Weekly Cryptonews
What news has been happening in the crypto market this week?
Greenback declines in Asia as Japanese yen rebounds
On Tuesday, in Asia, the US currency gave up early revenues, with the Japanese yen on the rebound having dropped overnight on hopes for continued monetary as well as fiscal stimulus in the wake of snap surveys at the weekend.
The currency pair USD/JPY demonstrated 113.32, decreasing 0.11%, AUD/USD hit 0.7817, soaring 0.12%, while EUR/USD rallied 0.12% being worth 1.1763.
As for the US dollar index, tracking the greenback’s value against a trade-weighted basket of six key counterparts, it slumped 0.11% showing 93.62.
Overnight, the evergreen buck traded at three-month maximums versus the Japanese yen because market participants expected the BOJ to keep losing monetary policy measures after Japanese Prime Minister Shinzo Abe managed to win a snap election for his party.
The soar in the evergreen buck pressured the common currency. The euro dived to a nearly one-week minimum amid everlasting political uncertainty in Spain.
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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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