On Monday, the greenback was broadly higher versus other key rivals notwithstanding Friday's dismal American inflation data because political woes in Europe put pressure on the single currency.
The US currency had dropped after Friday’s data revealed that in September American consumer prices leapt less than anticipated, both on a monthly as well as annual basis.
The report drove uncertainty over whether the Fed will decide to lift interest rates before the end of 2017 or not.
On Sunday, Fed Chair Janet Yellen told that policymakers are going to pay much attention to inflation reports in the months ahead. Additionally, she stressed that the US economy is still strong enough and the strength of the labor market suggests gradual hikes in interest rates notwithstanding soft inflation.
The currency pair EUR/USD declined 0.30% being worth 1.1787 after Catalan President Carles Puigdemont didn’t manage to make it clear whether the region has declared its independence from Spain or not.
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
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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