Weekly Cryptonews
What news has been happening in the crypto market this week?
Greenback soars, while keeping to 1-month trough
On Friday, the evergreen buck soared versus other key currencies, although remained within close distance of a one-month minimum. It’s because the minutes of the Fed’s latest policy gathering kept dampening demand for the US currency.
Trade volumes were believed to remain thin enough with American markets working for only half a day on Friday due to Thursday’s Thanksgiving holiday.
The US currency was under deep selling pressure as the minutes of the Fed's most recent gathering demonstrated that some Fed policymakers are still concerned over constantly low inflation.
Additionally, the report disclosed that the major US bank expects to lift interest rates soon.
However, the Fed stressed that economic data will help to determine the timing of future rate lifts. It might hint at a slower pace than anticipated for next year.
The currency pair EUR/USD didn’t change sticking to 1.1844, GBP/USD relieved 0.09% reaching 1.3294. USD/JPY rose 0.24% being worth 111.49.
Similar
The British pound continues to go down as political risks intensify.
A lot of political uncertainties are driving the British pound down.
The USD may be supported by the releases
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
Latest news
Gold heads south on tumbling greenback
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
European equities conclude in positive territory for the fifth consecutive week
On Friday, European stock indices fluctuated at the beginning of the trading session…
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
Deposit with your local payment systems
