On Friday, digital coins went up, with Bitcoin making its way towards the psychologically crucial $4,000 level…
Aussie tacks on as RBA holds
On Tuesday, the Australian dollar held revenues in Asia just a few ticks above 0.80 versus the US currency even as the major bank warned Australia’s currency turned to be a factor in interest rate views.
Assessing the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index gained 0.06% sticking to 92.73.
The currency pair AUD/USD rallied 0.36% showing an outcome of 0.8032. Meanwhile, the currency pair USD/JPY demonstrated 110.20, descending 0.05%.
The Reserve Bank of Australia didn’t change its interest rates, leaving them intact at a record minimum 1.5% just as expected on Tuesday, hinting at the potential impact of a strengthening Australian dollar.
Overnight, the evergreen buck languished at more than 14-month minimums versus a basket of global currencies because investors kept betting against the American currency after a mixed pair of economic reports put pressure on market sentiment.
Is the winter of cryptomarket finally over? Or do we get ahead of ourselves when making this statement?
On Thursday, the major US currency rebounded from its unexpected dive following dismal economic data that sparked fears about the strength of the American economy and also backed the Fed’s intention to leave rates on hold in the nearer future…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…