Economic news

U.S. dollar firms against Japanese yen, Aussie recovers

The S&P 500 grew on Monday due to technology and industrial sectors earnings, diminishing the so called “fear gauge” or officially the Cboe Volatility index to its lowest border for 4 month, to 15.60.

us dollar vs aussie 0502Photo: Reuters

MSCI’s World index marked the 2-month high, having risen for more than 13 percent due to Fed’s switch and pausing of interest rates hikes amid cloudy U.S. outlook, fears on global growth and the Sino-American trade talks.

It’s important to mention, that on Monday Powell has also told to Treasury Secretary Steven Mnuchin and President Donald Trump, that “the path of policy will depend entirely on incoming economic information.”

The dollar’s index was slightly changed versus 6 major currencies at 95.847, showing the 0.27 percent growth the day before.

The greenback remained flat against the yen at 109.91 with a light rise to 110.165, marking its highest level in 5 weeks.

The Aussie added 0.5 percent to $0.7260 swept away the earlier losses.


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