Weekly Cryptonews
What news has been happening in the crypto market this week?
Greenback is at 2-1/2 week maximums
On Friday, the US currency was hovering over a two-and-a-half week maximums versus other key currencies, amid mounting optimism as for a crucial US tax reform plan. Additionally, the greenback was underpinned by the fact traders closely watched the publication of major American employment data a bit later in the day.
The US dollar was driven after on Thursday the US approved legislation to temporarily fund the American government through December 22, prior to a Friday midnight deadline. It powered expectations that the highly-anticipated American tax reform is going to be passed before the end of 2017.
Republicans welcomed negotiations with the House of Representatives on a key tax reform bill, indicating that lawmakers could come to a compromise on a final bill prior to a self-imposed December 22 deadline.
The common currency dived, with EUR/USD losing 0.20% showing 1.1749, which is the lowest reading since November 23.
GBP/USD stood still sticking to 1.3474. USD/JPY rose 0.34% hitting 113.47.
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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