Greenback adds versus counterparts after ‘Triple Threat’

Greenback adds versus counterparts after ‘Triple Threat’

On Friday, the evergreen buck soared versus other key currencies because financial markets were still digesting ex- FBI director James Comey’s testimony and also waiting for the final results of the British election.

The currency pair EUR/USD was nearly intact, keeping to a two-and-a-half week minimum of 1.1213.

In Thursday’s testimony to a Senate committee Comey accused Donald Trump of sacking him in an attempt to undermine his investigation into probable collusion by the Trump campaign team with Russia's hypothetical efforts to impact the 2016 presidential election.

The common currency went down broadly after on Thursday the European Central Bank downgraded its forecast for inflation this year to about 1.5%, compared to 1.7% in March.

The prediction arose after the major bank left interest rates intact in a widely anticipated move.

Meanwhile, the currency pair USD/JPY inched up 0.26%, being worth 110.17.

 

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