Greenback tumbles in Asia on Iran tensions

usd_new_1On Thursday, the evergreen buck went down in Asia, with sentiment mixed because tensions between Iran and America over a ballistic missile test this week by Tehran spurred geopolitical risk concerns while the Australian dollar gained on solid trade data.

Late on Wednesday, US National Security Adviser Michael Flynn told that the White House has put Iran on notice over the missile test, thus raising concerns over steps that America might take. Later, Donald Trump tweeted that Iran has managed to usurp power in neighboring Iraq.

The US dollar index, which evaluates the greenback’s actual value against a trade-weighted basket of six crucial currencies, sank 0.11%, hitting 99.58.

The currency pair USD/JPY reached 113.05, descending 0.17%, EUR/USD grew  0.09%, being worth 1.0780. The currency pair AUD/USD leapt 0.72%, trading at 0.7644.

In Australia, the AIG manufacturing index edged down to 51.2 for January, still expanding, though quite below the previous month level of 55.4.

 

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