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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 Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
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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