On Thursday, the evergreen buck clung to revenues versus the Japanese yen after Donald Trump's tax plan provided no fresh surprises, thus halting the greenback's soar, while the market waited for the ECB’s upcoming monetary policy verdict.
The Canadian dollar along with Mexican peso also lost steam on data that America’s actually considering withdrawing from the North American Free Trade Agreement.
The dollar index against a bunch of main currencies stood still, keeping to 98.931, having surged to 99.332 overnight.
The evergreen buck surged 0.15%, hitting 111.220 yen.
The major American currency had soared to a four-week peak of 111.780 yen overnight before the disclosing of Trump's tax reform plan, though it lost traction because it didn’t manage to excite market participants.
The common currency ascended 0.1%, trading at $1.0911.
By the way, the Mexican peso slid to a more than one-month minimum of 19.29 pesos per greenback overnight.
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
On Tuesday, the evergreen buck declined ahead of congressional testimony by Fed Chair Jerome Powell that market participants are going to scrutinize for signs on the tempo of American interest rate lifts as well as risks coming from trade clashes…
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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