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On Friday, the evergreen buck soared versus other key currencies, although remained within close distance of a one-month minimum. It’s because the minutes of the Fed’s latest policy gathering kept dampening demand for the US currency.
Trade volumes were believed to remain thin enough with American markets working for only half a day on Friday due to Thursday’s Thanksgiving holiday.
The US currency was under deep selling pressure as the minutes of the Fed's most recent gathering demonstrated that some Fed policymakers are still concerned over constantly low inflation.
Additionally, the report disclosed that the major US bank expects to lift interest rates soon.
However, the Fed stressed that economic data will help to determine the timing of future rate lifts. It might hint at a slower pace than anticipated for next year.
The currency pair EUR/USD didn’t change sticking to 1.1844, GBP/USD relieved 0.09% reaching 1.3294. USD/JPY rose 0.24% being worth 111.49.
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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…
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