The major financial institutions of Afghanistan and Tunisia are geared up towards issuing a Bitcoin bond…
Greenback inches down
On Wednesday, the evergreen buck slipped versus a pack of crucial currencies, diving for a second day in a row because trade clashes receded, while the British currency hovered over one-year minimums, pushed down by everlasting Brexit uncertainty.
Assessing the purchasing potential of the main American currency versus its primary rivals, the USD index hit a minimum of 94.82 having dived by 0.2% the day before. Apparently, the previous week the USD index achieved the highest value for almost a year, underpinned by soaring American interest rates as well as worries over the influence of trade conflicts.
The recent ascend in the evergreen buck has receded because worries over global trade tensions weakened, thus affecting safe haven demand for the US currency.
Trade tensions were still in focus after on Tuesday the current US presidential administration told that it’s geared up towards slapping 25% duties on another $16 billion of Chinese products later this month.
The given move appears to be the latest by the US government to force China to start negotiating trade concessions after it had slapped duties on $34 billion of products in July, this driving promises from the Asian country to adequately respond.
The evergreen buck inched down versus the Japanese yen. The currency pair USD/JPY dipped by 0.38% being worth 110.96 ahead of the anticipated bilateral trade negotiations between Japan and the United States on Thursday in Washington.
Japan’s currency gained momentum versus the common currency too. The currency pair EUR/JPY dived by about 0.46% reaching 128.61.
The common currency edged down a bit versus the evergreen buck. The currency pair EUR/USD inched down by 0.1% trading at 1.1586.
The common currency edged up to its highest value since November versus the UK pound. The currency pair EUR/GBP leapt by 0.17% showing 0.8975.
On Friday, the evergreen buck is holding near a two-week maximum, on what needs to be a quiet trading session for currencies with most other key American as well as global exchanges unavailable due to the observance of Good Friday…
On Thursday, prices of the key crypto assets headed north in Asia…
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…