Japanese safe-haven currency getting stronger

Posted 02 January, 2019

At the Asian session, the Japanese currency shows a rise making use of slackening stock markets on Monday.

The US Dollar index stands at some 95.708.

The safe haven, the Japanese yen, has improved positions against the US dollar at the Asian session. Specifically, the US dollar-to-yen exchange rate dipped to some 109.35 during the Monday session partly on negative Asian indices.

The greenback's faces selloffs due to concerns about a number of factors, including further global economic upturn, US government shutdown and potential of the interest rate revision by the US Fed in 2019.

At the same time, China posted negative economic data, which depressed Chinese stocks. PMI decreased to 49.7 in December (the rate below 50 shows slackening in the industry).

As for another Asian currency, Chinese yuan, the US dollar-to-yuan rate dropped to 6.8540. The market is still focused on the development of the conflict between Washington and Beijing, with optimism coming from Trump's statement about certain progress in the trade conflict settlement. The state media in China reported that Beijing will never step back in terms of the national interests. 

In the USA, the US President Donald Trump is reportedly ready to sign an agreement to back the government to the office. For reference, the US government suspended operations 11 days ago.

Previous story

02 January, 2019 13:44

← First funding round completed at $182.5 million, Bakkt reported

ICE's trading platform – Bakkt – has reportedly completed the first funding round with the investments reaching $182.5 million. The company is targeting the first regulated trading solution for the institutional investors powered by the physically delivered assets. At the same time, the project representatives failed to name any exact schedule when the official launch may happen, saying that everything will depend on the regulator's approvals.

First funding round completed at $182.5 million, Bakkt reported

Next story

28 December, 2018 15:46

Hardware wallet producer responds to recent vulnerability report →

Ledger company made first comments on the recent report of the cybersecurity researchers wallet.fail regarding a number of successful attacks on the hardware wallets Ledger and Trezor. At the Chaos Communication Congress held in Leipzig December 27, the wallet.fail team noted that they detected several ways to attack these hardware wallets for cryptos. They said that the attacks were made on different fronts and the results show persisting problems of these storage instruments. The company representative said that wallet.fail experts actually failed to get PIN or seed phrase from the hacked device

Hardware wallet producer responds to recent vulnerability report
Write a comment
 
Prove you’re not a bot + 7 = 25