Evergreen buck is steady
On Friday, the major US currency was still steady, and the British pound dived a bit…
Greenback wobbles vs. yen on heightened risk aversion
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.
Similar
Japanese yen drifts away from two-week maximum
On Friday, the Japanese yen drifted away from a two-week maximum versus the evergreen buck after North Korea told that it was still open for negotiations with the United States…
British pound and euro dive after the release of weak economic reports
On Wednesday, the euro and British pound approached their five month-lows after the disappointing economic reports…
Popular
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
