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 stands still as traders digest Fed statement
On Thursday, the evergreen buck didn’t change versus other key currencies because financial markets were still digesting the Fed’s fresh policy statement, simultaneously looking ahead to a string of American economic reports due later in the day.
In a widely anticipated move, the Fed had its interest rates increased to 1.50% by 0.25 basis points at its policy gathering on Wednesday.
Assessing the US currency’s strength versus a trade-weighted basket of six main currencies, the US dollar index was nearly intact sticking to 93.4, off a one-week minimum of 93.33 reached overnight.
The common currency was intact, with EUR/USD being worth 1.1821. Meanwhile, GBP/USD ascended 0.22% hitting 1.3447.
This month the euro zone reported its fastest surge in business activity in nearly seven years.
The Japanese yen and the Swiss franc decreased, with USD/JPY edging up 0.20% hitting 112.76. USD/CHF rallied 0.30% being worth 0.9884.
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Yuan goes down
On Monday, the Chinese Yuan headed south, while the evergreen buck rallied because US-China relations worsened over the weekend…
Greenback is affected by cautious Clarida remarks
On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
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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…
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…
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