Greenback surges as yields soar

Greenback surges as yields soar

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.

Trump informed House Republican lawmakers that he’s on the verge of leaving Obamacare in place and moving on to tax reform if they don’t get behind new healthcare legislation and also back it in a vote on Friday.

In fact, Thursday’s postponement of the vote knocked the greenback as well as stock markets, but the major American currency was given breathing space because Treasury yields rose after Wall Street shares trimmed losses in order to close little changed.

On Friday, in Asia equities took heart and firmed, with Japan's Nikkei N225 gaining 1%.

The greenback surged 0.35%, reaching 111.340 yen, drifting away from a four-month minimum of 110.620 reached overnight.


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Aussie and Kiwi are at 4-month peaks vs. weaker US dollar

On Monday, the Australian and New Zealand dollars were keeping to four-month maximums versus their American rival because the broadly stronger common currency kept weighing heavily on the US currency notwithstanding Friday's mostly positive American data…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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