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On Monday, the evergreen buck gained a lot in Asia, with the market monitoring the progress of Donald Trump's first foreign visits as president with a bunch of deals signed in Saudi Arabia in the first stop. Additionally, traders shrugged off the weekend’s recent missile test by North Korea.
In Japan, the trade balance appeared to be weaker than expected, showing ¥482 billion for April, unlike a surplus of ¥521 billion observed.
The currency pair USD/JPY reached 111.57, rallying 0.28% after the data.
The currency pair AUD/USD slumped 0.19%, being worth 0.7447. As for GBP/USD, this pair dipped 0.32%, trading at 1.2993 after an opinion survey demonstrated the lead of conservatives reduction by half in a Survation telephone survey issued on Monday.
The previous week, the greenback resumed its descend on Friday. It notched its greatest weekly dip in almost a year because political turbulence around the Trump administration kept dominating market sentiment.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
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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