
Is the winter of cryptomarket finally over? Or do we get ahead of ourselves when making this statement?
On Wednesday, the traditional safe haven Swiss franc leapt versus the evergreen buck and the common currency because rising tensions on the Korean peninsula welcomed risk-off trade.
The currency pair USD/CHF hit a minimum of 0.9614, which is the weakest reading since July 27.
Market sentiment was affected after on Wednesday North Korea announced it was considering a missile attack on the American Pacific territory of Guam, following Trump’s warning that any threat would be repelled with fury and fire.
Trump simply responded to reports that North Korea had managed to create a miniaturized nuclear weapon for its intercontinental ballistic missiles.
The Swissy, normally enjoying popularity in times of market turbulence or geopolitical tension, ascended versus the common currency.
The currency pair EUR/CHF dipped 1.29% reaching 1.1300, finding itself on track for the largest one day descend in more than two years.
Is the winter of cryptomarket finally over? Or do we get ahead of ourselves when making this statement?
On Thursday, the major US currency rebounded from its unexpected dive following dismal economic data that sparked fears about the strength of the American economy and also backed the Fed’s intention to leave rates on hold in the nearer future…
On Thursday, Bitcoin was still below the psychologically crucial $4,000 mark without any clear driver…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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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