Weekly Cryptonews
What news has been happening in the crypto market this week?
Greenback index declines with eyes on Fed verdict
On Wednesday, the evergreen buck tumbled versus other key rivals because market participants were still cautious ahead of the Fed’s policy decision due later in the day and amid renewed geopolitical concerns.
The currency pair EUR/USD gained 0.12% getting to one-week maximum of 1.2010.
Market sentiment on the US currency was still fragile because market participants waited for the result of the Fed's monthly policy gathering.
The Fed was generally believed to leave interest rates intact, although it was expected to unveil plans to adjust its $4.2 trillion in bond holdings.
Market participants were cautious following renewed tensions between North Korea and the USA especially considering Trump’s recent hawkish statements.
Aside from that the currency pair GBP/USD leapt 0.18% being worth 1.3525, drifting away from Monday's 15-month maximum of 1.3619.
NZD/USD rallied 0.77% reaching a six-week peak of 0.7370.
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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