On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
Greenback dives, but staying backed by US tax expectations
On Monday, the evergreen buck declined versus other key currencies, although remained backed by expectations that a key American tax overhaul will be approved before the Christmas holiday.
The US currency was underpinned after on Friday Republicans put the final strokes on a sweeping tax overhaul bill.
They don’t doubt that this week Congress will have the tax bill approved.
Evaluating the greenback’s strength versus a basket of six crucial currencies, the US dollar index headed south 0.09% being worth 93.38.
The currency pair EUR/USD rallied 0.13% trading at 1.1763, GBP/USD gained 0.16% being worth 1.3344.
The common currency gained support after on Friday Germany's Social Democrats decided to start coalition negotiations with Chancellor Angela Merkel, thus giving a chance to end Germany’s political deadlock.
The currency pair USD/JPY managed to grow 0.10% hitting 112.71.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…