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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 Monday, the evergreen buck traditionally viewed as a safe-haven asset, went down in Asia after tension with China strengthened against the backdrop of everlasting worries surrounding Chinese technology company Huawei Technology…
On Monday, the prices of key crypto assets managed to surge in Asia due to the fact a Winklevoss-backed crypto exchange is braced for trading Bitcoin Cash, while Venezuela told that it would trade crude via its digital coin…
On Friday, the evergreen buck declined versus its major counterparts because dismal jobs report did little to affect expectations the key US bank might rein in rate lifts…
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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