Greenback adds in Asia as US tax cuts eyed

Greenback adds in Asia as US tax cuts eyed

On Wednesday, the major US currency leapt versus the Japanese yen with the focus on the probable unveiling of ambitious plans for American tax cuts later in the day.

The currency pair USD/JPY demonstrated 112.47, climbing 0.20%, AUD/USD lost 0.15% being worth 0.7874. Besides this, GBP/USD dived 0.12% showing 1.3443, and EUR/USD sagged 0.10% trading at 1.1781.

Estimating the greenback’s actual strength versus a trade-weighted basket of six crucial currencies, the US dollar index rallied 0.11% being worth 92.91.

Overnight, the greenback edged up versus a basket of key currencies because market participants were digesting Fed Chair Janet Yellen's comments reaffirming the major financial institution’s view that lifting interest rates gradually appears to be the most appropriate policy measure.

The currency pair EUR/USD went down as worries over the political fallout in Germany kept unrolling, putting pressure on the euro and pushing it to a one-month minimum.


Aussie and Kiwi stand still vs. weaker greenback

On Thursday, the Australian and New Zealand dollars were intact versus their American counterpart because the US currency moderately recovered from losses posted after the publication of the minutes of the Fed’s latest policy gathering…

Greenback hits two-month low vs. yen

On Thursday, the evergreen buck hit a two-month minimum against the Japanese yen, having dropped after the minutes of the Fed’s latest gathering disclosed that some Fed policymakers were really concerned about constantly low inflation…


promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later