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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.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
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…
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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