Having hit $4,000 for the first time for six weeks on expectations that the US Securities and Exchange Commission will soon approve investment vehicles, which would broaden Bitcoin’s appeal, the number one crypto assets rebounded on Wednesday…
Common currency rallies ahead of Trump-Juncker negotiations
On Wednesday, the common currency managed to leap ahead of a gathering, including American leader Donald Trump as well as European Commission President Jean-Claude Juncker. However, profits turned out to be limited with market participants cautious about a trade clash between the two leading economies.
The lack of clarity as for where an escalating trade clash between the European Union and America is heading actually kept most major currencies intact, including the evergreen buck.
The negotiations showed up after America slapped duties on EU aluminum and steel as well as Donald Trump's threats to come up with extra measures against EU-made vehicles.
The common currency tacked on by up to 0.1% being worth $1.1694. Against a pack of main currencies the evergreen buck stood still, sticking with 95.55.
The common currency keeps fluctuating in a sideways range notwithstanding the risk of a trade conflict getting increasingly apparent and also despite numerous political lapses on the part of American leader.
Market participants were also closely watching a ECB policy gathering on Thursday for fresh clues.
Versus the Japanese yen the evergreen buck managed to tack on by up to 0.1% being worth 111.32 yen.
Early this week the Japanese gained some support on hopes that the BOJ might be considering scaling back some of its hawkish monetary stimulus.
Meanwhile, the Australian dollar went down reacting to Wednesday’s data, which disclosed that inflation was still low the previous quarter notwithstanding firm economic surge. It dived 0.2% getting to $0.7407.
Risk appetites were generally solid, underpinned by firm American corporate revenues as well as expectations that China is going to ramp up fiscal support for its national economy.
In addition to this, the offshore Yuan edged up by up to 0.3% trading at 6.7905 per dollar.
On Wednesday, the evergreen buck slumped versus the common currency and the UK pound because a dive in American Treasury gains diminished its attractiveness in the face of hopes for dovish news on interest rates from the major US bank…
On Tuesday, the evergreen buck kept slumping for three sessions in a row because dovish remarks from a Fed representative put downward pressure on the US currency…
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…