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On Wednesday, the greenback traded below a six-week peak versus the Japanese yen because the market waited for the Federal Reserve's policy statement for further hints on the American interest rate outlook, while the New Zealand dollar managed to strengthen on strong New Zealand jobs data.
The Fed’s generally expected to keep interest rates intact at the end of its two-day policy gathering, though market participants will look to see whether the US number one bank downplays the recent soft patch in the American economy just to leave the door open for a rate lift in June.
The major American currency last traded at 112.02 yen, which is still not very far from a six-week peak of 112.33 yen achieved on Tuesday.
The US dollar had drifted away from its six-week peak. It’s because April’s poor American car sales data issued on Tuesday contributed to recent concerns as for the outlook for the American economy, which reached a soft patch during the first quarter.
On Friday, the greenback kept to its lowest value for October versus its key opponents because diving American treasury gains as well as further dips on Wall Street affected market sentiment…
On Thursday, the evergreen buck slipped versus a group of its key opponents because a global sell-off in stocks and bonds gained momentum, backed by fears over the impact of soaring interest rates…
On Wednesday, the evergreen buck slipped against the backdrop of worries that the key American bank is going to have interest rates lifted as anticipated…
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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