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On Friday, the evergreen buck sagged to its lowest value for more than three months versus a basket of the other key currencies on the final market day of 2017, and reported its largest annual percentage dive since 2003.
Measuring the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index edged down to 91.83, which is the weakest reading since September 22.
For the year, the index has lost 9.8%, which is the biggest annual percentage sag since 2003.
The index actually started 2017 at a 14-year maximum, underpinned by expectations for Donald Trump’s pro-surge economic agenda. However, barring a sweeping tax overhaul enacted the previous week, the Trump administration has struggled to have legislation passed.
The evergreen buck also lagged notwithstanding the Federal Reserve’s rate lifts amid increased investor hopes for other key financial institutions to reduce their stimulus.
On Wednesday, Bitcoin managed to rally in the face of mixed crypto trading reacting to news that Seed CX is geared up towards capturing institutional traders via a bitcoin spot trading market…
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
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…
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