US dollar practically at half-year peak vs yen

Posted 16 July, 2018

The US dollar weakened against the euro on Monday, though it posted further upturn against the Japanese currency. 

Investors, in their turn, estimated the GDP figures in China in Q2 and waited for the US economic reports. This week, the market will pay attention to the reports of the US Federal Reserve Chairman, Jerome Powell. Specifically, he is said to make a statement in the US Senate Committee on Banking this Tuesday and in the United States House Committee on Financial Services the next day. 

This morning, the US Dollar index did not show clear dynamics – the rate decreased to some 94.40 after rising to 94.61.

The US dollar to yen exchange rate increased to 112.45. For reference, the 6-months peak of 112.79 was hit last Friday. Higher demand for risk affected positions of the safe haven.

Last week, the yen lost 1.7% against the greenback.

In China, the GDP growth has expectedly slowed down, reaching 6.7%. The yuan gained 0.1% against the US dollar to 6.6866 (6.6916 earlier). 

Euro moved up to $1.1692, while the Friday session was closed at $1.1685. Positive dynamics was seen in the sterling to US dollar pair rising to 1.1352.

Notably, euro and sterling can face certain impact from the euro-area inflation report to be released this week as well as further Brexit talks.

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16 July, 2018 13:06

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