Weekly Cryptonews
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.
Similar
The British pound continues to go down as political risks intensify.
A lot of political uncertainties are driving the British pound down.
The USD may be supported by the releases
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
Latest news
Gold heads south on tumbling greenback
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
European equities conclude in positive territory for the fifth consecutive week
On Friday, European stock indices fluctuated at the beginning of the trading session…
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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