Greenback dives in Asia on Fed rate views

Greenback dives in Asia on Fed rate views

On Thursday, the evergreen buck sagged in Asia because Fed minutes unveiled an increased debate about another rate lift in 2017 as well as the political backlash against Donald Trump's recent remarks on racist confrontations in Virginia definitely put pressure on the US currency.

The US dollar index, estimating the greenback’s value versus a trade-weighted basket of six crucial currencies, dived 0.16% trading at 93.26.

The currency pair USD/JPY reached 109.78, descending 0.37%, AUD/USD hit 0.7937, heading north 0.15%.

Meanwhile, Japan posted July’s trade balance figures with a surplus of about ¥492 billion, which is wider than the expected ¥392 billion, along with a 16.3% profit in imports, a bit weaker than the 17% revenue observed, and a 13.4% soar in exports, missing the 13.6% soar seen.   

In Australia, the employment change demonstrated +27,900 jobs in July, surpassing 20,000 jobs actually expected for an unemployment outcome of 5.6% as observed.

Similar

Bitcoin futures overleap $18,000

On Monday, the world’s craze for cryptocurrencies entered a fresh chapter as bitcoin futures shockingly ascended by one-fifth of their market value at a closely-monitored launch…

Greenback adds in Asia as markets look to Fed

On Monday, the evergreen buck managed to grow in Asia because financial markets looked ahead to the Fed this week – the key US bank is generally anticipated to have its rates lifted…

Greenback is at 2-1/2 week maximums

On Friday, the US currency was hovering over a two-and-a-half week maximums versus other key currencies, amid mounting optimism as for a crucial US tax reform plan…

Popular

Bank of Canada Meeting

The Bank of Canada will publish its rate statement at 17:00 MT time on December 6…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera