On Tuesday, key crypto assets declined in Asia due to the fact that digital token companies are reducing their staff in the face of a huge market selloff…
Greenback inches down, as common currency stabilizes
On Tuesday, the US currency slipped a bit versus its counterparts because the common currency managed to stabilize right after partners in the coalition in Germany stumbled over migration and it definitely threatened to have Chancellor Angela Merkel's government ruined.
As for te common currency, it was unchanged, sticking with $1.1626, having lost 0.45% overnight.
On Monday, the common currency had dived right after German Interior Minister Horst Seehofer shocked with his suddent wish to resign, although later it stabilized when his Christian Social Union managed to come to a compromise with Merkel's CDU as for illegal immigration. As a result, the resignation threat vanished.
The evergreen buck was still broadly underpinned. Apparently, trade tensions backed the evergreen buck against a number of commodity currencies, including the Australian dollar as well as emerging market assets whose economies traditionally happen to be extremely vulnerable to any downturns in trade.
Versus a group of key rivals, the USD index slipped by 0.1% being worth 94.955, having rallied about 0.45% the previous day.
Meanwhile, the Chinese Yuan managed to extend its losses on the back of anxiety ahead of July 6, exactly when American duties on exports from China are due to come true.
On Tuesday, the Chinese Yuan managed to rebound nearly 0.6% to its lowest value since August 2017 against the evergreen buck.
As for commodity-linked currencies, including the Australian dollar that has always been sensitive to any shifts in market sentiment toward China approached a 1-1/2-year minimum of about $0.7311.
On Tuesday, the Reserve Bank of Australia holds its monthly policy gathering and it’s generally anticipated to keep rates at about 1.5%, exactly where they have stayed since mid-2016.
Many market participants as well as financial analysts are eager to know whether Australia’s key bank is going to mention trade clashes between China and America or not.
Versus the Japanese yen, the evergreen buck slumped to 110.790 yen.
On Tuesday, the evergreen buck declined on reports that America and China are moving to the next stage of their trade negotiations…
On Tuesday, the UK pound kept to a 20-month minimum versus the evergreen buck because UK Prime Minister Theresa May delayed a decisive vote on her Brexit agreement, thus increasing the risk of a chaotic departure from the European bloc…
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…