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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.
On Monday, the evergreen buck kept to the maximum for two weeks against the basket of other key currencies amid forecasts of a further increase in the interest rate in 2018…
On Monday, the Bitcoin Cash (BCH), created as an outcome of the hard currency in August last year, managed to surge above $1,300, thus hitting the marks on which it last traded in the first decade of February…
On Friday, the evergreen buck edged up against the backdrop of ascending American Treasury revenues to February’s values as well as forecasts of interest rate hikes that turned out to be more important than fears of a probable trade conflict…
On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
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