Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
Greenback slides in Asia as GBP/USD, EUR/USD earn on probable next Fed Chair
On Thursday, the evergreen buck went down in Asia, while the common currency, pound and yen managed to gain firmly because confident Fed language on policy next year was mixed with hopes that Jay Powell will become the next Fed Chair, thus keeping policy in-line with current Chair Janet Yellen.
The currency pair USD/JPY hit 113.94, sliding 0.20%, AUD/USD reached 0.7709, ascending 0.42%. As for EUR/USD, this pair added 0.32% being worth 1.1656, GBP/USD soared 0.35% trading at 1.3291.
The Fed didn’t change interest rates overnight. The bank highlighted firm economic surge at the conclusion of its two-day policy gathering. Market experts told that the Fed's statement showed that a rate lift next month is real.
The US dollar index that tracks the greenback’s value against a trade-weighted basket of six crucial rivals went down 0.29% being worth 94.43.
In October, private American employers generated up to 235,000 jobs.
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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…
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