Greenback heads south against euro
On Friday, the US dollar slumped against the common currency during Asia trade after a moderate soar the day before…
Sterling is intact ahead of Brexit negotiations
On Monday, the British pound was intact ahead of the beginning of Brexit talks, with market participants also waiting for comments from a top Fed official to find out whether the greenback’s recent leap can be sustained or not.
The British pound almost stood still, keeping to $1.2777. The UK currency hardly reacted to recent news that a van ploughed into worshippers leaving a mosque in London on Monday, murdering one person and also injuring several.
The UK currency has faced rather a turbulent month, dipping to a near two-month minimum of $1.2636 on June 9 on the UK election shock, but soaring the previous week as the Bank of England approached raising rates, following a split vote in its monetary policy committee.
There’s significant uncertainty over Britain’s stance on Brexit negotiations, and some experts are cautious as for the pound’s near-term prospects.
Meanwhile, the common currency showed $1.1194, having leapt 0.5% on Friday.
Similar
#WeeklyCryptoNews
Fred Wilson, co-founder of Union Square Ventures: “Buying cryptocurrencies is a very important form of investment…
Evergreen buck keeps to 5-month maximum
On Thursday, the evergreen buck kept to the maximum of five months versus the group of other leading currencies due to the surge of the revenue of American government bonds…
Popular
Most Asian stocks post strong revenues with Nikkei rising more than 2%
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 real wages surge is slowest in almost two years
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…
Crude holds revenues on API estimates
On Wednesday, crude held revenues in Asia because industry estimates revealed a much sharper draw in American crude inventories expected, although higher than seen gasoline stocks affected market sentiment…
Deposit with your local payment systems
