On Thursday, prices of the key crypto assets headed north in Asia…
Evergreen buck surges
On Tuesday, the evergreen buck rallied a bit versus its counterparts backed by an abrupt dive in the UK currency on Brexit fears as well as data disclosing a dive in the British services sector.
Gauging the American dollar’s purchasing potential versus a number of its peers the USD index surged by up to 0.17% ending up with 96.02.
The currency pair GBP/USD went down by 0.64% being worth $1.2952 due to the fact that the British services PMI index headed south to its lowest value since July 2016, driving fears about the health of the British economy with less than the two months to go until Great Britain departs from the European bloc. Losses in the UK currency versus the evergreen buck were exacerbated because fresh worries of a no-deal Brexit tacked on to the fore.
On Tuesday, British Prime Minister Theresa May told that she’s on the verge of looking for changes to the Irish backstop, although would stop short of looking for its removal from the withdrawal pact, thus driving some fears that she was wavering on her commitment to underpin the "Brady Amendment, proposing to replace the backstop with alternative solutions.
The evergreen buck was held back from dismal American services data, notwithstanding experts reaffirming the services sector was still firm.
The services side of the American economy is still performing great as the index is still staying in expansionary territory. That’s in line with the average level observed since mid-2017.
The currency pair EUR/USD went down by 0.22% being worth $1.1410 on mixed eurozone economic data disclosing a dive in retail sales, although better-than-anticipated surge in the EU’s services sector.
The currency pair USD/JPY managed to ascend by 0.09% being worth Y109.98. At the same time, the currency pair USD/CAD jumped by 0.18% hitting $1.3134.
On Thursday, the common currency stood still after evidence of strength in the Chinese economy improved the outlook for the world economy, with the financial markets looking next to EU gauges to provide the euro with a further boost…
On Wednesday, the evergreen buck stood still in holiday-thinned trade because another round of positive earnings kept pushing traders towards equities as well as other riskier assets…
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…