Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Pound tumbles vs yen
On Tuesday, the British pound sank versus the Japanese yen after a suspected terrorist attack at a concert in Manchester, while the common currency hovered close to a six-month peak versus the greenback after German Chancellor Angela Merkel told that the euro happened to be too weak.
The British pound declined 0.2%, hitting 144.36 yen, having weakened to as much as 144.06.
Police told that as a result of an explosion at the end of a concert by American singer Ariana Grande in Manchester up to 19 died more than 50 were injured on Monday.
The safe-haven yen managed to advance versus key peers, including the greenback and euro. However, its profits were moderate.
The greenback tumbled 0.2%, hitting 111.100 yen, having sagged to 110.860. The common currency lost 0.2%, being worth 124.860 yen.
The common currency rose 0.1%, trading at $1.1247, having hit $1.1264 overnight, its highest value since November 9.
The dollar index lost went down 0.1%, reaching 96.882.
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