UK pound goes up
On Thursday, the UK currency managed to ascend after news that British Prime Minister Theresa May had support from her government for a draft Brexit pact secured…
Greenback hits five-month minimum vs. yen as North Korea tensions mount
On Monday, the major American currency dropped to a five-month minimum against the Japanese yen because strengthening tensions over North Korea kept the yen in demand.
The dollar index against a basket of main currencies decreased 0.2%, hitting 100.390, suppressed due to the publication of Friday's poor American retail sales as well as consumer prices data as flight-to-safety brought American Treasury yields to five-month minimums.
The greenback extended losses from yesterday and retreated to 108.135 yen, showing its lowest value since mid-November.
The Japanese yen remained broadly bid vs. other currencies as well. As for the common currency as well as the British pound, they slid to five-month lows of respectively 114.955 yen and 136.05 yen.
Surging geopolitical risks, North Korea’s missile test drove regional tensions for the last weeks as American President Donald Trump is demonstrating rather a tough rhetorical line with Pyongyang.
Similar
Evergreen buck pares back profits after inflation data
On Wednesday, the major US currency managed to pare back earlier profits…
Evergreen buck keeps to 2018 maximums
On Tuesday, the evergreen buck kept to the highest levels of 2018 against the backdrop of hopes for higher American interest rates, while the UK currency rebounded from one-and-a-half week minimums notwithstanding everlasting Brexit uncertainty…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
Deposit with your local payment systems
