The Japanese yen marked a second consecutive trade session of losses against the world’s reserve currency on Tuesday as the central bank of the U.S. convenes two days of meetings, Bloomberg reports.
Anticipation about two days of policy meetings of the central bank of the globe’s largest economy pushed up copper futures on Monday, according to Bloomberg.
The Japanese yen on Monday plunged 0.2 percent minimum against each of its top 16 counterpart currencies on Monday as global stocks were showing strength, tampering demand for haven assets, Bloomberg reports.
The Japanese yen on Friday advanced against the vast majority of its competitor monetary units after the most recent Bank of Japan meeting included one supporter of pulling back on economy-spurring measures for a period lasting two years, Bloomberg reports.
Gold futures on Thursday were performing erratically on commodity markets, swayed by losses to the U.S. dollar and an increased growth estimate for the globe’s largest economy issued by the World Bank, according to Bloomberg.
The U.S. dollar on Wednesday lost value in advance of economic data that is projected to indicate how the U.S. Federal Reserve will move forward with its economy-spurring monetary easing policies, Bloomberg reports.
The Australian dollar on Wednesday lifted from near its three-year lows against the U.S. dollar, reversing three consecutive trading sessions of losses against its cross-Pacific rival, Bloomberg reports.
Conjecture about the central bank of the U.S. tapering off its economy-spurring monetary easing program pulled down gold futures on Tuesday, according to Bloomberg.
Underwhelming economic data about the housing market pulled down the Australian dollar on Tuesday against the world’s reserve currency as the Aussie dropped near its three-year low against the dollar, Bloomberg reports.
The Japanese yen climbed in value on Tuesday against its major rivals after the Bank of Japan decided against continuing on with its aggressive monetary easing policies that the institution has implemented since December of last year, Bloomberg reports.