Currency – The dollar close to a lowest in a week against the yen


© Reuters. The dollar is close to a lowest in a week against the yen

Investing.com – The dollar remains close to its lowest in a week against the yen on Tuesday, as investors remain cautious after the indictments in the case of interference in Russian in the american presidential election of 2016.

The USD/JPY is at 113.07 at 04:39 AM ET (08:39 AM GMT) after falling to 112.96.

The dollar is under pressure after the us investigators in the case of the interference in Russian during the presidential election of 2016 have indicted the former manager of president’s campaign, Donald Trump, Paul Manafort, and a wizard Rick Gates for money laundering on Monday.

The special prosecutor, Robert Mueller is also investigating the potential obstruction of justice Trump in the dismissal of FBI director James Comey.

Investors fear that these accusations to divert the attention of the legislative programme of Trump and, in particular, of the reform of taxation.

Investors await the latest policy decision from the Federal Reserve on Wednesday, in search of clues to the trajectory of interest rates this year and in view of the u.s. employment due Friday.

The american president Donald Trump is considering to nominate Jerome Powell to head the Federal Reserve, which would draw attention to the continuity of the monetary policy. Powell is perceived as less falcon that the economist John Taylor, the other candidate to lead the Fed.

The yen reacted little to the decision of the Bank of Japan to keep rates unchanged Tuesday, as expected.

The euro declined with the EUR/USD to 1.1643 in view of the economic growth in the third quarter of the euro zone, as well as employment and inflation.

Economists are counting on a growth of 0.5% from 0.6% last quarter.

The book is stable, with the GBP/USD at 1.3213 after rising 0.6 percent Monday on forecasts that the Bank of England will increase its rates for the first time in a decade on Thursday.

The australian dollar declines with the AUD/USD down to 0.7678 after figures have shown that the growth of the chinese industry had slowed more than expected in October.

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