On Thursday, prices of the key crypto assets headed north in Asia…
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.
The common currency rallied by 0.17% trading at 1.1725 having soared by 0.41% yesterday.
Euro zone GDP figures are anticipated to demonstrate that in the second quarter the annual rate of surge speeded down a bit, while headline inflation is anticipated to stay intact.
The common currency managed to add versus the Japanese yen too. The currency pair EUR/JPY soared by 0.38% trading at 130.49.
After its latest policy gathering the BOJ promised to keep interest rates low enough.
The major bank also made minor tweaks to its asset purchase program for the purpose of making it more flexible. However, market participants had hoped for more radical moves on its part.
The BOJ’s monetary policy tweaks actually reflected the bank’s estimate that it would take more time for inflation to achieve its 2% objective.
Versus the evergreen buck the Japanese yen headed south. The currency pair USD/JPY hit 111.27 adding 0.2% for the day having hit an overnight maximum of 111.45.
Assessing the greenback’s purchasing power versus a number of its main rivals, the USD index slumped by about 0.07% hitting 94.09, rebounding from Friday’s one-week maximum of 94.7.
Market participants are waiting for the conclusion of the Fed’s two-day policy gathering on Wednesday, where it’s expected to announce its third rate lift in 2018 in September.
Additionally, the British pound managed to ascend versus the evergreen buck. The currency pair GBP/USD tacked on by 0.08% trading at 1.3142, although slumped versus the common currency. The currency pair EUR/GBP rallied by 0.11% demonstrating 0.8923.
On Thursday, the common currency stood still after evidence of strength in the Chinese economy improved the outlook for the world economy, with the financial markets looking next to EU gauges to provide the euro with a further boost…
On Wednesday, the evergreen buck stood still in holiday-thinned trade because another round of positive earnings kept pushing traders towards equities as well as other riskier assets…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
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…