On Friday, the greenback rallied because traders shifted their focus to the highly-anticipated Federal Reserve rate lift already next week, notwithstanding uncertainty over next year’s rate lifts kept gains in check…
Greenback goes down on tax jitters
On Friday, the evergreen buck modestly dived versus other key currencies, as everlasting uncertainty over the fate of a key American tax reform plan as well as worries over an investigation into Trump's presidential campaign put pressure.
On Thursday, the US House of Representatives officially approved a broad package of tax cuts.
The currency pair EUR/USD managed to grow 0.21% being worth 1.1795, GBP/USD rallied 0.42% trading at 1.3249.
Additionally, on Friday, ECB Governor Mario Draghi told that the major bank should be patient enough when normalizing monetary policy.
He added that the ECB's bond purchasing program could be extended beyond September 2018 if required.
The currency pair USD/JPY went down 0.44% trading at 112.55, USD/CHF declined 0.26% being worth 0.9914.
The Australian as well as New Zealand dollars headed south, with AUD/USD dipping 0.45%to 0.7554 and NZD/USD diving 0.79% to 0.6794.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…