Greenback rebounds in Asia

Greenback rebounds in Asia

On Tuesday, the evergreen buck gained smartly versus the Japanese yen in Asia in rebound trade because Donald Trump told that the America would proceed with its military support to Afghanistan after 16 years.

The currency pair USD/JPY hit 10.9.27 soaring 0.28%. Meanwhile, AUD/USD showed 0.798, staying intact. As for GBP/USD, this pair demonstrated 1.1885, descending 0.13%.

Overnight, the American currency slumped versus a basket of global currencies amid a leap in safe-haven demand, reacting to renewed geopolitical tension in the Korean Peninsula, caused by US-South Korea military drills.

The US dollar lost ground versus safe-haven currencies like the Japanese yen as well as the Swiss franc after on Monday America and South Korea started computer-simulated military drills.

The Chicago Fed Activity Index, gauging economic activity as well as inflation projections, missed hopes moderately, dipping 0.01% to 0.15 from last month.


British pound dives to day’s minimums on UK inflation data

On Tuesday, the British pound went down to the day’s minimums versus the evergreen buck due to slowing inflation in December, which slowed for the first time for six months, hinting that the country’s cost of living squeeze relieved…

Aussie and Kiwi are at 4-month peaks vs. weaker US dollar

On Monday, the Australian and New Zealand dollars were keeping to four-month maximums versus their American rival because the broadly stronger common currency kept weighing heavily on the US currency notwithstanding Friday's mostly positive American data…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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