Greenback sticks to 3-year minimums vs. other key currencies

Greenback sticks to 3-year minimums vs. other key currencies

On Thursday, the American dollar was sticking to three-year minimums versus other main currencies, reacting to remarks from US Treasury Secretary Steven Mnuchin amid worries as for Trump's message at the World Economic Forum, Davos.

The evergreen buck slumped after on Tuesday White House officials told that Trump was eager to make the most of his speech in Davos just to underline his initiative "America First."

The given initiative comes with a potential withdrawal from the North American free-trade pact.

Estimating the US currency’s value versus a trade basket of six key currencies, the US dollar index headed south 0.18% to a new three-year minimum of 88.85.

The currency pair EUR/USD ascended 0.15% hitting a new three-year maximum of 1.2427 because market participants were closely watching the result of the European Central Bank's policy gathering later in the day for further clues as for future shifts in the bank’s monetary policy.


US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

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