European currency slightly strengthens on Tuesday

Posted 27 March, 2018

During the Asian session, the US dollar has slightly slackened against the euro and sterling. At the same time, the Japanese yen loses grounds on easing political tensions. In China PBOE raised reference yuan rate vs the greenback to RMB 6.2816 = $1, Interfax reported citing the international source.

The euro reached some $1.2468 today, while a day before the New York session was closed at $1.2444. As a result, the greenback has lost some 0.8%.

According to news reports, US Finance Minister Steven Mnuchin held a meeting with China's official Liu He concerning the issue on US trade deficit in relations with China. The parties agreed to find a mutuallyacceptable way to reduce the existing deficit.

The US dollar to yen increased to 105.65 (105.41 a day before). The Japanese yen, which is a safe haven for investors, weakened given potential talks between the USA and China on ways to settle the problems between these two major economies. As a result, the trade war fears soften entail upturn to risky assets.

At the same time, euro to yen was some 131.60 (131.17).

Notably, ex-Finance official Nabuhisa Sagawa commented that he had got no orders from Japan's Prime-Minister Shinzo Abe to amend the documents related to the sale of state-owned land.

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27 March, 2018 11:43

← Prices for bitcoin and other cryptocurrencies down amid reports about LitePay shutdown

Prices for bitcoin and other cryptocurrencies have weakened on Tuesday given shutdown of LitePay processor. Bitcoin is priced at $7,923 (some 7% down d-o-d), Ethereum is changing hands at $466.20. Ripple is quoted on the Poloinex by 11% lower d-o-d, at $0.57728; Litecoin decreased to $143.

Prices for bitcoin and other cryptocurrencies down amid reports about LitePay shutdown

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26 March, 2018 12:12

US dollar higher vs yen, but weaker vs other majors →

The US dollar has pushed off the multi-month bottom and restored grounds vs Japanese yen on Monday...on softer tensions between the USA and China, since the parties take steps to settle the problems. US dollar-to-yen exchange rate reached some 105.04. The rate hit a record low of 104.62 overnight. However, the greenback weakened against most other currencies.

US dollar higher vs yen, but weaker vs other majors
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