Digital coins tack on
On Thursday, prices of the key crypto assets headed north in Asia…
Greenback moves down
On Tuesday, the American dollar dipped having soared earlier in the day and re-approached the one-year maximum of 95.44 recorded on July 19.
Assessing the purchasing power of the greenback against a pack of its main counterparts, the USD index lost 0.02% hitting 95.17.
Market participants are assured that recent trade clashes between China and America might be supporting the evergreen buck because duties might narrow the American trade deficit.
There’s still everlasting uncertainty on the duties. No one knows for sure how much is going to be implemented and what negative consequences it can bring.
At the same time, the Australian dollar managed to add a bit versus its American rival. Eventually, the currency pair AUD/USD jumped by 0.08% reaching 0.7394 right after the Reserve Bank of Australia decided to leave its overnight rate on hold at a record minimum of 1.50%. Australia’s key financial institution stressed that it left its policy intact due to the fact low rates kept backing the Australian economy. Moreover, the major bank told that it actually expects inflation to rally next year and also in 2020.
Furthermore, the Japanese yen managed to jump versus the evergreen buck. The USD/JPY headed south by 0.08% reaching 111.32 on Tuesday because it struggled to hold onto profits in recent weeks. The previous week the currency pair tacked on to 112.0.
On Thursday, Japan and America are anticipated to have bilateral trade negotiations in Washington.
The currency pair USD/CNY gained 0.06% hitting 6.8590. Additionally, the onshore Yuan has approached its lowest value since May last year. On Friday, the offshore Yuan reached a 15 month minimum versus the evergreen buck because trade dispute between America and China escalated.
On Tuesday, the PBOC had the national currency reference rate set at about 6.8431 in contrast with yesterday’s close of 6.8519.
Similar
Common currency stands still on improved economic views
On Thursday, the common currency stood still after evidence of strength in the Chinese economy improved the outlook for the world economy, with the financial markets looking next to EU gauges to provide the euro with a further boost…
Evergreen buck stands still in holiday-thin trade
On Wednesday, the evergreen buck stood still in holiday-thinned trade because another round of positive earnings kept pushing traders towards equities as well as other riskier assets…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
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 real wages surge is slowest in almost two years
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…
Deposit with your local payment systems
