On Monday, the British pound dropped in Asia, as tension over Brexit as well as a probable Scottish referendum on independence clouded the outlook while the Australian dollar grew on company earnings data for the fourth quarter.
In Australia, company GDP revenues surged 20.1% during the fourth quarter, quite above the 8% profit expected.
The US dollar index, traditionally evaluating the greenback’s value against a trade-weighted basket of six crucial currencies, dived 0.05%, reaching 101.07.
The currency pair GBP/USD reached 1.2426, sliding 0.29%, while AUD/USD demonstrated 0.7679, rising 0.13%. Meanwhile, USD/JPY showed 112.02, declining 0.12%.
Ahead this week, on Tuesday, financial markets will focus on Trump’s address to Congress for further details on his pledge of tax reform, deregulation as well as infrastructure spending and a handful of Fed appearances, especially Fed Chair Janet Yellen on Friday.
