Yuan Moves Down Against the Dollar.Pound Trades Flat, May to Resign in Two Days.

Yuan moves Down against the Dollar.UK Prime Minister Theresa May is likely to Resign within the next Two Days. Yuan moves down against the Dollar today during the Asian session. The Pound however traded flat in spite of the reports that the UK Prime Minister Thresa May is likely to resign within the next two days. The USD/CNY currency pair …

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Dollar Trades Flat. Pound Moves Up as May Presents a New Brexit Deal.

Dollar Trades Flat. US grants China’s Huawei Technologies the License to Buy U.S. Goods for 90 Days. Dollar trades flat, it showed fewer movements today during the Asian session whereas the Pound moved up after the UK Prime Minister Theresa May presented a new Brexit deal. The US Dollar index which tracks the Dollar against the other currencies remained unchanged …

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Australian Dollar Slips against its US Counterparts. AUD/USD Trades Down by 0.3%

Australian Dollar Slips against its US Counterparts. AUD/USD Trades Down by 0.3%. RBA shows hints on a Rate Cut in June. Australian Dollar Slips against its US Counterparts. Today during the Asian session the Australian Dollar slipped against its US counterparts. The AUD/USD currency pair traded down by 0.3% to the 0.6888 level. The currency pair traded 1% high against …

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Trump says any Agreement with China Cannot be a 50-50 Deal.

Trump says any Agreement with China Cannot be a 50-50 Deal. Tariffs imposed on Chinese goods make Companies Move Production out of China. Trump says any agreement with China cannot be a 50-50 deal. He also said that the tariffs imposed on Chinese goods are making companies move their production out of China to Vietnam and other Asian countries. In …

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Bitcoin Prices Fall by 11%. Capital Outflows Exceed the Inflows.

Bitcoin Prices Fall by 11%. Capital Outflows Exceed the Inflows. The other Major Cryptos such as Ethereum and Litecoin also Fall. Bitcoin Prices Fall by 11% after a strong recovery in the past week which moved it to a 10 month high. Bitcoin traded down by 11.48% at the $ 7185.9 level. The price of Bitcoin fell by 20% on …

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Australian Dollar Slid against the US Dollar as Unemployment Rate Jumps

Australian Dollar Slid against the US Dollar as the Unemployment Rate jumped to the Highest level. Australian Dollar slid against the US Dollar during the Asian session. This was because Australia’s unemployment rate jumped to the highest level when compared to the last eight months. Analysts had expected the unemployment rate at 5.1 percent but however, it increased to 5.2 …

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Dollar Trades Flat. Beijing Hits Back against Washington’s Recent Tariff.

Dollar Trades Flat. Washington Ignites Trade Tensions by Increasing the Tariffs on Chinese Products. Dollar trades flat, on Monday the Dollar traded flat against the other currencies. It was pressured by the rise in the safe haven Yen as Beijing hit back against Washington’s recent tariff. The US Dollar index which tracks the Dollar against the other major currencies fell …

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Yen Continues to be Strong amid Weaker Treasury Yields & Equities

Yen Continues to be Strong amid Weaker Treasury Yields and Equities. No Progress shown in the US-China Trade Talks. Yen continues to be strong in spite of the weaker Treasury Yields and Equities. The overall risk sentiment helped to move the currency pair to a low near the 109.60 level but at present, the price is moving between the 109.70 …

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