What news has been happening in the crypto market this week?
Greenback keeps to 1-week maximums vs. counterparts
On Tuesday, the evergreen buck was hovering over one-week maximums versus other key currencies because hopes for approaching rate hikes by the Fed kept underpinning demand for the US currency.
The US currency gained support after on Saturday San Francisco Fed President John Williams told that the major US bank needs to raise interest rates three times in 2018 because the US economy will undoubtedly benefit from tax cuts.
The comments emerged a day after Cleveland Fed President Loretta Mester told she expects up to four interest rate lifts in 2018 due to firm American economic surge as well as low unemployment.
Measuring the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index rallied 0.21% hitting 92.27.
The common currency and the British pound went down, with EUR/USD losing 0.29% trading at 1.1933 and with GBP/USD heading south 0.31% being worth 1.3526.
A lot of political uncertainties are driving the British pound down.
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.