During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline).
Greenback reaches 6-week minimums vs. yen
On Wednesday, the evergreen buck extended losses versus the Japanese yen after the Bank of Japan reduced the size of its bond purchases in the previous session, spurring rumors that it could start scaling back its monetary stimulus later in 2018.
The currency pair USD/JPY slid 0.64% hitting 111.94, versus the earlier outcome of 111.77, which appeared to be the weakest reading since December 1.
The Japanese yen edged up after on Tuesday the Bank of Japan diminished the size of its bond-repurchase offer in its latest market operation, reminding traders that it’s going to normalize monetary policy.
The Japanese yen also rallied versus the common currency, with EUR/JPY sliding 0.63% reaching 133.62.
The common currency was hovering near one-and-a-half week minimums versus the evergreen buck, with EUR/USD trading at 1.1939 having lost 0.33% on Monday.
The UK pound dived against the greenback, with GBP/USD decreasing 0.21% being worth 1.3510.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.