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…
Kiwi and Aussie decline as RBNZ holds
On Thursday, the New Zealand and Australian dollars slid versus their US rival after the Reserve Bank of New Zealand left interest rates intact, while hopes for an imminent tax reform initiative in America underpinned demand for the US dollar.
The currency pair NZD/USD declined 0.18% hitting 0.7186, off a three-week minimum of 0.7171 reached overnight.
As anticipated, the RBNZ left interest rates intact at 1.75% on Thursday.
Commenting on that decision, the key bank stressed that it doesn’t expect to lift interest rates for some time because the economic surge outlook worsens and inflation slows.
The currency pair AUD/USD lost 0.34% being worth 0.7821, which is the lowest value since July 18.
At the same time, the greenback managed to strengthen reacting to reports on Wednesday that Donald Trump offered the biggest American tax overhaul for three decades.
The proposal has sparked a fierce battle in the Congress, with the Republican Party split over it and Democrats generally hostile.
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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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