USD/CHF and EUR/CHF rose to tactical highs. What's next?
Yen declines on North Korea events and Japan politics eyed for snap polls
On Monday, the Japanese yen held weaker in Asia following reports that Prime Minister Shinzo Abe might call a snap election for October for the purpose of building on support for his handling of tough tensions with the isolated regime of North Korea.
The currency pair USD/JPY hit 111.20, jumping 0.34%, AUD/USD reached 0.8017, leaping 0.16%.
Additionally, on Sunday US Ambassador to the United Nations Nikki Haley told that the UN Security Council has already run out of options on taming North Korea's nuclear program and America might have to rely on the Pentagon in this case.
The U.S. dollar index, estimating the greenback’s value versus a trade-weighted basket of six crucial currencies, demonstrated 91.65.
China announced that house prices data for August went up 8.3% versus a 9.7% leap observed in July.
Overnight, the greenback declined versus a basket of key currencies following retail sales data, which suddenly undershot hopes in August. At the same time the British pound rallied to its highest value since June the previous year contributing to downside momentum in the US currency.
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time.
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.