On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Greenback dives with tax reform bill eyed
On Friday, the evergreen buck went down versus other key currencies because traders were still awaiting upbeat news on a highly-anticipated American tax reform bill.
Market sentiment on the US currency was still fragile after on Thursday the US Senate postponed a vote on the tax reform bill until Friday because a major element of the bill still required to be negotiated.
Assessing the greenback’s actual value versus a basket of six main currencies, the US dollar index was intact sticking to 92.92.
The currency pair EUR/USD rallied 0.10% being worth 1.1915, GBP/USD relieved 0.08% hitting 1.3518m, which is off a two-month maximum of 1.3550 reached overnight.
The euro was underpinned by expectations of progress in Germany after Angela Merkel's party held negotiations late on Thursday with centre-left Social Democrats to assist in the formation of a government coalition.
Additionally, hopes for an upbeat outcome to everlasting Brexit talks kept lending broad support to the British pound.
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
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…