On Monday, on the Investing…
Greenback keeps tumbling on hawkish major banks
On Friday, the evergreen buck kept going down because key banks indicated that the epoch of cheap money was approaching its end in a boon to the euro, the Canadian dollar and the British pound while Asian shares were affected by dismal performances of EU and American markets.
Global stock market indexes are set for more revenues by the end of 2017, powered by an economic revival in the EU as well as bright prospects for Asia. That’s what a Reuters survey of 300 financial professionals disclosed.
The dollar index went down 0.1%, trading at 95.549, braced for a 1.8% dip this week, having sagged in all sessions.
The Korean won lost versus the greenback after the country posted industrial output grew by 0.2% in May from the previous month, missing hopes for surge of 1.5%. It followed a 2.2% sag in April.
Versus the Korean won the greenback soared 0.1%, trading at 1,142.5 won.
The US dollar sank 0.25%, being worth 111.95 yen, having lost 0.2% on Thursday.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
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…