Trading news

Dollar trades lower amid Japan's warning

Dollar turns lower versus its counterpart, the yen, amid Japan's warning on interfering in the FX market, and as investors and traders cashed out their profits.

U.S. dollar and yen trade lower to 108.72

The USD/JPY pair fell from the 109.36 zone, Tuesday's high, to 108.72, and recorded a declination of 0.51%.

Following Taro Aso's, Japan's Finance Minister, statement, should it be the scenario where the yen is not able to affect the economy positively, that the financial authorities will intervene in the FX market, the U.S. dollar gained versus the yen.

Moreover, the EUR/JPY traded at 123.76, falling from 124.43, weakening 0.41%, whereas the EUR/USD climbed to 1.1390, appreciating 0.17%. The U.S. dollar index traded at 94.06, sliding 0.17%.



Read More

Wednesday, 11 May, 2016 / 8:13

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/dollar-trades-lower-amid-japan-s-warning

Trading news

 

AUD/NZD: Bull ready to move upon a breakout at a key level

AUD/NZD has been bullish in the daily chart. The pair produced a doji candle [...]

Posted on Friday, 07 Aug, 2020 / 12:21 under

EUR/USD Examins Upward Trendline Support - Checkout Quick Trade Idea! 

The EUR/USD is trading with a slight bearish bias at 1.1820 level, mainly due [...]

Posted on Friday, 07 Aug, 2020 / 10:33 under

Trump fans the geopolitical flames ahead of NFP

Nonfarm payrolls to set the tone for markets, along with stimulus [...]

Posted on Friday, 07 Aug, 2020 / 8:39 under