© Reuters. Dollar dips in Asia
Investing.com — The dollar dipped against the yen on Tuesday as the Central Bank minutes from Japan, showed no surprises, but investors remained nervous over the tensions on the Korean Peninsula, traded with a recent flood of threats with U.S. President Donald Trump.
USD/JPY exchanged at 111.62, below 0.11%, while AUD/USD traded 0.7948, up 0.14%. EUR/USD traded up 0.10% , 1.1860.
The Bank of Japan also released, showed its monetary policy meeting minutes on Tuesday, that the policy-goal-stick with the current policy framework and that there is reason to be optimistic about consumer prices to fall because of the measures of inflation expectations stopped, minutes of your. July 19-20 meeting revealed on Tuesday.
The US dollar index, which fell to the measures the greenback’s strength against a trade-weighted basket of six major currencies, 0.08% to 92.37.
A number of regional figures, wicker trade balance for new Zealand in August, in NZ$3.20 billion in the year, wider compared to NZ$2.910 billion euros expected. NZD/USD traded 0.7246, down 0.36%.
Later Singapore reports industrial production for August, with a 14.2% profit expected year-on-year and 0.4% fall on the month.
Overnight, the dollar remained broadly higher against the other major currencies on Monday after comments from New York Federal Reserve President William Dudley fresh hopes sparked a US interest rate increase before the end of the year.
The greenback strengthened after Dudley said that the Fed is on course, gradually the interest rates given factors depressing inflation «fading» and the US economy are the foundations solid.
“I expect that inflation will rise and in order to stabilize the (Fed’s) 2% target in the medium term,» he said before adding that to remove «in response, the Federal Reserve is likely to continue monetary policy accommodation gradually.»
EUR/USD fell after the German Federal election on Sunday showed the growing support for extreme right-wing party.
German Chancellor Angela Merkel won a fourth term on Sunday, but will have to build, to form a coalition government, as the Conservative support in the face of a rise in anti-immigration Alternative for Germany (AfD) is lost.
Earlier Monday, data showed that German business confidence edges lower in September. However, the reading remained close to the highest level on record, what are the dynamics in the Euro-zone’s largest economy.
GBP/USD are stable, recovering from the loss rates on Friday after UK Prime Minister Theresa May gave some new clues as to how the Brexit will be continued.
May proposed a transition period of approximately two years after the UK leaves the European Union, during which time access to the single market to the current conditions.
According to may, the speech, Rating Agency Moody’s downgraded Britain’s rating Aa2, upgraded to say the government’s plans to reduce the debt, had already knocked off course and Escape, a burden on the economy.
Also Monday, Japan’s Prime Minister Shinzo Abe called a snap General election, which will decide whether the country receives its massive economic stimulus. The vote is for October 22.
The Australian dollar was little changed, with AUD/USD at 0.7950, while the NZD/USD, a majority of new Zealand’s elections over the weekend, retired after no single party won.
The ruling National party won the votes of the greatest number, but neither of the major parties to win enough seats for a majority in Parliament, so that a round of coalition negotiations in the last days or weeks.