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On Monday, the major American currency started the trading week on the back foot because some lackluster US data along with comments from Fed officials gave traders few catalysts to build on their greenback exposure.
The dollar index, estimating the greenback against a basket of six main counterparts, was almost intact, sticking to 100.390. The previous week it hit a minimum of 98.858, its weakest outcome since November 11.
Financial analysts stress that the previous week the greenback gained some support from month-end buying and came off its minimums, though overall its heaviness is still intact.
This week, market participants are awaiting Friday's non-farm payrolls report, while a worse-than-expected outcome would push the greenback down more than a better-than-expected result would push it up.
The common currency gained 0.2%, reaching $1.0676, while staying not far above Friday's minimum of $1.0649, its weakest value since March 15.
On Thursday, the evergreen buck slumped to an almost four-month minimum versus its counterparts because market participants bet on an everlasting rebound in emerging-market currencies in the face of improve market sentiment in developing economies…
On Thursday, literally all of the large-market-cap crypto assets found themselves in the green, reporting firm profits across the board, according to Coin360 data…
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
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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