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On Friday, the greenback decreased versus other key counterparts because recent comments by the Fed kept weighing. Moreover, traders were still waiting for the publication of second-quarter surge data due later in the day.
The currency pair EUR/USD gained 0.15% trading at 1.1694, which is not far from Thursday’s two-and-a-half year maximums of 1.1777.
The Fed’s cautious tone on inflation generated fresh uncertainty over the likelihood of a third rate lift in 2017.
The major US bank also told that it expected to start shrinking its balance sheet in the nearer future, thus powering hopes for an announcement already in September.
The currency pair GBP/USD gained 0.17% trading at 1.3088, drifting away from last session’s 10-month maximum of 1.3159.
USD/JPY tumbled 0.31% being worth 110.91.
Meanwhile, in June, Japan’s household spending soared by 1.5%, ruining expectations for a 0.1% sag.
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
On Monday, crypto assets stood still…
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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