The world’s reserve currency surged higher in value on Monday against the currency of Japan, benefiting from Standard & Poor’s upgrading the credit outlook of the U.S., Reuters reports.
The U.S. dollar on Friday achieved healthy gains against the common currency of the European Union on foreign exchange markets in the aftermath of strong jobs data released by the owner of the globe’s largest economy, according to Bloomberg.
The Japanese yen on Friday lengthened its biggest weekly advance against the world’s reserve currency after the nation’s finance minister said there are no plans manifesting to spur the economy, Bloomberg reports.
The U.S. dollar’s strengthening halted on Wednesday, providing an aperture for gold futures to push past the threshold price of $1,400 per troy ounce, according to Bloomberg.
The reduced pace of development and growth in Australia pulled down the value of the nation’s monetary unit on Wednesday, Bloomberg reports.
The Japanese yen climbed against the U.S. dollar on Wednesday after prime minister Shinzo Abe did not go into specifics of his next efforts to spur the world’s third-biggest economy, Bloomberg reports.
Speculation that the world’s largest economy will refrain from slashing monetary stimulus prompted the Japanese yen to slip against the world’s reserve currency on Tuesday, Bloomberg reports
Speculation that the central bank of the U.S. will not soon taper off its economy-spurring asset purchases prompted gold futures to barrel toward their strongest weekly performance in more than four weeks on Friday, according to Reuters.
The monetary unit of Canada climbed against the U.S. dollar on Thursday, advancing from near its lowest level in one year amid conjecture that the central bank of the U.S. will continue monetary stimulus policies longer than expected, according to Bloomberg.
Manufacturing slippage in the world’s second-largest consumer tugged down Brent crude oil futures on Thursday as the energy commodity marked a third-straight trading session of losses, Bloomberg reports.