Tag «dollar exchange rate»

03.12.2019: USD takes a nosedive (USD/JPY, AUD /USD)

03.12.2019: USD takes a nosedive (USD/JPY, AUD /USD)

In the Asian session, the US dollar was consolidating against its major rivals. Currently, market participants are awaiting news on the US foreign trade policy. The quote of the US dollar collapsed by 50 points to the level of 97.85. It was steadily declining for several hours. Such a sharp decrease was triggered by a …

31.05.2019: Traders buying up JPY (USDX, JPY, AUD)

31.05.2019: Traders buying up JPY (USDX, JPY, AUD)

Trump’s recent statements have worsened risk appetite. Traders are seeking safe-haven assets. A five percent tariff on all goods coming from Mexico will go into effect on June 10. Thus, market sentiment continues to deteriorate. Today’s data from China showed that the last imposition of US duties hammered China’s economy. In May, the manufacturing index …