Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Greenback is weighed by Xi-Trump summit nerves
On Thursday, the evergreen buck tumbled against a basket of crucial currencies, suppressed by worries over the impending US-China summit as well as geopolitical concerns.
The dollar index vs. a basket of six key currencies decreased 0.1%, hitting 100.480.
It had soared to a three-week peak of 100.850 overnight on a positive ADP report on American private sector employment.
However, the major American currency dipped from the three-week peak notwithstanding hawkish-sounding minutes from the latest Fed gathering, which showed that most policymakers think the Fed needs to start trimming its $4.5 trillion balance sheet later in 2017.
Wall Street stocks reversed an earlier surge and declined on Wednesday, with market sentiment soured as the Fed's minutes revealed that some policymakers considered equity prices to be high enough relative to standard valuation measures.
The US dollar slid 0.2%, being worth 110.500 yen, having tumbled from a peak of 111.450 reached overnight.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.