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On Friday, the common currency reached a six-week maximum versus the evergreen buck, with traders optimistic about the strength of the euro zone's revival after firm economic data this week.
Since Monday the euro has gained approximately 0.7%, putting it on course for a third straight week of revenues versus the US currency.
The common currency had started the trading week on the back foot, affected by political uncertainty in Germany as coalition negotiations didn’t appear to be successful. Nevertheless, the euro recovered rapidly because traders focused on a robust surge outlook for the EU, while the greenback dipped broadly.
Issued on Thursday, the minutes from the ECB’s recent policy gathering showed that policymakers had generally agreed on extending the quantitative easing at a lower level, although a decision to keep the asset purchases open-ended generated fiercer debate.
In London trade the common currency hit $1.1865, which is its strongest outcome since October 13.
For the last week, crypto assets jumped, backed by a 25% leap in Bitcoin Cash, in contrast with a backdrop of further indications of sluggishness in fiat currencies, including the evergreen buck…
On Monday, the evergreen buck slumped to a two-and-a-half week minimum because market participants pulled back ahead of the Fed’s meeting a bit later in the week…
On Friday, key crypto assets showed mixed performance in Asia, with mild movements because the trading week drew to its end…
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…
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