US dollar weakens against G10 currencies, Japanese investors buy foreign bonds, oil prices drop below $80.

From Investing.com: 2024-08-16 10:21:00

The US dollar weakened against all G10 currencies today, with the euro being the strongest. Japanese investors were net buyers of foreign bonds for the second consecutive week. Most greenback trading was heavier against emerging market currencies, except for the Chinese yuan. Oil prices dropped below $80, possibly heading towards a $1 drop. In other news, Japan and Australia see flash August PMI data next week. The UK experienced a modest increase in July retail sales, and the euro remained resilient despite strong US data.



Read more at Investing.com: Week Ahead: US Dollar Softens Into the Weekend, but Heavy Data Promises Volatility