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 British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
On Tuesday, the evergreen buck declined ahead of congressional testimony by Fed Chair Jerome Powell that market participants are going to scrutinize for signs on the tempo of American interest rate lifts as well as risks coming from trade clashes…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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