On Tuesday, the evergreen buck dipped in Asia with the Fed in focus as policymaker speeches loom, although an extraordinary day of rumors as for Russian meddling in the presidential election bolstered political risk.
Charles Evans, Chicago Fed President told that the major US financial institution will probably wait until June to decide on the next rate lift.
The US dollar index, measuring the greenback’s actual value against a trade-weighted basket of six crucial rivals, dived 0.14% to 100.02.
Meanwhile, USD/JPY hit 112.60, ascending 0.04%, AUD/SUD reached 0.7719, sliding 0.16% notwithstanding minutes of the Reserve Bank of Australia's March policy gathering that backed market views that policy bias turned to be neutral to a lift as the next move.
Overnight, the major American currency recovered from early session losses to trade moderately higher against a basket of key currencies, as the British pound dropped, following news that Article 50 is going to be triggered next week.
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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…
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
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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