Greenback descends versus yen

Greenback descends versus yen

On Thursday, the evergreen buck was just a touch lower versus the Japanese yen after reaching an eight-week peak overnight. Simultaneously, the New Zealand dollar slid after the country’s major bank repeated it would keep rates intact for a significant period.

The currency pair USD/JPY declined 0.1%, hitting 114.16, having reached a peak of 114.37 overnight, which is its strongest value since March 15.

The evergreen buck managed to steady versus its Japanese counterpart having dropped early Wednesday because Donald Trump’s sudden firing of FBI Director James Comey definitely piqued traders’ aversion to risk.

Nevertheless, demand for the major American currency kept being supported by expectations for a rate lift by the Fed next month. Financial markets are actually pricing in about an 80% likelihood of a lift at the Fed's June gathering.

The common currency edged up, with EUR/USD soaring 0.1%, being worth 1.0877.


US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

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