Greenback goes down versus yen notwithstanding bullish data

Greenback goes down versus yen notwithstanding bullish data

On Thursday, the dollar slumped in Asia notwithstanding bullish GDP data because the anti-risk yen was pushed up by the soaring geopolitical tensions. Due to the fact Japan appears to be a net creditor country, the Japanese yen is often picked up as a safe-haven asset in times of uncertainty.

Tracking the American currency versus a pack of sic major counterparts, the US dollar index was last seen at  89.66, sinking 0.11%, trying the 90 level and reviving from a one-month minimum of 88.59 reached on Tuesday.

In the fourth quarter the American GDP rallied at a 2.9% annual rate, surpassing the anticipated outcome of 2.5%.

This week North Korea’s diplomatic moves were closely watched. Donald Trump wrote on Twitter that North Korea’s leader Kim Jong-un considered meeting with him. In May, the US-North Korea is expected to take place.

The currency pair USD/JPY dived 0.21% coming up with a result of 106.62. This pair managed to overleap the 106 mark the first time this week having reached a fresh minimum of 104.60 on Tuesday.

Besides this, Japanese media informed that Kim Jong-un’s seeking negotiations with Japan. Most probably the meetings might take place right after the summit with America.

Market participants are also waiting the Tokyo basic CPI data as well as February’s industrial output data to be released on Friday.

China has confirmed that on Wednesday Kim visited this Asian country and met with its leader Xi Jinping. Kim told that he relished a thought of giving up nuclear weapons.

Additionally, the currency pair AUD/USD hit 0.7657, ending up with 0.07%. It headed south to 0.7645 on Thursday in Asia, which is the lowest value since December 18.

Next week a rate decision will be announced by the Reserve Bank of Australia.

 

 

 

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera