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On Tuesday, the evergreen buck along with the common currency moved up versus the Japanese yen, spurred by diverging outlooks for economic surge as well as tighter monetary policy.
The euro ascended versus the Japanese yen, with EUR/JPY hitting 123.95, which is not far from the one-year high of 124.61 reached on Monday in the aftermath of Emmanuel Macron’s persuasive victory in the French presidential election.
Macron’s win indicated that political risks in France as well as across Europe are definitely receding, in the wake of the populist soar that resulted in Brexit and also propelled Trump to the White House.
Demand for the euro kept being backed by indications of an improving economic outlook in the EU and as concerns over political risk relieved.
According to recent economic reports, the economic revival in the euro area is currently gaining momentum, and it’s supposed to give the ECB more room to tighten monetary policy before the end of 2017.
EUR/USD decreased 0.27%, reaching 1.0894, having achieved 1.1021 on Monday, which is the highest value since early November.
On Thursday, the major US currency kept bargaining near a 13-month maximum because the political downtime in Turkey receded, while worries as for China's economic health kept backing safe-haven assets…
On Wednesday, the evergreen buck rose to its highest value for over a year because a crisis in the Turkish lira, which affected emerging markets, drove demand for the US dollar as a safe-haven asset…
On Tuesday, the common currency kept to a one-year minimum versus the evergreen buck and the Swiss franc…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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