Dollar slips, yen gains, after Trump fires FBI chief (news: 10/05/17)

    Today's press

    • The dollar fell and the perceived safe-haven yen gained on Wednesday, after U.S. President Donald Trump abruptly fired FBI Director James Comey in a move that shocked Washington and dampened some of this week's strong risk appetite.

    • Investing.com – The U.S. dollar edged lower against its Canadian counterpart on Wednesday, as investors remained cautious amid fresh U.S. political jitters and as higher oil prices lifted the commodity-related Canadian currency.

    • Dubai: Nearly five years after it was shut down and its Pakistani CEO subsequently convicted and jailed for fraud, MMA Forex – the foreign exchange trading arm of MMA Group – is back in business and seeking investments all over again.

    • The Central Bank of Nigeria (CBN) has approved the sale of $100 million at the Wholesale Secondary Market Intervention Sales (SMIS) auction announced on Monday, May 8, 2017.

    • Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.

    • With the current acute cash crisis worsening by the day, experts have made renewed calls for the country to adopt the South African rand as Zimbabwe's anchor currency, to stem an impending economic implosion.

    Next trading day's important events

    • 0:00 (GMT+3) RBNZ Interest Rate Decision
    • 14:00 (GMT+3) BoE Interest Rate Decision
    • 15:00 (GMT+3) UK – NIESR GDP Estimate (3M) (Apr)


    Forex quotes:

    • USDJPY: 113.87
    • EURUSD: 1.0872


    Indices:

    • S&P 500: 2395.16
    • NASDAQ: 6114.96

    Source: Alpari

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