Weekly Cryptonews
What news has been happening in the crypto market this week?
Greenback adds in Asia as US tax cuts eyed
On Wednesday, the major US currency leapt versus the Japanese yen with the focus on the probable unveiling of ambitious plans for American tax cuts later in the day.
The currency pair USD/JPY demonstrated 112.47, climbing 0.20%, AUD/USD lost 0.15% being worth 0.7874. Besides this, GBP/USD dived 0.12% showing 1.3443, and EUR/USD sagged 0.10% trading at 1.1781.
Estimating the greenback’s actual strength versus a trade-weighted basket of six crucial currencies, the US dollar index rallied 0.11% being worth 92.91.
Overnight, the greenback edged up versus a basket of key currencies because market participants were digesting Fed Chair Janet Yellen's comments reaffirming the major financial institution’s view that lifting interest rates gradually appears to be the most appropriate policy measure.
The currency pair EUR/USD went down as worries over the political fallout in Germany kept unrolling, putting pressure on the euro and pushing it to a one-month minimum.
Similar
The British pound continues to go down as political risks intensify.
A lot of political uncertainties are driving the British pound down.
The USD may be supported by the releases
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
Latest news
Gold heads south on tumbling greenback
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
European equities conclude in positive territory for the fifth consecutive week
On Friday, European stock indices fluctuated at the beginning of the trading session…
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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