Greenback is intact

Greenback is intact

On Wednesday, the evergreen buck was intact versus the other key currencies because market participants were monitoring the publication of American housing sector data, following comments by Federal Reserve officials that generated uncertainty over future rate lifts.

The currency pair EUR/USD soared 0.12%, being worth 1.1147.

The greenback gained support from Monday’s quite hawkish remarks made by New York Fed president William Dudley. The official spurred hopes for the Fed to keep increasing interest rates.

The currency pair GBP/USD sank 0.13%, being worth 1.2615. It’s because the UK Office of National Statistics announced that in May public sector net borrowing tacked on by £5.99 billion, compared to hopes for a leap of £7.00 billion.

In April, public sector net borrowing gained £8.68 billion.

Meanwhile, the currency pair USD/JPY lost 0.21%, hitting 111.22, while USD/CHF leapt 0.11%, showing 0.9739. USD/CAD gained 0.19%, trading at 1.3293.


Bitcoin stands still

On Tuesday, digital currencies were intact because the market managed to stabilize in the wake of the previous week’s abrupt selloff that pushed most crypto assets to 2018 minimums…


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…

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