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The US Dollar was on the backfoot during Thursday trading in London after the US central bank was seen as unexpectedly dovish in its latest policy minutes.
Asian shares were broadly higher on Thursday morning after the U.S. Federal Reserve took a cautious approach to future interest rate hikes and the plan to reduce its $4.5 trillion of bond holdings.
The US Dollar was mixed after one Federal Reserve official helped to raise expectations that the central bank is likely to raise interest rates again this year after all.
Chinese stocks plummeted more than 1 percent on Wednesday morning before rebounding slightly after the Moody's Investor Services downgraded China's debt ratings from A1 to Aa3.
Oil prices were lower on Tuesday morning after U.S. President Donald Trump suggested selling half the nation’s strategic oil reserves to raise $16.5 billion.
The U.S. dollar hovered near six-month lows during Monday’s Asian session as political turmoil kept traders on edge.
There are fewer high-impact news items scheduled this week, compared to last week. However, very important central bank input is due from the Federal Reserve of the United States, which is quite likely to provide some significant market volatility, as well as from the Bank of Canada. OPEC will be meeting towards the end of the week.
The US Dollar edged higher on Friday, generally due to better than expected economic data from the US which helped to temper the latest sell off in the wake of the fallout from the Trump debacle.
Despite a short rally, the US Dollar remains under pressure and was broadly lower. Safe haven demand was also markedly higher in the aftermath of yesterday’s announcement from the US Justice Department that a special investigator has been appointed.
Asian markets retreated on Thursday morning, following Wall Street’s biggest decline of the year on Wednesday as investigations continue into U.S. President Donald Trump and his alleged transfer of classified information to Russia.
The Japanese Yen and the Swiss Franc both hit multi-week peaks versus the US Dollar as the scrutiny into the Donald Trump White House escalates.
Asian markets were broadly lower on Wednesday morning as the yen bounced back on political concerns regarding U.S. President Donald Trump.
The common currency Euro edged higher against the Dollar and hit level not seen since early November, when the US first elected Donald Trump as president.
Japan’s Nikkei 225 share average hit a 1-month high no Tuesday as a continually weakening yen bolstered the export sector and traders enjoyed optimism from Wall Street’s continued bull run.
The Canadian Dollar hit two-week highs on Monday and the Australian dollar saw 10-day highs after a bounce in oil prices lead to a rise in commodity-linked currencies.