Greenback holds revenues in Asia notwithstanding soar in Japan wages

Greenback holds revenues in Asia notwithstanding soar in Japan wages

On Friday, the evergreen buck held revenues in Asia notwithstanding wages data in Japan turned to be firmer than anticipated.

The currency pair USD/JPY hit 112.83, soaring 0.01%, AUD/USD reached 0.7781, sliding 0.19%

Japan posted that average cash earnings tacked on 0.9% versus a 0.5% profit anticipated. Financial markets in China and South Korea are unavailable due to holidays.

Gauging the greenback’s value versus a trade-weighted basket of six main currencies, the US dollar index didn’t change, sticking to 93.77.

Overnight, the greenback managed to extend revenues and re-approach recent one-and-a-half month maximums versus other key currencies because a bunch of positive US economic reports drove optimism over the strength of the American economy amid fresh expectations for a December rate lift.

The US currency also grew after on Thursday Philadelphia Fed President Patrick Harker told that he’s still planning on one more rate lift in 2017 and up to three in 2018.


US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


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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