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On Tuesday, the evergreen buck gave back some of its revenues in Asia trade, although remained not far from a one-week maximum versus a basket of major currencies because German political uncertainty kept pressuring the common currency.
Traditionally tracking the greenback versus a basket of six main currencies, the US dollar index slid 0.1% showing 94.036, but still keeping to its overnight high of 94.104, which is its highest reading since November 14.
The euro managed to tack on 0.1% being worth $1.1738, nursing losses after sagging to $1.1722 in the previous trading session after German coalition government negotiations failed.
Angela Merkel, German Chancellor, whose conservative bloc was deprived of seats in September's election, told she would inform the country’s president that she was unable to form a coalition because the pro-business Free Democrats dared to withdraw from talks.
Against the Japanese yen, the US currency dipped a bit demonstrating 112.59, staying above its overnight minimum of 111.89.
For the last week, crypto assets jumped, backed by a 25% leap in Bitcoin Cash, in contrast with a backdrop of further indications of sluggishness in fiat currencies, including the evergreen buck…
On Monday, the evergreen buck slumped to a two-and-a-half week minimum because market participants pulled back ahead of the Fed’s meeting a bit later in the week…
On Friday, key crypto assets showed mixed performance in Asia, with mild movements because the trading week drew to its end…
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…
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