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On Friday, the American dollar went down versus other key currencies, drifting away from a recent two-week peak as market participants were preparing for a fresh storm of American data due later in the day, right after upbeat economic reports underpinned US optimism.
The currency pair EUR/USD went up 0.30%, trading at 1.1179, bouncing off last session’s two-week dip of 1.1130, after the IMF along with the euro zone's 19 finance ministers underpinned a payout of €8.5 billion to Greece for the purpose of averting another debt crisis.
The evergreen buck gained broadly after the publication of encouraging data on American initial jobless claims and on manufacturing activity in the Philadelphia as well as New York areas.
The data arose just a day after the Fed lifted interest rates in a highly anticipated move.
The currency pair USD/JPY soared 0.34%, trading at 111.30, while USD/CHF lost 0.25%, being worth 0.9728.
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
On Monday, crypto assets stood still…
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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