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On Friday, the evergreen buck lose in Asia, and safe-have yen demand gained because rhetoric between North Korea and the United States escalated with any missile launches by North Korea a potential flashpoint.
Tracking the greenback’s value versus a trade-weighted basket of six main currencies, the US dollar index edged down 0.06% being worth 93.24.
The currency pair USD/JPY demonstrated 108.97, losing 0.20%, AUD/USD hit 0.7847, declining 0.36%.
Overnight, the US currency was nearly intact versus a basket of key currencies because the flight to safety trade proceeded in the wake of ascending geopolitical tensions between America and North Korea. Meanwhile, dismal inflation data contributed to downside momentum.
The evergreen buck struggled for direction because data disclosed the slowdown in inflation was still unabated and initial jobless claims data beat expectations.
At the same time, initial claims for state unemployment benefits went up 3,000 to a seasonally adjusted 244,000 by August 5, as the Labor Department informed on Thursday.
On Tuesday, the evergreen buck kept to the highest levels of 2018 against the backdrop of hopes for higher American interest rates, while the UK currency rebounded from one-and-a-half week minimums notwithstanding everlasting Brexit uncertainty…
On Tuesday, the major Chinese currency managed to head north versus the evergreen buck after a report that American Treasury Secretary Steven Mnuchin had proceeded with negotiations with China Vice Premier Liu He…
The most popular digital coin, Bitcoin is still firm on Monday notwithstanding a recent rebound from $6,500…
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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