On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
Dollar index sags to multiweek minimums
On Thursday, the greenback extended losses, taking a particularly hard hit versus the British pound, Assue and euro following a steep dip in American Treasury yields.
Trading was still thin because a great number of market participants were believed to stay away until after the New Year holiday.
A measure of the greenback versus a basket of six major counterparts, the ICE US Dollar Index headed south 0.4% trading at 92.676.
As for the WSJ Dollar Index BUXX evaluating the US dollar versus 16 counterparts, it slumped 0.3% being worth 86.32.
Both indexes have dived in 7 of the last 8 trading sessions, while both are approaching levels not observed in more than a month.
Late on Wednesday, in New York the currency pair EUR/USD tacked on to $1.1928 from $1.1896, getting closer to levels not observed since late November.
GBP/USD inched up to $1.3433 versus Wednesday’s outcome of $1.3400.
Versus the Japanese yen, the evergreen buck dived to ¥112.81 versus ¥113.25 in the previous trading session.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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…