lingering worries over the budget issue between the European Commission and Italy kept the common currency on the back foot.
The currency pair USD/CAD went down by 0.05% reaching C$1.2958 because soaring crude prices backed the oil-price-sensitive Canadian dollar.
The currency pair USD/JPY went down by 0.12% trading at Y113.08 because US-Japan bond yield differentials were seen narrowing, backing Japan’s currency after the 10-year US Treasury yield rebounded intraday from a fresh seven-year maximum above 3.25%.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
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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