Euro remains on the rise driven by anticipated QE exit

Posted 07 June, 2018

The euro has remained near the 2-week peaks against the majors in the second half of the week. The positive dynamics of the currency is related to possible shut down of bonds buying programme by the European Central Bank.

As it was reported earlier, the senior economist at the ECB commented that the regulator was about to discuss the QE exit. The chairman of German National Federal Bank said that these expectations are well-grounded regarding the programme shut down, as reported Reuters. At the same time, the official from the Netherlands added that there are no reasons to remain in QE.

In this situation, the euro has hiked against the US dollar to some $1,1819. A similar strengthening was seen against other major currencies. In particular, the European currency hit a 2-week high vs the franc at some $1.1640, while in the pair with the Japanese yen it reached 129.88.

Meanwhile, the greenback somewhat weakened against the yen reaching some 110.02 this morning. The players expect that the US Federal Reserve may revise the interest rate for the second time this year. Yet, the US dollar faced pressure on trade tensions fueled by an upcoming G7 meeting. Uncertainties about the results of the meeting are expanding given obvious conflict between the Washington and other countries worldwide.

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07 June, 2018 11:48

← US Coinbase acquires broker-dealer company

The major US-based crypto platform – Coinbase – has reportedly announced intentions to become the regulated broker-dealer and acquire California-based Keystone Capital. As commented the company operational director, they are working with the regulators in order to receive the license for the broker and e-trading activities.

US Coinbase acquires broker-dealer company

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06 June, 2018 17:48

Coinmint to set up biggest bitcoin mining hub in the world →

The US crypto miner –  Coinmint – is said to invest $700 million into the former aluminium plant in Massena (north-east of the USA) striving to set up 5,200 ha bitcoin mining centre, which will become the biggest mining area in the world. The decision to locate the capacities in Massena is partly related to the fact that this region offers cheap power sources.

Coinmint to set up biggest bitcoin mining hub in the world
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