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On Thursday, the US currency stabilized versus its rivals after the Fed’s policy gathering minutes took the wind out of its advance. Financial markets were waiting for comments by major bankers and also American economic reports for further clues.
The US dollar index versus major currencies didn’t change, keeping to 96.275, having sunk from Wednesday’s one-week peak of 96.512.
The evergreen buck had ascended earlier in the week after positive American economic indicators brought Treasury yields to multi-week peaks. The soar actually helped the US dollar index to move away from a nine-month sag of 95.470 hit the previous week as traders increased expectations for EU key banks to start scaling back monetary stimulus later in 2017.
However, the greenback’s growth stalled due to the Fed's minutes on its June 13-14 policy gathering issued on Wednesday. It demonstrated a rift among policymakers over the pace of future American rate hikes and also upset some dollar bulls.
The greenback stuck to 113.240 yen, drifting away from a seven-week peak of 113.690 hit overnight.
On Tuesday, the evergreen buck sank because Donald Trump expressed his strong disagreement with the Fed’s decision to have interest rates lifted…
On Monday, the UK pound inched down because the evergreen buck bounced off and market participants shifted their focus to impending negotiations that might decide whether the United Kingdom gets a trade deal with the European Union before it leaves the…
On Monday, the evergreen buck rallied versus a group of currencies, underpinned by hopes for trade negotiations that traders expect to relieve tensions between China and America…
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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