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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.
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On Tuesday, the evergreen buck sank because Donald Trump expressed his strong disagreement with the Fed’s decision to have interest rates lifted…
On Monday, the UK pound inched down because the evergreen buck bounced off and market participants shifted their focus to impending negotiations that might decide whether the United Kingdom gets a trade deal with the European Union before it leaves the…
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On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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