On Friday, the evergreen buck is holding near a two-week maximum, on what needs to be a quiet trading session for currencies with most other key American as well as global exchanges unavailable due to the observance of Good Friday…
UK currency is at 7-month minimum ahead of Brexit vote
On Wednesday, the UK currency approached a seven month minimum because Prime Minister Theresa May’s government had another crucial vote on Brexit.
The currency pair GBP/USD reached a minimum of 1.3148. This value hasn’t been observed since November 16.
The British Parliament had the EU withdrawal bill passed. That’s the British government’s key piece of Brexit set of laws.
The main UK currency was almost intact versus the common currency. The currency pair EUR/GBP demonstrated an outcome of 0.8789.
Market sentiment was still cautious due to the fact that concerns as for a heated trade clash between China and America continued.
Worries as for trade clashes mounted on Tuesday right after the Chinese government warned that it would fight back after American leader Donald Trump had threatened to have a 10% duty imposed on $200 billion of China’s goods.
The moves backed worries among market participants that the world’s two leading economies could be involved in another fierce trade conflict.
It’s apparent that uncertainty as for the future of the North American Free Trade Agreement as well as worries as for duties that the Trump administration has put on EU trading partners also contributed to investors’ anxiety.
The USD index, employed to evaluate the greenback’s strength against several key currencies, jumped by 0.17% trading at 94.81, which is not far from Friday’s eleven-month maximum of 95.13.
The evergreen buck ascended versus the Japanese yen. The currency pair USD/JPY rallied to 110.12, drifting away from Tuesday’s more than one-week minimum of 109.54.
The Japanese currency is what traders often look for in times of geopolitical tensions as well as market turmoil.
The common currency remained lower versus the evergreen buck, the currency pair EUR/USD diving by 0.2% hitting 1.1565 a day after ECB Governor Mario Draghi told that the major bank’s monetary policy is going to remain prudent, persistent as well as patient in the wake of the ECB’s dovish view on interest rates the previous week.
On Thursday, prices of the key crypto assets headed north in Asia…
On Thursday, the common currency stood still after evidence of strength in the Chinese economy improved the outlook for the world economy, with the financial markets looking next to EU gauges to provide the euro with a further boost…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
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'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…