Greenback slumps versus yen in Asia

Greenback slumps versus yen in Asia

On Thursday, the US currency held weaker versus the Japanese yen because market participants looked ahead to a highly-anticipated announcement on the new Fed Chair by Donald Trump already this week.

The currency pair USD/JPY showed 113.41, decreasing 0.30%, AUD/USD hit 0.7711, leaping 0.10%. As for EUR/USD, this pair demonstrated an outcome of 1.1829, ascending 0.14%.

Evaluating the greenback’s value against a trade-weighted basket of six crucial rivals, the US dollar index dived 0.13% being worth 93.41.

Overnight, the US dollar sank versus a basket of key currencies after data disclosing new home sales reached an almost 10-year maximum was compensated  by firm profits in the British pound amid bullish UK economic surge.

The evergreen buck was also backed by soaring expectations that a less dovish Fed Chair would take office amid several reports pointing out that Stanford University economist John Taylor managed to impress Donald Trump in his interview to head the major US bank.


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