Greenback soars vs. yen

Greenback soars vs. yen

On Thursday, the evergreen buck rallied versus the Japanese yen, although tumbled on a weighted-basis because the British pound and common currency demonstrated strength. Market participants waited for the US Senate on Donald Trump's anticipated tax cut plans.

In November, China's manufacturing PMI added to 51.8, which is a faster tempo than the anticipated 51.4 level, while non-manufacturing also grew to 54.8 from October’s outcome of 54.3, as official data published on Thursday revealed.

As a matter of fact a reading above 50 normally stands for expansion, but when it’s below – it indicates contraction.

The publication of a private PMI poll might illustrate a much better picture of China’ economic situation.

Previously, Japan posted that provisional industrial production for October gained 0.5% versus a provisional leap of 1.9% anticipated on month.

The currency pair USD/JPY reached 112.00, adding 0.06%, AUD/USD hit 0.7589, rising 0.24% following the PMI figures from leading trading partner China.

 

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