Evergreen buck stands still backed by US Treasury bonds
On Thursday, the US currency stabilized to a basket of leading currencies, underpinned by a rise in US Treasury bond yields…
Yen dips after BOJ holds steady
On Thursday, the Japanese yen declined, with the Bank of Japan keeping silence as for when inflation could provoke easing aggressive monetary policy.
The US dollar index that tracks the evergreen buck’s value versus a basket of six key currencies rallied 0.07% trading at 94.71.
The currency pair USD/JPY showed an outcome of 11.07, sliding 0.12%. Simultaneously, AUD/USD demonstrated 0.7937, declining 0.20%.
On Thursday, the Bank of Japan didn’t change its monetary policy.
The BOJ’s monetary policy statement as well as interest rate verdict was supposed to provide comment on the pace of asset purchasing at ¥80 trillion annually and probably hint of tapering.
Japan’s trade balance for June demonstrated a surplus of ¥440 billion, thus missing an expected profit of ¥485 billion.
Overnight, the greenback soared against crucial counterparts, buoyed by positive housing data pointing to a turnaround in the sluggish tempo of American home building.
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