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On Monday, the US currency rallied versus a basket of the other key currencies right after the US Senate successfully passed a tax bill at the weekend, thus spurring expectations for a faster tempo of rate lifts from the major US bank.
The evergreen buck was underpinned by hopes that tax cuts for corporations are going to back the American economy, and also push Treasury yields up because the US government becomes more dependent on debt thanks to reduced tax income.
Market participants were still cautious amid worries over the everlasting Russia probe, reacting to Friday’s reports that ex-national security adviser Michael Flynn is ready to testify against US President Donald Trump in the long-lasting investigation.
The US currency gained ground against the Japanese yen. USD/JPY inched up 0.64% hitting a two-and-a-half week maximum of 112.91.
The common currency dived versus the greenback, with EUR/USD decreasing 0.23% being worth 1.1868.
On Tuesday, the evergreen buck went down to the lowest value of the day versus its key rivals ahead of a highly-anticipated two-day Fed gathering starting later on Tuesday…
The Federal Reserve is anticipated to be one of the most aggressive major central banks when it gets to the monetary policy…
Coming off the best trading marathon for crypto assets since late July, the world’s number one crypto currency, Bitcoin headed south on Monday…
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…
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