Online Forex broker
On Monday, the evergreen buck started the trading week in the red versus other major currencies amid a dive in the revenue of 10-year American government bonds. Financial markets also expect data on retail sales in America and also Japan's GDP on Wednesday, which might become new drivers of trade.
The US dollar index, which evaluates the strength of the US currency against six main counterparts, went down by 0.17% hitting 92.28. Last Wednesday, the evergreen buck rebounded from this year's maximum of 93.22, and made a series of dives to 92 on Monday. However, its upward trend since mid-April is still in force.
Last Friday, America issued weaker, than expected, data on consumer inflation that actually constrains expectations of a third rate lift by the Federal Reserve in 2018. This news exerted pressure on the yield of 10-year American government bonds, which added above 3% last week, widening the gap between the interest rates of the US and other nations. However, when the revenue dived to 2.96%, the evergreen buck also lost support.
The currency pair USD/JPY went down 0.09% being worth 109.30. Market participants will get more signals on the Japanese yen after the publication of Japan's GDP on Wednesday as well as consumer inflation on Friday.
The currency pair AUD/USD gained up to 0.24%, hitting 0.7560. The Reserve Bank of Australia will publish its minutes of the gathering on Tuesday, although the markets would hardly seriously overtake it. It’s because the Bank adheres to its soft position, considering that Australian data is still behind expectations.
Meanwhile, the People's Bank of China set a benchmark rate for the Yuan against the greenback at 6.3345 against 6.3524 the day before. The currency pair USD/CNY rallied 0.06% coming up with 6.3379.
On Wednesday, the evergreen buck went up, attracting safe-haven bids following reports of further tension in US-China trade talks, although its profits were minor, with caution anticipated from the major US bank at its policy gathering later in the day…
On Tuesday, the evergreen buck slumped due to the fact that the key US bank started its two-day gathering, with many expecting the major financial institution to come up with a dovish outlook on monetary policy when the gathering concludes on Wednesday…
For the last week, crypto assets jumped, backed by a 25% leap in Bitcoin Cash, in contrast with a backdrop of further indications of sluggishness in fiat currencies, including the evergreen buck…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
