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 is at 11-month peak
On Thursday, the evergreen buck kept to an 11-month maximum versus the group of major currencies. The US currency was underpinned by the surge of American Treasury revenue, while the UK pound was struggling to overcome the lowest value since November 2017 before the BoE’s monetary policy verdict.
The USD index versus a bunch of six main counterparts amounted to 95.11, having soared to 95.299 yesterday, which appears to be the highest outcome since mid-July 2017.
Backing the greenback, the Treasury's long-term revenue rebounded from the three-week minimum on Wednesday because the risk aversion that strengthened earlier this week in the face of trade tensions between China and the United States receded.
Treasury profits were also backed by remarks by Fed Chair Jerome Powell, who told that the key US financial institution should keep gradually lifting interest rates.
The British pound managed to get away from the seven-month minimum after UK Prime Minister Theresa May had a decisive parliamentary vote on Brexit won, thus averting an uprising, which could potentially undermine her credibility.
However, the rebound of the UK currency happened to be quite limited on the eve of the gathering of the Bank of England a bit later today. Financial experts expect the Bank of England to keep the interest rate intact, and the statement of the major financial institution of Great Britain won’t bring surprises.
Meanwhile, the New Zealand dollar kept going down, sagging below the monthly low that to some extent managed to contribute to the data on New Zealand's GDP for this year’s first quarter.
New Zealand’s GDP for the first three months of this year tacked on by 0.5%. The given outcome appeared to be in line with hopes, although it was lower than the previous reading of about 0.6%.
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…