Free Trial

The US dollar was broadly bid against its.....>

FOREX
FOREX: The US dollar was broadly bid against its peers during the Asia-Pacific
session, underpinned by news that the US Senate had passed a budget proposal
that will pave the way for Republican tax reform. Dollar-yen climbed from
Y112.52 to Y113.31 and was last at Y113.18. Euro-dollar trekked lower from
$1.1858 to $1.1807, currently at $1.1813. Cable eased from $1.3160 to $1.3099,
recoveries were of the anaemic variety and the Pound was last at $1.3104. Aussie
dropped from $0.7882 to $0.7829 before pulling back to the mid-$0.7840's.
Meanwhile, Kiwi dollar was the main underperformer, the rate easing from $0.7037
to $0.6972, the local currency further weighed down by political uncertainty
with investors largely side-lined while waiting for policy details from the new
government. Kiwi was last at $0.6986. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.