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.
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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