Weekly Cryptonews
What news has been happening in the crypto market this week?
Greenback is intact as German political deadlock pressures common currency
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.
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.
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RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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