Weekly Cryptonews
What news has been happening in the crypto market this week?
Aussie is nearly intact, Kiwi soars in late trade
On Wednesday, the Australian dollar was nearly intact versus its American counterpart, while the New Zealand dollar rallied because market sentiment on the US currency was still vulnerable amid new concerns as for geopolitical tensions between America and North Korea.
The currency pair AUD/USD stood still at 0.7594, which is off a one-week minimum of 0.7584 achieved overnight.
Financial markets were quite jittery after North Korea reported it has successfully tested a fresh type of intercontinental ballistic missile reportedly capable of reaching the whole of continental United States. However, Donald Trump hurried to assure the nation that the North Korean issue is being handled.
The currency pair NZD/USD managed to grow 0.14% being worth 0.6908. It’s off last session's two-and-a-half week maximum of 0.6945.
The US currency had regained some footing following Tuesday’s data, which showed that American consumer confidence got closer to a 17-year peak this month.
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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