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On Monday, the evergreen buck steadied versus a basket of key currencies, having lost on soft American economic data, with market participants waiting for comments by a top Federal Reserve representative for clues on whether recent surge can be sustained or not.
Versus a group of main currencies the dollar index stood still at 97.187.
The index has soared to a two-week peak of 97.560 last week after the Fed lifted interest rates and also kept the door open for another lift this year. However, its soar was suppressed by Friday's weaker-than-expected housing as well as consumer sentiment data.
The major American currency soared 0.15%, hitting 111.020 yen. It had achieved a two-week high of 111.420 on Friday before the American data-induced rebound.
The common currency treaded water, demonstrating $1.1198, having soared approximately 0.5% on Friday.
As for the British pound, it was nearly intact at $1.2770.
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
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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