Greenback is set for weekly losses

Greenback is set for weekly losses

On Friday, the US dollar nursed losses, staying on track for a losing week because geopolitical tensions backed the perceived safe-haven Japanese currency.

The dollar index, tracking the major US currency against a basket of six counterparts, steadied at 100.560 on the day, while declining 0.6% for the week.

On Thursday, Donald Trump told that North Korea happens to be a serious problem, which needs to be tackled, as China urged caution and rumors rose that Pyongyang might be preparing for a sixth nuclear test.

The major American currency grew 0.6% against the South Korean won, which kept to 1,136.5.

The US dollar soared 0.1% on the day, hitting 109.17 yen, but dropped 1.7% for the week.

Meanwhile, on Thursday, the US Treasury yield dipped to its lowest levels since November, following Trump’s remark that he appreciates low interest rates.

Against the Japanese yen, the common currency declined as low as 115.72, showing its lowest value since November. 

Similar

British pound dives to day’s minimums on UK inflation data

On Tuesday, the British pound went down to the day’s minimums versus the evergreen buck due to slowing inflation in December, which slowed for the first time for six months, hinting that the country’s cost of living squeeze relieved…

Aussie and Kiwi are at 4-month peaks vs. weaker US dollar

On Monday, the Australian and New Zealand dollars were keeping to four-month maximums versus their American rival because the broadly stronger common currency kept weighing heavily on the US currency notwithstanding Friday's mostly positive American data…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera