Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
Aussie leaps, Kiwi tumbles on Fed decision
On Thursday, the Australian dollar ascended versus its American rival, while the New Zealand dollar lost having hit multi-month peaks because the Fed disappointed market participants by leaving its 2018 interest rate outlook intact.
The currency pair AUD/USD gained 0.37% trading at 0.7665, which is the highest outcome since November 10.
In a widely anticipated move, the key US bank lifted interest rates to 1.50% by 0.25 basis points at the conclusion of its policy gathering on Wednesday.
The Fed didn’t change its projections for next year, including three more interest rate lifts in both 2018 and 2019, thus confounding hopes for four rate lifts in 2018.
However, the US dollar’s losses were believed to remain restricted because on Wednesday Congressional Republicans reached a compromise on final tax legislation, thus clearing the way for concluding votes next week.
The currency pair NZD/USD dived 0.26% reaching 0.7006, off last session's almost two-month maximum of 0.7027.
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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