Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback loses in Asia after North Korea nuclear test
On Monday, the evergreen buck held weaker in Asia. It’s because at the weekend North Korea announced it successfully tested a hydrogen bomb, thus powering tensions with the United States, Japan, South Korea, to say nothing of its angering ally China.
Gauging the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index went down 0.25% being worth 92.59.
The currency pair USD/JPY hit 109.72, sagging 0.49%. At the same time AUD/USD reached 0.7960, descending 0.10%. As or EUR/USD, this currency pair also demonstrated revenues, soaring 0.21% and getting to 1.1885.
Meanwhile, Australia’s business inventories went down 0.4% for the first quarter as expected and from a 1.2% ascend during the previous period. Additionally, company gross operating revenues tumbled 4.5%, which is more than the 4 dive observed in the second quarter, and versus the previous 6% leap.
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