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On Wednesday, the evergreen buck weakened versus the Japanese yen on worries about growing tensions between America and North Korea while the Canadian dollar was firm after the nation's key bank chief supported an interest rate lift.
The US dollar lost 0.3% during early trade, fetching 112.95 yen and drifting away from Monday's 1-1/2-month peak of 113.48.
The Japanese yen tends to be bought back following global uncertainty as Japanese investors might dare to repatriate their foreign investment notwithstanding Japan’s proximity to North Korea.
On Wednesday, Pyongyang announced it had successfully tested a newly developed intercontinental ballistic missile, capable of carrying a large and heavy nuclear warhead, thus triggering an immediate call by Washington for global action to hold the isolated regime accountable for its ongoing pursuit of nuclear weapons.
As for the Canadian dollar, it held firm enough, showing C$1.2934 per dollar, having reached a 10-month peak of C$1.2912 to the greenback on Tuesday.
On Tuesday, the evergreen buck bounced off a one-month minimum versus Japan’s currency because a selloff in global stocks relived, while the New Zealand dollar managed to surge after positive inflation data overnight…
On Monday, Bitcoin managed to surge steeply right after a credit scare on a key cryptocurrency exchange generated a rush for the number one crypto asset…
On Monday, the evergreen buck slipped due to the fact that US retail sales data for September missed analysts’ hopes, and as benchmark American Treasury yields stabilized after the previous week reaching their highest value for seven years…
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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