Greenback drifts away from three-week peak against yen

Greenback drifts away from three-week peak against yen

On Thursday, the evergreen buck eased against the Japanese yen as a recent soar tied to bets on another American interest rate lift this year lost steam. Meanwhile, the New Zealand dollar tacked on after its major bank stopped short of persistently trying to talk down the national currency.

The New Zealand dollar appeared to be the big mover during Asian trade, ascending 0.4% on the day to $0.7248, moving back in the direction of a four-month high of $0.7320 set the previous week.

The Kiwi inched up after New Zealand's key financial institution played down the recent surge in the national currency, while keeping interest rates intact at record minimums as experts had widely expected.

The greenback dipped 0.2% versus the Japanese yen, reaching 111.15, drifting away from a three-week peak of 111.79 yen demonstrated on Tuesday.

The US 10-year bond yield is currently 209 basis points higher than its Japanese rival, compared to levels approximately 237 basis points observed in the early part of May.

Similar

British pound dives to day’s minimums on UK inflation data

On Tuesday, the British pound went down to the day’s minimums versus the evergreen buck due to slowing inflation in December, which slowed for the first time for six months, hinting that the country’s cost of living squeeze relieved…

Aussie and Kiwi are at 4-month peaks vs. weaker US dollar

On Monday, the Australian and New Zealand dollars were keeping to four-month maximums versus their American rival because the broadly stronger common currency kept weighing heavily on the US currency notwithstanding Friday's mostly positive American data…

Popular

Japan real wages surge is slowest in almost two years

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…

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