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 Monday, the US currency declined to a two-week minimum versus the Japanese yen because a latest flare-up in global trade worries affected investor risk appetites and suppressed American yields…
On Friday, the common currency was still high because the evergreen buck declined and trade worries didn’t recede…
On Friday, the evergreen buck drifted away from a 11-month maximum against the group of its key rivals due to the fact that market participants recorded gains after the greenback’s leap…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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