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On Tuesday, the evergreen buck gave back some of its revenues in Asia trade, although remained not far from a one-week maximum versus a basket of major currencies because German political uncertainty kept pressuring the common currency.
Traditionally tracking the greenback versus a basket of six main currencies, the US dollar index slid 0.1% showing 94.036, but still keeping to its overnight high of 94.104, which is its highest reading since November 14.
The euro managed to tack on 0.1% being worth $1.1738, nursing losses after sagging to $1.1722 in the previous trading session after German coalition government negotiations failed.
Angela Merkel, German Chancellor, whose conservative bloc was deprived of seats in September's election, told she would inform the country’s president that she was unable to form a coalition because the pro-business Free Democrats dared to withdraw from talks.
Against the Japanese yen, the US currency dipped a bit demonstrating 112.59, staying above its overnight minimum of 111.89.
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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