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On Friday, the evergreen buck was buoyant versus the Japanese yen because some traders bought back the currency for the purpose of squaring positions ahead of a gathering of key bankers in Jackson Hole, Wyoming.
While Fed Chair Janet Yellen as well as ECB Governor Mario Draghi are supposed to stay on script in speeches later in the day, market participants are actually hungry for any signs on further American rate lifts, the timing of its balance sheet tapering and also whether the EU is still considering reining in stimulus.
Yellen is expected to deliver a speech at 1400 GMT. As for Draghi, his conference will start at 1900 GMT.
The evergreen buck turned to be a shade firmer being worth 109.640 yen having soared 0.5% overnight.
The US currency was braced for concluding 0.3% stronger versus the Japanese yen on the week, during which it had declined to 108.635 yen following geopolitical tensions coming from the Korean Peninsula.
On Monday, the US currency declined to a two-week minimum versus the Japanese yen because a latest flare-up in global trade worries affected investor risk appetites and suppressed American yields…
On Friday, the common currency was still high because the evergreen buck declined and trade worries didn’t recede…
On Friday, the evergreen buck drifted away from a 11-month maximum against the group of its key rivals due to the fact that market participants recorded gains after the greenback’s leap…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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