Welcome to Tuesday!
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.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…