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On Monday, the evergreen buck started the month on a high note, backed by higher American yields, while the common currency was pressured because market participants closely watched the aftermath of a recent independence vote in Catalonia, Spain.
The dollar index, gauging the US dollar versus a basket of six key currencies, gained 0.3% being worth 93.323.
Higher American Treasury yields bolstered the US currency. The 10-year American Treasuries yield went up to 2.360% in Asian trade versus Friday's close of 2.326%.
On Monday, liquidity was relatively thin, with South Korea, India, China and Hong Kong markets unavailable for public holidays. Trade was light in Australia, with Sydney unavailable for a holiday. Meanwhile, Melbourne was still open.
The common currency tumbled 0.3% being worth $1.1776 because market participants nervously monitored the situation in Spain. In this European country police used batons as well as rubber bullets to suppress the Catalan vote on Sunday, leaving hundreds injured.
On Wednesday, the evergreen buck stood still due to the fact financial markets waited for the conclusion of the Fed’s latest gathering, while the New Zealand dollar rallied versus the evergreen buck on a better-than-anticipated business confidence report…
On Tuesday, the evergreen buck went down to the lowest value of the day versus its key rivals ahead of a highly-anticipated two-day Fed gathering starting later on Tuesday…
The Federal Reserve is anticipated to be one of the most aggressive major central banks when it gets to the monetary policy…
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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