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On Thursday, the evergreen buck tacked on versus the Japanese yen after comments by China's foreign exchange regulator tamed worried that China might reduce its buying of American government bonds.
The US currency rallied 0.2% hitting 111.70 yen, drifting away from a six-week minimum of 111.27 yen on Wednesday.
China's foreign exchange regulator told that a recent report that China was actually considering slowing down or even ceasing its purchases of American Treasury bonds could be based on rumors.
Meanwhile, American 10-year Treasury yields rallied to 10-month maximums and the evergreen buck headed south after the report was released.
Following the regulator's comments on Thursday the evergreen buck and American Treasuries managed to obtain some buying support.
Versus a basket of six key currencies, the evergreen buck tacked on 0.1% reaching 92.396, having dived to 91.922 on Wednesday.
On Wednesday, Bitcoin managed to rally in the face of mixed crypto trading reacting to news that Seed CX is geared up towards capturing institutional traders via a bitcoin spot trading market…
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
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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