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On Wednesday, the American dollar was fluctuating close to 15-month minimums versus a currency basket because traders shifted their attention to major economic events this week, especially Friday’s American jobs report for July.
The US dollar index was worth 92.83, having declined to 92.64 on Tuesday, which is its lowest reading since May 2016.
The evergreen buck has been suppressed by a bunch of concerns over political turmoil in the US, not to mention recent dismal economic reports that have spurred doubts over the future pace of policy tightening by the key US bank.
The greenback had been underpinned by the Fed's gradual policy tightening since 2015, although the prospect that other key financial institutions might join it in tightening monetary policy has also contributed to dollar weakness.
Versus the Japanese yen, the greenback grew, with USD/JPY soaring 0.31% hitting 110.69, drifting away from its seven-week minimum of 109.92 demonstrated on Tuesday.
On Friday, the evergreen buck edged up against the backdrop of ascending American Treasury revenues to February’s values as well as forecasts of interest rate hikes that turned out to be more important than fears of a probable trade conflict…
On Friday, the British pound traded near two-week minimums against the evergreen buck after comments by the head of the Bank of England as well as the publication of weak data on retail sales in the United Kingdom, while the Japanese yen went down amid a…
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On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election…
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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