US dollar higher vs yen, but weaker vs other majors

Posted 26 March, 2018

The US dollar has pushed off the multi-month bottom and restored grounds vs Japanese yen on Monday. The greenback recovery is explained by softer tensions between the USA and China driven by their steps to settle the problems.

This morning the US dollar-to-yen exchange rate reached some 105.04. The rate hit a record low of 104.62 overnight.

According to the WSJ report, the representatives of China and USA remained in talks striving to expand the US access to Chinese market. At the same time, just last week the countries threatened each other with trade tariffs.

The available data showed that demand for safe havens started slackening, leading to a better state of US stock futures. Earlier, investors switched to risk havens seeing a potential trade war between the USA  and China, which entailed massive dollar selloffs.

The US Dollar index decreased to 88.87.

Meanwhile, the greenback weakened against most other currencies. The euro moved up to 1.2395 against the US dollar. The sterling was seen at some 1.4196. The New Zealand counterpart moved up to 0.7288. In the USD-CAD pair, the American currency dipped to 1.2854. The Australian currency gained some 0.50% coming to 0.7737.

Previous story

27 March, 2018 10:44

← European currency slightly strengthens on Tuesday

During the Asian session, the US dollar has slightly slackened against the euro and sterling. At the same time, the Japanese yen loses grounds on easing political tensions. In China PBOE raised reference yuan rate vs the greenback to RMB 6.2816 = $1...Euro reached some $1.2468 today. US Finance Minister Steven Mnuchin held a meeting with China's official Liu He concerning the issue on...

European currency slightly strengthens on Tuesday

Next story

26 March, 2018 11:28

Cryptocurrencies mostly down, market takes note of Yahoo Japan statement →

Bitcoin and other cryptocurrencies have started this week with a decline...On the Bitfinex, the leading cryptocurrency Bitcoin changes hands at $8,480.6, Ethereum was priced at some $516.00 and Ripple prices on the Poloniex stand at $0.62386. Notably, Yahoo Japan has expressed intentions to launch the crypto exchange. The company will create a new platform, based on BitARG.

Cryptocurrencies mostly down, market takes note of Yahoo Japan statement
Write a comment
 
Prove you’re not a bot + 10 = 29