On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
Greenback is set for weekly losses
On Friday, the US dollar nursed losses, staying on track for a losing week because geopolitical tensions backed the perceived safe-haven Japanese currency.
The dollar index, tracking the major US currency against a basket of six counterparts, steadied at 100.560 on the day, while declining 0.6% for the week.
On Thursday, Donald Trump told that North Korea happens to be a serious problem, which needs to be tackled, as China urged caution and rumors rose that Pyongyang might be preparing for a sixth nuclear test.
The major American currency grew 0.6% against the South Korean won, which kept to 1,136.5.
The US dollar soared 0.1% on the day, hitting 109.17 yen, but dropped 1.7% for the week.
Meanwhile, on Thursday, the US Treasury yield dipped to its lowest levels since November, following Trump’s remark that he appreciates low interest rates.
Against the Japanese yen, the common currency declined as low as 115.72, showing its lowest value since November.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…