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On Tuesday, the evergreen buck wobbled against the Japanese yen, buckling against its safe-haven Japanese counterpart because a risk-averse mood spread through the broader markets.
This week investor appetite for risk has been dulled by several factors, including an anxious wait for an approaching meeting between Chinese President Xi Jinping and US President Donald Trump as well as a suspected suicide bombing in St. Petersburg, Russia.
The greenback extended its overnight losses and dropped 0.2%, hitting 110.660 yen, having reached 110.480, its lowest value in a week.
Monday's mostly positive American construction spending as well as manufacturing data affirmed a steady improvement in the US economy, though did little to uphold Treasury yields and the greenback.
The common currency was steady at $1.0667, having soared just 0.2% overnight against the greenback. Its advance was tempered by a steep drop in German bund yields powered by flight-to-safety, reacting to the bombings in St. Petersburg.
On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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