US dollar extends advances on higher US equity futures
August 25, 2015 8:10 am
The US dollar prolonged its gains Tuesday following a steep losses in the last session as an increase in US stock index futures helped alleviate risk aversion.
Japanese stocks rebounded in early trade, lowering demand for the Japanese yen. However, Chinese shares slid around 4% Tuesday after the Black Monday or its worst trading session since 2007.
The greenback stood at $1.1544 per euro from Monday’s $1.1713. Against the yen, the dollar finished at ¥116.15 from ¥119.92.
Turmoil in global markets started when the People’s Bank of China decided to devalue the yuan on August 11, igniting woes the economy might be in a worse condition than previously projected.
The material has been provided by InstaForex Company – www.instaforex.com
The US dollar prolonged its gains Tuesday following a steep losses in the last session as an increase in US stock index futures helped alleviate risk aversion.
Japanese stocks rebounded in early trade, lowering demand for the Japanese yen. However, Chinese shares slid around 4% Tuesday after the Black Monday or its worst trading session since 2007.
The greenback stood at $1.1544 per euro from Monday’s $1.1713. Against the yen, the dollar finished at ¥116.15 from ¥119.92.
Turmoil in global markets started when the People’s Bank of China decided to devalue the yuan on August 11, igniting woes the economy might be in a worse condition than previously projected.
The material has been provided by InstaForex Company – www.instaforex.com
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