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On Monday, the major US currency declined to its lowest value against the Japanese yen since late November in Asia on heightened political risk worries as a Republican-controlled Congress as well as presidency are actually in focus to deliver on economic plans for tax drops and spending following a failed attempt to reform healthcare.
The US dollar index, tracking the greenback’s actual value against a trade-weighted basket of six crucial currencies, dived 0.47%, trading at 99.12.
In Japan, the corporate services price index inched up 0.8% year-on-year, thus ruining an expected 0.5% surge.
The currency pair USD/JPY showed 110.36, sliding 0.91%, AUD/USD hit 0.7624, standing still.
Meanwhile, Prime Minister Theresa May is going to set out how her government intends to restore sovereignty over the UK’s laws on Thursday, releasing a detailed paper on ceasing the supremacy of EU lawmakers.
The currency pair GBP/USD hit 1.2520, jumping 0.38%.
On Tuesday, the evergreen buck went down to the lowest value of the day versus its key rivals ahead of a highly-anticipated two-day Fed gathering starting later on Tuesday…
The Federal Reserve is anticipated to be one of the most aggressive major central banks when it gets to the monetary policy…
Coming off the best trading marathon for crypto assets since late July, the world’s number one crypto currency, Bitcoin headed south on Monday…
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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