Good Q3 GDP supports US dollar

Posted 29 October, 2018

Rates of the US dollar improved on Monday. The greenback is changing hands practically at 2-month peak thanks to good Q3 GDP figures, which turned to be higher than expected.

The US Dollar index rose to 96.31 early Monday.

The euro-to-US dollar exchange rate decreased $1.1364.

The greenback got stronger vs the Japanese currency staying at 111.99. It was rumoured that the inflation outlook in Japan might stay generally unchanged, with the additional measures to be taken for the support of the country's economy in Japan.

Negative dynamics was also posted by the Chinese yuan. In particular, the US dollar rate was at 6.9604 vs yuan on Monday. According to the news reports, the PBOC withdrew CNY 120 billion from the market as it gave up open market operations today. As for the reference rate, it rose by 133 points to 6.9377 (6.9510 last Friday).

At present, the US Federal Reserve policy and the US-China trade war are the main drivers of the greenback, which has been enjoying good demand as a safe haven lately. The data released by the US DOC showed that the US economy gained 3.5% y-o-y (forecast – 3.3%)

This week the market will focus on the meeting of BOE and BOJ. Still, the players mostly believe that the regulators will not revise the monetary policy.

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29 October, 2018 12:33

← Zcash team rolls out Sapling update

Zcash team has reported about successful update of the main network with the protocol – Sapling.  the new protocol for secured transactions and boosting of blockchain performance was activated at the block 419200 on October 28. Sapling introduces new improved shielded addresses with a time reduction of 90% for constructing transactions as well as a memory reduction of over 97%.

Zcash team rolls out Sapling update

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26 October, 2018 18:16

Cryptos somewhat dip on Friday →

Cryptos have changed moderately at the end of the week. Bitcoin changed hands on the Bitfinexat $6,523. Ethereum quotes on this platform dropped to $203.80. As for XRP and Litecoin were priced at 0.46386 and 51.710 respectively. It was reported today that India's Supreme Court required that the government submitted its position towards digital coins within two weeks. For reference, local banks are banned from providing any services connected with cryptocurrencies by the country's Reserve Bank.

Cryptos somewhat dip on Friday
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