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On Wednesday, the greenback touched fresh six-month minimums versus a basket of the other crucial currencies because mounting political turmoil in America along with dismal economic data weighed.
The US dollar index, which estimates the US dollar’s value against a trade-weighted basket of six crucial currencies, lost 0.18%, showing 97.92, having touched an overnight minimum of 97.76, the weakest value since November 9.
The index concluded last trading session down 0.81%.
The US dollar found itself under renewed selling pressure, reacting to news that Donald Trump urged currently fired FBI Director James Comey in February to stop an investigation into ex-National Security Adviser Michael Flynn’s relationships with Russia.
Against the Japanese yen, the greenback sagged to one-and-a-half week minimums, with USD/JPY sliding 0.63% to 112.39.
The currency pair EUR/USD showed 1.1096, having ascended to an overnight peak of 1.1122, the most impressive outcome since November 9.
On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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