Is the winter of cryptomarket finally over? Or do we get ahead of ourselves when making this statement?
Greenback grows versus yen having dropped on US political turmoil
On Monday, the major US currency ascended early Asia, drifting away from the four-month minimum versus the Japanese yen reached in the previous session on worries that White House personnel changes will affect Donald Trump's ability to pass tax reform as well as stimulus measures.
Market participants looked ahead to the Fed’s annual major banking symposium held in Jackson Hole, Wyoming, Thursday and Friday.
The evergreen buck gained 0.1% getting to 109.265 yen, having tumbled to 108.605 yen on Friday, which is its lowest reading since late April.
It definitely shrugged off the University of Michigan's consumer sentiment index that rose to its strongest value for seven months in August, showing confidence in the outlook for the American economy and also in personal finances because the American stock market holds close to record maximums.
Meanwhile, the single currency was intact on the day versus its key rivals at $1.1751 and 128.39 respectively.
On Thursday, the major US currency rebounded from its unexpected dive following dismal economic data that sparked fears about the strength of the American economy and also backed the Fed’s intention to leave rates on hold in the nearer future…
On Thursday, Bitcoin was still below the psychologically crucial $4,000 mark without any clear driver…
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…