Weekly Cryptonews
What news has been happening in the crypto market this week?
Aussie and Kiwi stand still vs. weaker greenback
On Thursday, the Australian and New Zealand dollars were intact versus their American counterpart because the US currency moderately recovered from losses posted after the publication of the minutes of the Fed’s latest policy gathering.
Trade volumes were believed to remain thin enough with American markets unavailable on Thursday because of the Thanksgiving holiday.
The currency pair AUD/USD didn’t change sticking to 0.7623.
The US currency initially went down after the minutes of the Fed's most recent gathering showed that some policymakers were still concerned over constantly low inflation.
Additionally, the report also disclosed that the Fed actually expects to lift interest rates in the nearer future, driving expectations for a December rate increase.
However, the Fed added that economic data is going to determine the timing of future rate lifts that could potentially mean a slower tempo than expected for next year.
The currency pair NZD/USD stood still at 0.6880.
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.
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RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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