Bitcoin rallies following credit scare
On Monday, Bitcoin managed to surge steeply right after a credit scare on a key cryptocurrency exchange generated a rush for the number one crypto asset…
Greenback moves up
On Monday, the evergreen buck soared versus a basket of currencies, drifting away from the previous week's 6-1/2-month minimums and also shrugging off news of North Korea's new missile test because investor attention shifted to the Fed’s expected interest rate lift already next month.
The dollar index, tracking the evergreen buck versus a basket of six counterparts, grew 0.1%, hitting 97.502, staying above the previous week's value of 96.797, the lowest outcome since Nov. 9.
On Monday, John Williams, San Francisco Federal Reserve President told in Singapore that medium-term trends in American inflation were still favorable enough, notwithstanding some recent soft consumer price data.
The American economy was at or close to the Fed’s objectives of full employment as well as stable prices, as Williams informed, adding that the Fed was eager to ensure financial markets stayed calm because the major US bank slowly returned its interest-rate policy to what markets consider normal.
The US dollar tacked on moderately to 111.37 yen , holding its ground notwithstanding a cautious backdrop, which normally underpins Japan's perceived safe-haven currency.
Similar
Greenback goes down, as American retail sales are downbeat
On Monday, the evergreen buck slipped due to the fact that US retail sales data for September missed analysts’ hopes, and as benchmark American Treasury yields stabilized after the previous week reaching their highest value for seven years…
Evergreen buck keeps to October minimums
On Friday, the greenback kept to its lowest value for October versus its key opponents because diving American treasury gains as well as further dips on Wall Street affected market sentiment…
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
