US dollar generally flat at Asian session

Posted 10 July, 2018

The US dollar was flat during the Asian session, while the Chinese currency kept recovering.

The US Dollar index slightly rose, reaching 93.86.

The greenback has recently recovered from the bottom driven by weaker sterling. For reference, the UK faces political crises after Boris Johnson, Minister of Foreign Affairs,  left the Parliament, following the resignation of David Davis.

After the decline earlier this morning, the US dollar-to-yuan exchange rate rose to some 6.6195. The PBOC set the reference rate for the yuan against the greenback at 6.6259 (6.6393 yesterday).

According to the available data, currency reserves of China hiked by $1.51 billion in June to $3.122 trillion, though it had been expected a decline by $10.6 billion. 

The US dollar-to-yen increased to 111.08 on further yen weakening in the pair. The Monday statistics showed that foreign balance plunged to JPY 1.85 billion against the expected JPY 1.18 billion. The Australian dollar dropped against its American counterpart reaching some 0.7459.

It seems that the US-Chine trade issue takes back seat and the markets focus on the economic reports and the development of the situation in the UK.

Previous story

10 July, 2018 14:24

← Sterling posts slight rebound by day on upcoming reports

The sterling has posted some strengthening despite uncertainties about further Brexit realization, especially given the recent resignation of the officials. The players wait for the economic growth report, that can make the BOE decide to revise the interest rate this August.

Sterling posts slight rebound by day on upcoming reports

Next story

10 July, 2018 10:18

Hackers in China earn some $2 million from hidden crypto mining →

Hackers in China have reportedly infected more than one million computers countrywide and earned $2 million via hidden mining over a 2-year period. According to the news reports, the police in Da Lian (China) arrested 20 employees from the computer technology company that are suspected of distributing malware software and infecting computers.

Hackers in China earn some $2 million from hidden crypto mining
Write a comment
Prove you’re not a bot + 6 = 15