Evergreen buck pares back profits after inflation data
On Wednesday, the major US currency managed to pare back earlier profits…
Greenback is firm enough versus a basket of major currencies
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.
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