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On Friday, the evergreen buck was intact against a basket of key currencies because focus shifted to American jobs data. Meanwhile, Donald Trump chose Fed Governor Jerome Powell to head the major US financial institution. The given decision didn’t appear to be unexpected for market participants.
On Thursday, Trump tapped Powell to lead the Fed, rejecting the second term for Janet Yellen, but nevertheless hinting at a continuation of her quite cautious monetary policy.
The US President’s decision turned to be in line with what traders had been actually expecting, and the US currency demonstrated quite limited reaction after the news.
The dollar index last kept to0 94.696, having grown from a one-week minimum of 94.411 hit on Thursday.
On Thursday, the evergreen buck had gone down after Republicans of the House of Representatives rolled out proposals to overhaul the tax code.
Against the Japanese yen, the greenback slid 0.1% being worth 113.94 yen, sliding below a 3-1/2 month maximum of 114.45 yen set last Friday. As for the common currency, it stood still at $1.1659.
On Wednesday, the evergreen buck went up, attracting safe-haven bids following reports of further tension in US-China trade talks, although its profits were minor, with caution anticipated from the major US bank at its policy gathering later in the day…
On Tuesday, the evergreen buck slumped due to the fact that the key US bank started its two-day gathering, with many expecting the major financial institution to come up with a dovish outlook on monetary policy when the gathering concludes on Wednesday…
For the last week, crypto assets jumped, backed by a 25% leap in Bitcoin Cash, in contrast with a backdrop of further indications of sluggishness in fiat currencies, including the evergreen buck…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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