Yen holds revenues against greenback in Asia

Yen holds revenues against greenback in Asia

On Tuesday, the US dollar held weaker against the Japanese yen in Asia, with remarks from the Fed chief, which suggested rate lifts were probably sooner rather than later failing to raise the US dollar as well as political risk backing yen safe-have demand, while the Australian dollar held ground after a mixed business poll.

The currency pair USD/JPY dipped 0.20%, being worth 110.72, while AUD/USD grew 0.07%, trading at 0.7506.

In Australia, as a National Australia Bank survey states, in March business confidence came in at plus-6, which is below plus-7 last month, while the business poll grew to plus-14 from plus-9.

The US dollar index, evaluating the greenback’s value against a trade-weighted basket of six crucial currencies, soared 0.03%, trading at 100.97.

Overnight, the evergreen buck edged down against a basket of crucial currencies on Monday becasue geopolitical tensions was still front and center.

 

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