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On Wednesday, the Japanese yen declined, staying under pressure as risk sentiment improved and safe haven demand sagged, following the first round of the French presidential election.
The greenback grew 0.2%, hitting 111.30 yen. The major American currency contributed to the hefty revenues made on Tuesday, when it soared 1.2%, the greenback’s biggest one-day soar against the Japanese yen in three months.
Reduced worries over the French presidential elections along with upbeat American home sales data as well as optimism as for an expected tax reform announcement on Wednesday by Donald Trump, backed the greenback against the Japanese yen.
Due to the global bullish sentiment, the Nasdaq Composite reached a record peak on Tuesday. As for the Dow Jones Industrial Average as well as S&P 500 brushed against recent highs, powered by strong corporate earnings.
The common currency soared 0.1%, hitting $1.0938.
Having hit $4,000 for the first time for six weeks on expectations that the US Securities and Exchange Commission will soon approve investment vehicles, which would broaden Bitcoin’s appeal, the number one crypto assets rebounded on Wednesday…
On Wednesday, the evergreen buck slumped versus the common currency and the UK pound because a dive in American Treasury gains diminished its attractiveness in the face of hopes for dovish news on interest rates from the major US bank…
On Tuesday, the evergreen buck kept slumping for three sessions in a row because dovish remarks from a Fed representative put downward pressure on the US currency…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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