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On Thursday, the evergreen buck didn’t change versus other key currencies because financial markets were still digesting the Fed’s fresh policy statement, simultaneously looking ahead to a string of American economic reports due later in the day.
In a widely anticipated move, the Fed had its interest rates increased to 1.50% by 0.25 basis points at its policy gathering on Wednesday.
Assessing the US currency’s strength versus a trade-weighted basket of six main currencies, the US dollar index was nearly intact sticking to 93.4, off a one-week minimum of 93.33 reached overnight.
The common currency was intact, with EUR/USD being worth 1.1821. Meanwhile, GBP/USD ascended 0.22% hitting 1.3447.
This month the euro zone reported its fastest surge in business activity in nearly seven years.
The Japanese yen and the Swiss franc decreased, with USD/JPY edging up 0.20% hitting 112.76. USD/CHF rallied 0.30% being worth 0.9884.
On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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