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On Friday, the evergreen buck added during Asian trading, heading for weekly profits after solid American economic data contrasted with figures demonstrating euro zone inflation cooling.
The dollar index, evaluating the greenback against a basket of six crucial currencies, soared 0.1%, being worth 100.50. It gained 0.9% for the week and it’s currently not far from a two-week peak of 100.60 reached overnight.
The common currency nursed losses, ascending 0.1% on the day, hitting $1.0681, though tumbling 1.1% for the week.
Thursday’s Spanish and German consumer price data showed that in March inflation slowed more steeply than expected, as crude priced sank, offering some respite to the ECB because it’s pressured to wind down its monetary stimulus.
Against its major Japanese counterpart, the US dollar was intact on the day at 111.98 yen, gaining 0.5% for the week.
Meanwhile, the British pound headed north 0.2%, being worth $1.2490.
On Friday, the greenback kept to its lowest value for October versus its key opponents because diving American treasury gains as well as further dips on Wall Street affected market sentiment…
On Thursday, the evergreen buck slipped versus a group of its key opponents because a global sell-off in stocks and bonds gained momentum, backed by fears over the impact of soaring interest rates…
On Wednesday, the evergreen buck slipped against the backdrop of worries that the key American bank is going to have interest rates lifted as anticipated…
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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