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Day: February 12, 2019
February 122019
Japanese Yen Weakens to Lowest Level in 2019 on Poor Data
The Japanese yen has slipped to its lowest level against its major currency counterparts in 2019 on Tuesday. Because of soft economic data and the central bank maintaining an accommodative monetary policy, analysts feel that Tokyoâs economic growth could be threatened in 2019, sending the yen lower. The latest reports suggest that Japanese manufacturing and services reports contracted. Tertiary Industry Activity Index, a measurement of the value of services bought by companies, […]
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February 122019
Euro Recovers From Yearly Lows on Trade Optimism and US Politics
The euro today dropped to new 2019 lows against the US dollar in the early European session as the selling pressure on the single currency mounted. The pair reversed its losses later in the session as investor sentiment shifted and the US dollar gave up some of its earlier gains. The EUR/USD currency pair today fell to a new yearly low of 1.1257 before rallying higher and hitting a daily high of 1.1303 driven largely by changing investor sentiment. […]
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