On Friday, the evergreen buck went down against the Japanese yen in early Friday trade versus a backdrop of resuming tensions on the Korean peninsula, although the steep divergence between American and Japanese monetary policy tamed the US currency’s losses.
As North Korean Foreign Minister Ri Yong Ho told on Friday his country could conduct an unbelievable hydrogen bomb test on the Pacific Ocean, as South Korea's Yonhap news agency informed.
Market participants also watched how Chinese financial markets would follow S&P Global Ratings' downgrade to the credit rating of China.
Gauging the US currency versus a basket of six key counterparts, the US dollar index declined 0.1% hitting 92.156, adding 0.4% percent for the trading week and staying above its more than 2-1/2 year trough of 91.011 reached on September 8.
The evergreen buck slumped 0.2% being worth 112.28 yen, although it grew 1.3% on the week in which the US currency scaled a two-month maximum of 112.725.
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…
On Tuesday, the evergreen buck declined ahead of congressional testimony by Fed Chair Jerome Powell that market participants are going to scrutinize for signs on the tempo of American interest rate lifts as well as risks coming from trade clashes…
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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