The major financial institutions of Afghanistan and Tunisia are geared up towards issuing a Bitcoin bond…
Evergreen buck goes down
On Wednesday, the evergreen buck declined, while the UK pound rallied in Asia because British Prime Minister Theresa May told that she’d ask the European bloc for an extension of the Brexit deadline.
As a matter of fact, the currency pair GBP/USD jumped by 0.2% hitting 1.3136.
Fears over a no-deal Brexit receded after May proposed cross-party negotiations with Jeremy Corbyn, the leader of opposition in order to break the Brexit logjam.
May emphasized that the extension would be as short as possible, probably before May 22, in order to set Britain free from participating in EU elections.
Besides this, the USD index tracking the US currency versus a group of other peers went down by 0.2% ending up with 96.768 against the backdrop of a deceleration in durable goods spending.
Furthermore, durable goods orders went down for the first time for three months, as data on Tuesday revealed, contributing to signs that the deceleration in the American economy at the end of 2018 could extend.
The currency pair AUD/USD tacked on by 0.4% being worth 0.7097. Eventually, on Tuesday, the Reserve Bank of Australia left interest rates on hold at 1.5% exactly as anticipated. In a statement, Australia’s major financial institution kept describing the outlook for household spending as an area of uncertainty for the Australian economy.
Previously, the Australian Bureau of Statistics informed that Australia’s retail sales headed north by 0.8% in February month-on-month, which appears to be the fastest tempo since November 2017, confounding hopes for a smaller leap of 0.3%.
Furthermore, data also revealed that trade surplus tacked on to an all-time maximum.
The currency pair USD/CNY declined by 0.2%.
Besides this, the currency pair USD/JPY hit 111.48, rallied by 0.2%.
On Friday, the evergreen buck is holding near a two-week maximum, on what needs to be a quiet trading session for currencies with most other key American as well as global exchanges unavailable due to the observance of Good Friday…
On Thursday, prices of the key crypto assets headed north in Asia…
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…