Evergreen buck stands still before Fed minutes

Evergreen buck stands still before Fed minutes

On Wednesday, the greenback was intact versus a basket of the other crucial currencies after backing away from nearly seven month minimums, while China’s Yuan dropped after the country’s credit rating was reduced.

The U.S. dollar index, tracking the American currency’s strength versus a trade-weighted basket of six leading currencies, hit 97.32.

On Monday, the index reached 96.83, which is the lowest outcome since November 9. It gave up all the revenues it had made following the American presidential election in November amid worries surrounding the Trump election campaign's hypothetical links with Russia.

The greenback reached a one-week peak versus the Japanese yen, with USD/JPY soaring 0.16%, being worth 111.94.

The currency pair EUR/USD hit 1.1177, off the six-and-a-half month peaks of 1.1267 achieved on Tuesday.

The British pound grew, with GBP/USD hitting 0.13% and getting to 1.2974.




Aussie and Kiwi ascend

On Tuesday, the Australian and New Zealand dollars edged up versus their American rival notwithstanding the publication of dismal Australian data because market sentiment on the US currency turned to be vulnerable ahead of the Fed’s last policy gathering…

Greenback is steady with focus on Fed gathering

On Tuesday, the evergreen buck was sturdy enough keeping to two-week maximums against a basket of key currencies, with market participants waiting for the Fed’s policy gathering this week for new catalysts…

Bitcoin futures overleap $18,000

On Monday, the world’s craze for cryptocurrencies entered a fresh chapter as bitcoin futures shockingly ascended by one-fifth of their market value at a closely-monitored launch…


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