Online Forex broker
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.
Tracking the greenback’s purchasing potential versus its main rivals the USD index went down by about 0.46% being worth 94.07.
American leader was generally anticipated to announce another 10% duties on $200 billion in China’s products, although some told that the administration decision to decrease levies had tame worries of a full-fledged trade conflict.
The fresh 10% duties are below an original reading of 25% imposed by the presidential administration earlier. Another round of duties shows up a week ahead of another round of trade negotiations between American and China. The Asian country pledged to come up with countermeasures if American proceeds with its initiative to impose levies.
The currency pair AUD/JPY managed to ascend by up to 0.36% being worth 80.45. At the same time USD/JPY dipped by about 0.07% trading at Y111.97.
Australia’s economy relies mostly on exporting raw materials, especially to China that accounts for nearly a third of Australian exports annually.
Market participants are still edge in the face of further trade clashes after Trump promised further levies on trade partners who are unable to make fair deals.
A stronger UK currency also kept the evergreen buck in the red because market participants appreciated reports of upbeat remarks on Brexit from the European Council.
The currency pair GBP/USD jumped by up to 0.60% trading at $1.3149.
The currency pair EUR/USD added by 0.59% showing $1.1691 in the face of in-line consumer inflation data as well as optimism Italy is going to deliver a budget within the EU guidelines.
The currency pair USD/CAD went down by 0.08%.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
