Greenback goes down in Asia on Trump

Greenback goes down in Asia on Trump

On Tuesday, the evergreen buck descended in Asia because financial markets digested the latest controversy in the Trump administration after the Washington Post suggested Trump might have given Russian diplomats secret details on Middle Eastern intelligence sources. Meanwhile, the Australian dollar held revenues after the publication of minutes.

The currency pair AUD/USD hit 0.7422, soaring 0.12%. Additionally, USD/JPY reached 113.54, descending 0.21%.

The Reserve Bank of Australia issued the minutes from its May gathering and also focused on the overheated housing market. The bank also paid attention to evident signs of softness in job creation as major signposts for the overall direction of interest rates.

Overnight, the major US currency slid versus a basket of main currencies, following weaker than expected American manufacturing data, which applied pressure on market sentiment, while a soar in the Canadian dollar contributed to downside momentum.


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