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On Wednesday, the evergreen buck declined versus a basket of currencies and also dived against the common currency in thin holiday trade. Meanwhile, a soar in commodity prices helped to push the Canadian as well as Australian dollars to their highest value in two months.
Market participants told that there was little news to back the euro's ascend, although some traders have hinted at a probable strengthening in the euro into the new year after a stellar 2017 in which the common currency had its best year versus the US dollar since 2003.
As for sterling markets, they were quiet – the British pound gained 0.1% being worth $1.338.
On Tuesday, crude had soared to 2-1/2 year maximums, underpinned by news of an explosion on a Libyan oil pipeline and also voluntary OPEC-led supply cuts. On Wednesday, copper leapt to their highest value for three and a half years.
The greenback went down 0.1% versus a basket of key currencies hitting 93.193.
For the last week, crypto assets jumped, backed by a 25% leap in Bitcoin Cash, in contrast with a backdrop of further indications of sluggishness in fiat currencies, including the evergreen buck…
On Monday, the evergreen buck slumped to a two-and-a-half week minimum because market participants pulled back ahead of the Fed’s meeting a bit later in the week…
On Friday, key crypto assets showed mixed performance in Asia, with mild movements because the trading week drew to its end…
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…
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