On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Greenback inches down
On Wednesday, the evergreen buck slipped versus a pack of crucial currencies, diving for a second day in a row because trade clashes receded, while the British currency hovered over one-year minimums, pushed down by everlasting Brexit uncertainty.
Assessing the purchasing potential of the main American currency versus its primary rivals, the USD index hit a minimum of 94.82 having dived by 0.2% the day before. Apparently, the previous week the USD index achieved the highest value for almost a year, underpinned by soaring American interest rates as well as worries over the influence of trade conflicts.
The recent ascend in the evergreen buck has receded because worries over global trade tensions weakened, thus affecting safe haven demand for the US currency.
Trade tensions were still in focus after on Tuesday the current US presidential administration told that it’s geared up towards slapping 25% duties on another $16 billion of Chinese products later this month.
The given move appears to be the latest by the US government to force China to start negotiating trade concessions after it had slapped duties on $34 billion of products in July, this driving promises from the Asian country to adequately respond.
The evergreen buck inched down versus the Japanese yen. The currency pair USD/JPY dipped by 0.38% being worth 110.96 ahead of the anticipated bilateral trade negotiations between Japan and the United States on Thursday in Washington.
Japan’s currency gained momentum versus the common currency too. The currency pair EUR/JPY dived by about 0.46% reaching 128.61.
The common currency edged down a bit versus the evergreen buck. The currency pair EUR/USD inched down by 0.1% trading at 1.1586.
The common currency edged up to its highest value since November versus the UK pound. The currency pair EUR/GBP leapt by 0.17% showing 0.8975.
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
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…