Weekly Cryptonews
What news has been happening in the crypto market this week?
Greenback goes down on soaring commodity currencies
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.
Similar
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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