Evergreen buck is nearly intact
On Friday, the evergreen buck was nearly intact in Asia having traded a bit higher earlier in the day in the face of upbeat mood of progress in China-US trade negotiations…
Yen climbs up in Asia trade
On Friday, the Japanese yen leapt in Asia on safe-haven demand because political turmoil in Brazil reached risk sentiment and financial markets became cautious ahead of the weekend.
The currency pair USD/JPY hit 111.38, sliding 0.08%, while AUD/USD reached 0.7419, soaring 0.01%. Meanwhile, the currency pair GBP/USD jumped 0.10%, being worth 1.2953.
Assessing the US dollar’s value versus six crucial currencies, the US dollar index slumped 0.06%, trading at 97.71.
Overnight, the greenback traded higher versus a basket of crucial currencies because recent political turmoil in Washington was compensated by a bunch of stronger American economic data.
The evergreen buck was on track just to snap a five-day losing streak because market participants generally appreciated the issue of better than expected initial jobless claims as well as manufacturing data.
The overall number of Americans, who filed for unemployment insurance by May 12, sank by 4000, hitting 232,000, as the Labor Department told.
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Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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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