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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.
On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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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