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On Friday, the evergreen buck was sticking to 15-month minimums versus other key currencies because last session’s dismal American service sector data kept weighing and traders waited for the publication of a major American employment report.
The currency pair EUR/USD ascended 0.12% being worth 1.1884, trading close to Wednesday’s 32-month maximum of 1.1911.
The American currency was under pressure after on Thursday the Institute for Supply Management told that its index of non-manufacturing activity went down to 53.9 from June’s reading of 57.4. Experts had hoped for an outcome of 57.0.
According to a separate report, the previous week American initial jobless claims went down by 5,000 slumping to 240,000 versus expectations for a 3,000 sag to 242,000.
Market participants are currently waiting for the nonfarm payrolls data for July in order to assess whether the American economy is sturdy enough for the US main financial institution to proceed with its planned tightening path.
On Tuesday, Bitcoin turned out to be marginally lower, finding itself on track for another losing session because market participants search for another catalyst to drive market sentiment in the crypto market…
On Tuesday, the evergreen buck sank because Donald Trump expressed his strong disagreement with the Fed’s decision to have interest rates lifted…
On Monday, the UK pound inched down because the evergreen buck bounced off and market participants shifted their focus to impending negotiations that might decide whether the United Kingdom gets a trade deal with the European Union before it leaves the…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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