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.


Greenback reaches fresh 3-year minimums on euro strength

On Wednesday, the evergreen buck sank to fresh three-year minimums versus other key currencies because the common currency kept broadly strengthening, while the end of the American government shutdown didn’t manage to support the US currency…

Aussie and Kiwi add as US dollar keeps diving

On Wednesday, the Australian and New Zealand dollars rallied versus its American rival because market sentiment on the US currency was affected by a fresh ascend by the common currency and also the fact that the end of the American government shutdown…

Greenback dives to day’s minimums versus yen

On Tuesday, the evergreen buck went down to the day’s minimums versus the Japanese yen, reversing earlier revenues, which emerged right after the head of the BOJ told it remained committed to today’s monetary easing and the bank wasn’t braced for scaling…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

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