The most popular digital coin, Bitcoin is still firm on Monday notwithstanding a recent rebound from $6,500…
Greenback extends its losses
On Thursday, the greenback extended its losses versus a group of its opponents due to the fact that a leap in the UK currency resumed on the back of expectations that the EU and Britain are making real progress in Brexit negotiations.
Evaluating the purchasing potential of the key American currency against its primary rivals the USD index headed south by 0.81% trading at 96.12 having leapt by 2.3% in October.
The UK pound built on early profits. The currency pair GBP/USD rallied by 1.46% being worth 1.2950.
The UK currency was backed by reports that the EU and Great Britain are close to an agreement, which will enable British financial services companies to have continued access to EU markets after Brexit.
The UK pound gained an extra boost after the Bank of England told that there’re scenarios where interest rates could be lifted in case of a no-deal Brexit.
The Bank of England left interest rates intact and added that uncertainty over Brexit is still putting pressure on the British economy.
The common currency slumped a bit versus the UK pound. The currency pair EUR/GBP slipped by 0.77% being worth 0.8809.
Versus the evergreen buck, the common currency jumped. The currency pair EUR/USD hit 1.1403, ascending by 0.81%.
The evergreen buck demonstrated minor reaction to American economic reports disclosing that the labor market keeps tightening, although manufacturing activity speeded down in October.
As the Department of Labor informed, applications for initial jobless claims tumbled the previous week, and the total number of people getting benefits appeared to be the lowest for over 45 years.
The Institute of Supply Management revealed that in October its index of national factory activity headed south to 57.7 from September’s reading of 59.8.
The greenback dived versus the Japanese yen. The currency pair USD/JPY declined by 0.24% being worth 112.65.
On Monday, the evergreen buck built on the previous week's profits and jumped to a 16-month maximum due to the fact that investors actually expect the Fed to keep tightening monetary policy, although the UK pound was still pressured against the backdrop…
On Friday, the American dollar was intact versus other currencies due to the fact that inflation numbers underpinned continued rate lifts from the key US financial institution…
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…