Experts: Bitcoin hasn’t reached rock bottom yet
Coming off the best trading marathon for crypto assets since late July, the world’s number one crypto currency, Bitcoin headed south on Monday…
US currency nurses losses at 13-month minimums
On Thursday, the evergreen buck was nursing losses at 13-month minimums versus a basket of the other crucial currencies after the Fed’s fresh policy statement indicated that it might not lift interest rates again in 2017.
The US dollar index, tracking the US currency’s value versus a trade-weighted basket of six crucial currencies, reached 93.33, having hit a minimum of 93.00 overnight, which is the weakest outcome since June 2016.
This month the index has dropped approximately 2% so far and it has lost nearly 8% for the year to date.
On Wednesday, the Fed told that US inflation is still below its 2% objective even as near-term risks to the economic outlook are quite balanced. Previously, the major US bank ascertained that weakness in inflation should be regarded as transitory.
The more cautious tone on inflation powered worries that the Fed won’t hurry to lift rates before the end of 2017.
The greenback stood still versus the Japanese yen, with USD/JPY sticking to 111.23, which is not far from the five-and-a-half week minimum of 110.61 hit on Monday.
As for the common currency, it was a bit lower with EUR/USD demonstrating 1.1720, having soared to maximums of 1.1777 overnight, which is the strongest outcome since January 2015.
Similar
US dollar moves down
On Monday, the evergreen buck lost versus its counterparts, suppressed by a stronger UK pound in the face of strengthening hopes of a UK-EU Brexit deal…
Key crypto assets leap
On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
Latest news
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…
Deposit with your local payment systems
