Crypto assets slump amid market selloff
On Tuesday, key crypto assets declined in Asia due to the fact that digital token companies are reducing their staff in the face of a huge market selloff…
Greenback holds steady after American jobs report
On Monday, the evergreen buck didn’t change versus a currency basket, having rebounded from 15-month minimums on the back of a sturdy US jobs report because market participants waited for major inflation data later this week.
The US dollar index, normally estimating the greenback’s value versus a trade-weighted basket of six crucial currencies, stuck to 93.32, having ascended 0.72% on Friday.
The rebound arose after the index went down to 92.41 on Wednesday, which is its lowest value since May 2016.
On Friday, the Labor Department informed that the previous month the American economy gained 209,000 jobs, surpassing hopes for a revenue of 183,000.
Market participants were looking ahead to American inflation reports later in the week for fresh clues as for whether the revival in the greenback is sustainable in the longer term or not.
Versus the Japanese yen the greenback stood still, with USD/JPY sticking to 110.74, staying below Friday’s maximum of 111.04.
The common currency, which hit a two-and-a-a-half year maximum of 1.1909 on Wednesday, grew a bit, with EUR/USD ascending 0.14% being worth 1.1786, having dropped 0.83% on Friday.
Similar
Evergreen buck goes down amid US-China trade negotiations
On Tuesday, the evergreen buck declined on reports that America and China are moving to the next stage of their trade negotiations…
UK pound keeps to 20-month minimum on Brexit setback
On Tuesday, the UK pound kept to a 20-month minimum versus the evergreen buck because UK Prime Minister Theresa May delayed a decisive vote on her Brexit agreement, thus increasing the risk of a chaotic departure from the European bloc…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
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 real wages surge is slowest in almost two years
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…
Deposit with your local payment systems
