Evergreen buck is nearly intact
On Friday, the evergreen buck was nearly intact in Asia having traded a bit higher earlier in the day in the face of upbeat mood of progress in China-US trade negotiations…
Greenback slumps vs. yen, affected by North Korea worries and Fed outlook
On Wednesday, the US currency declined versus the Japanese yen, approaching a recent 4-1/2 month minimum, suppressed by simmering tensions on the Korean peninsula as well as comments by a Fed official about low American inflation.
The greenback tumbled 0.2% reaching 108.60 yen and hit a minimum close to 108.50 yen in early Asian trade.
On Tuesday, a top North Korean diplomat told that the isolated nation was ready to deliver more gifts to America.
Both the Japanese yen and the Swiss franc have ascended this week because geopolitical tensions resumed after on Sunday North Korea conducted a mighty nuclear test, thus affecting traders’ appetite for riskier assets.
The Swiss franc rallied approximately 0.1% being worth 0.9538 franc per greenback, with the franc having ascended 1.1% this week.
The common currency grew 0.1% trading at $1.1923, although staying below a 2-1/2 year maximum of $1.2070 reached the previous week.
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Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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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