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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.
On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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