What news has been happening in the crypto market this week?
Aussie and Kiwi rise as greenback dives
On Wednesday, the Australian and New Zealand dollars rallied versus their American rival, reviving from recent losses because demand for the US currency declined amid speculation the next Fed Chair could be less hawkish than anticipated.
The currency pair AUD/USD leapt 0.38% reaching 0.7865, off last trading session's two-and-a-half month minimums of 0.7786.
The previous week Fed Governor Jerome Powell as well as ex-governor Kevin Warsh were both interviewed at the White House just to replace Janet Yellen as Fed Chair next February.
While they’re considered to be serious candidates, Jerome Powell is believed to be more dovish than Warsh. Kevin Warsh heavily criticized the US key bank’s bond-buying program.
The greenback strengthened earlier in the week following rumors that Warsh might be the number one nominee to replace Janet Yellen.
The currency pair NZD/USD rallied 0.28% trading at 0.7180, drifting away from Tuesday's one-month dip of 0.7147.
A lot of political uncertainties are driving the British pound down.
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.