US dollar at bottom amid investors' worries

Posted 15 March, 2018

The US dollar has touched a weekly bottom vs the majors in the second half of the week under persisting pressure from trade protectionism fears and changes in the White House.

On Thursday, March 15, the US Dollar index stayed at some 89.75.

According to the news reports, investors still warry that the observed trade tensions can restrain economic growth especially given the statement by Donald Trump considering the possible launch of tariffs on Chinese imports.

Moreover, Trump's previous message last week about the planned imposition of import duties on steel and aluminum has already put pressure on the market.

The greenback weakened on Thursday given negative dynamics of the February retail sales for the third month in a row.

The released data just complemented anticipation of moderate policy by the Federal Reserve. It is expected that the Central Bank will revise the interest rate three times this year – the first lift is about to be made at the coming meeting next week already.

The US dollar to yen weakened to some 106.08 this morning. Meanwhile, the euro was generally unchanged at some 1.2365.

The European currency faced pressure yesterday on the statement by Mario Draghi. According to the ECB president, they want to see more confirmation that the inflation is near the target level at first, and only then consider stimulus shutdown.

The sterling improved vs the US dollar to some 1.3977. The AUD-USD and NZD-USD pairs posted decline to 0.7865 and 0.7323 respectively.
 

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15 March, 2018 11:55

← Prices for bitcoin and other cryptocurrencies slump

Cryptocurrencies have collapsed on Thursday, massive selloffs continue in the market. On the Bitfinex bitcoin changed hands at $7,890 this morning. Ethereum was quoted at $584.75. According to the market, the driver of the observed selloffs of digital coins is believed to be the ban on crypto advertisements announced by Google yesterday.

Prices for bitcoin and other cryptocurrencies slump

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14 March, 2018 15:22

Cryptocurrencies depressed by announcement of Google ban →

Cryptocurrencies decreased further on Wednesday driven this time by the news that Google is going to ban cryptocurrency advertisements. As a result, bitcoin price fell to some $8,650.00 and Ethereum dropped to $660. At the same time, traders are now focused on an upcoming G20 summit that will be dedicated to cryptocurrency sector and its regulation particularly.

Cryptocurrencies depressed by announcement of Google ban
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