Experts: Bitcoin hasn’t reached rock bottom yet
Coming off the best trading marathon for crypto assets since late July, the world’s number one crypto currency, Bitcoin headed south on Monday…
Evergreen buck pares revenues in Asia
On Monday, the major American currency pared some of the profits it earned the previous week versus Asian currencies.
As for the CNY, it rebounded from multi-year maximums versus the evergreen buck to launch a brief week in China trade. On Friday, the long-lasting Chinese New Year holiday is expected to burst out.
The evergreen buck started the trading week versus some Asian counterparts. In mid-morning trade the US currency managed to grow versus the Japanese yen. The currency pair USD/JPY hit JPY108.73, sliding 0.05% versus the US currency. Besides this, the currency pair USD/AUD rallied versus the Australian dollar. Aussie headed south 0.23% demonstrating a reading of AUD1.2768 to the greenback.
The US Dollar Index, normally used to have the dollar’s strength versus a basket of currencies assessed, inched down 0.31% being worth 90.17 in mid-morning in Asia.
Speculations as for the probable reappointment of Haruhiko Kuroda as BOJ Chief after his first term expires in April emerged over the weekend and gained enough attention. It’s because Bank of Japan’s monetary policy is currently expected to stay extremely loose that might reduce the yen’s gains.
This week market participants are waiting for Thursday, just to have a look at the January employment data of Australia.
The evergreen buck climbed up versus the CNY/USD, demonstrating CNY6.3009 in mid-morning, ascending 0.21%.
On Monday, the PBOC had the rate for the Chinese Yuan set at 6.3001, raising it from Friday’s reading of 6.3194. Obviously, the fix rate appears to be the mid-point around which China’s currency is permitted to trade with fluctuations of 2% on either side of the fix officially allowed.
China’s major currency reached all-time maximums versus the greenback the previous week. In general, the Chinese Yuan gained ground because its American rival sagged due to a stock market rout, hopes for higher interest rates as well as a strengthening economy.
Similar
US dollar moves down
On Monday, the evergreen buck lost versus its counterparts, suppressed by a stronger UK pound in the face of strengthening hopes of a UK-EU Brexit deal…
Key crypto assets leap
On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
Greenback edges down
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…
Deposit with your local payment systems
