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On Tuesday, the US currency stood tall, moving to a one-month peak versus the Japanese yen as market participants waited to see if Fed Chair Janet Yellen would stick to her upbeat economic outlook at an event later in the world session.
She’s expected to participate in a discussion on global economic questions at London's Royal Academy, and it’s seen probably to stick to her upbeat views on the American economy notwithstanding a recent bunch of poor American economic data, backing the Fed's forecast of increasing interest rates once more in 2017.
Early on Tuesday, the selling helped the greenback to hit a fresh one-month peak of 111.95 yen. Last it traded 111.94 yen, up 0.1%.
However, Monday’s American data provided investors with a reason to be cautious over purchasing the US currency. New orders for major American-made capital goods suddenly dipped in May and shipments sagged too, hinting at a loss of momentum in the manufacturing sector about halfway through the second quarter.
The evergreen buck came off Wednesday’s peak in Europe trade, although it’s still firm enough against the backdrop of the news telling that the American economy still demonstrates decent strength…
The United States will publish the level of quarterly advance GDP growth on April 26, at 15:30 MT time.
On Thursday, the common currency nursed losses versus the evergreen buck having slumped to a 22-month minimum on a shocking dive in a leading gauge of economic activity in Germany, boosting fears a deceleration in the EU’s number one economy…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
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…
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