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.

 

Similar

Latest news

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…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera