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On Monday, the evergreen buck fluctuated close to three-year minimums versus a basket of crucial currencies, struggling to pull ahead from six straight losing weeks amid its fading yield advantage as well as doubts as for the US government’s commitment to a strong US dollar.
The dollar's index versus a basket of six key currencies was intact, sticking to 89.059, having dropped to 88.429 on Thursday - a three-year sink.
The previous week Steven Mnuchin, US Treasury Secretary gave the US dollar bears a powerful boost with a tacit endorsement of a tumbling dollar. While Donald Trump did his best to have those comments debunked, the damage had already taken place and the evergreen buck’s downturn since November demonstrated little sign of abating.
Against the Japanese yen, the US currency fetched 108.72 yen, which is its lowest result since mid-September, proceeding with its dive so far this month to more than 3%.
On Tuesday, the evergreen buck sank because Donald Trump expressed his strong disagreement with the Fed’s decision to have interest rates lifted…
On Monday, the UK pound inched down because the evergreen buck bounced off and market participants shifted their focus to impending negotiations that might decide whether the United Kingdom gets a trade deal with the European Union before it leaves the…
On Monday, the evergreen buck rallied versus a group of currencies, underpinned by hopes for trade negotiations that traders expect to relieve tensions between China and America…
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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