Greenback sags versus yen in Asia

Greenback sags versus yen in Asia

On Wednesday, the evergreen buck dived in Asia following a forecast win for a democrat nominee in a fierce US Senate race with probable implications for Trump's tax cuts.

The currency pair USD/JPY hit 113.19, sliding 0.32%, AUD/USD reached 0.7575, showing an outcome of 0.22%.

On Tuesday, democrat Doug Jones of Alabama managed to score an upset win in a fully Republican state, grasping the US Senate seat and driving a wedge in the Republican party and giving Democrats another burst of momentum prior to the 2018 midterm races.

The race was monitored by financial markets due to the anticipated impact on a razor-thin margin in the US Senate ahead of an approaching final vote on Trump's tax cut initiative.

A bit earlier, Japan informed that in October core machinery orders gained 5% versus a 2.8% jump observed on month.

Assessing the greenback’s value versus a trade-weighted basket of six important currencies, the US dollar index went down 0.18% being worth 93.89.

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera