Crypto assets slump amid market selloff
On Tuesday, key crypto assets declined in Asia due to the fact that digital token companies are reducing their staff in the face of a huge market selloff…
Greenback moderately recovers from American tax reform worries
On Monday, the evergreen buck soared versus other key currencies because it mildly revived from losses posted last week due to mounting worries over the fate of a highly-anticipated American tax reform.
On Thursday, Senate Republicans unveiled a tax plan. It stood out from the one made by House Republicans. It highlighted the challenges to clarify the differences between the two opposite initiatives with a short time before the end of 2017 they have set to pass it.
Expectations of tax reform have helped to spur the evergreen buck since mid-September. Some market participants are assured that tax reforms could ensure growth, applying pressure on the Fed to lift interest rates.
Estimating the greenback’s value against a trade-weighted basket of six crucial currencies, the US dollar index soared 0.25% being worth 94.54.
The currency pair EUR/USD slumped 0.22% hitting 1.1640, GBP/USD lost 0.84% trading at 1.3081.
Similar
Evergreen buck goes down amid US-China trade negotiations
On Tuesday, the evergreen buck declined on reports that America and China are moving to the next stage of their trade negotiations…
UK pound keeps to 20-month minimum on Brexit setback
On Tuesday, the UK pound kept to a 20-month minimum versus the evergreen buck because UK Prime Minister Theresa May delayed a decisive vote on her Brexit agreement, thus increasing the risk of a chaotic departure from the European bloc…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
Deposit with your local payment systems
