Greenback is intact in light trade

Greenback is intact in light trade

On Tuesday, the evergreen buck stood still in holiday-thinned trade, neglecting positive Japanese economic data because most investors have already closed their books for 2017.

Financial markets in Hong-Kong and Australia were still unavailable after Monday's Christmas holiday, and a great number of financial centers in the EU are going to be shut on Tuesday.

The common currency was intact, keeping to $1.1871. The previous week it gave up some ground right after Catalan separatists managed to win a regional election, thus deepening Spain's political crisis in a steep rebuke to Prime Minister Mariano Rajoy as well as EU leaders who supported him.

Versus the Japanese yen, the evergreen buck was intact on the day, showing an outcome of 113.29.

The previous week, the American Congress passed a tax code overhaul, which was believed to give a short-term support to already firm economic surge.

While the inflation rate is still far from the BOJ’s 2% goal, the soar provided some hope that a steady economic revival will gradually stimulate prices.


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