Greenback adds in Asia as market shrugs off NKorea

Greenback adds in Asia as market shrugs off NKorea

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.

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