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On Wednesday, the evergreen buck rebounded, thus snapping three weeks of dives as market participants looked ahead to the minutes of the Fed’s December gathering later in the day.
Assessing the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index ascended 0.19% hitting 91.73, drifting away from Tuesday’s three month minimums of 91.47.
The US dollar index concluded 2017 down 9.8%, which appears to be the biggest annual percentage sag since 2003.
The US currency sank in 2017 because the global economy gained momentum driving hopes for tighter monetary policy in other countries that would lessen the divergence between the Federal Reserve and other major financial institutions.
The common currency dived after a soar spurred by hopes that the European Central Bank is going to start winding down its stimulus program later in 2018. The currency pair EUR/USD lost 0.27% hitting 1.2026.
On Tuesday, the evergreen buck sank because Donald Trump expressed his strong disagreement with the Fed’s decision to have interest rates lifted…
On Monday, the UK pound inched down because the evergreen buck bounced off and market participants shifted their focus to impending negotiations that might decide whether the United Kingdom gets a trade deal with the European Union before it leaves the…
On Monday, the evergreen buck rallied versus a group of currencies, underpinned by hopes for trade negotiations that traders expect to relieve tensions between China and America…
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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