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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.
On Wednesday, the evergreen buck stood still due to the fact financial markets waited for the conclusion of the Fed’s latest gathering, while the New Zealand dollar rallied versus the evergreen buck on a better-than-anticipated business confidence report…
On Tuesday, the evergreen buck went down to the lowest value of the day versus its key rivals ahead of a highly-anticipated two-day Fed gathering starting later on Tuesday…
The Federal Reserve is anticipated to be one of the most aggressive major central banks when it gets to the monetary policy…
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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