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…
Evergreen buck stands still backed by US Treasury bonds
On Thursday, the US currency stabilized to a basket of leading currencies, underpinned by a rise in US Treasury bond yields. It’s because investor appetite for risky assets improved, although the continued concern about the Washington-Beijing trade dispute limited the growth of the currency.
The US dollar index dived 0.02%, diving to 89.608 having ascended 0.1% on Wednesday.
The evergreen buck tacked on by 0.17% to yen to 107.41 yen.
Strengthening of the dollar was limited taking into account the growth in yield on 10-year treasury bonds, which gained more than 5 basis points yesterday, demonstrating the maximum one-day revenue since March 2.
The common currency rallied by 0.07% to $1,2381 after a slight ascend the day before.
The Japanese yen didn’t react to the meeting between US President Donald Trump and Japanese Prime Minister Shinzo Abe, who agreed to intensify consultations on trade issues.
The Turkish lira went down versus the dollar after rising more than 2% the day before due to the fact that the country's President Tayyip Erdogan called for early elections in June, which is more than a year earlier than planned.
The Turkish lira dived by 0.21% against the Us dollar hitting 4.02 lira per dollar.
The Canadian dollar dived 0.6% to the US dollar after the comments of the Bank of Canada, which investors found not aggressive enough.
On Wednesday, the regulator told that it will keep lifting the rate, refraining from this decision at the end of the April meeting, but noted that it does not know when it will be required and how aggressive the policy should be tightened to keep inflation.
On Thursday, the Canadian dollar rose 0.07% to C$1.2618, although drifted away from the seven-week maximum of C$1.2528 hit before the regulator's gathering.
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…