US dollar falls down to 3-year bottom

Posted 16 February, 2018

On Friday, February 16, the US dollar decreased vs the majors and touched the bottom over 3 years due to fears about the current US economic policy. The positive influence of the recent reports was leveled down by concerns about increasing the budget deficit.

The negative USD dynamics is related to an anticipated increase in US budget deficit to some $1 trillion in 2019 on expanded infrastructure project costs and reduced corporate taxes. Earlier, the US dollar posted some gains on the back of the January CPI report showing a 0.5% rise. These results led to higher yields of US 10Y bonds.

According to another report, US PPI expectedly went up by 0.4% in January.

Seeing higher inflation rate, the Federal Reserve can revise interest rate earlier than expected.

The US Dollar index (USD capacity vs six main currencies) fell down to 88.27 this morning. As a result, it was recorded the minimal level since December 2014.

The euro and sterling to US dollar rose to 1.2537 and 1.4128 respectively. The US dollar to yen exchange rate touched the bottom since November 2016 at 105.79.

AUD and NZD improved against the USD to 0.7972 and 0.7424 respectively.

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16 February, 2018 14:21

← Japan's regulator announced inspections of unlicensed cryptocurrency platforms

On Friday, February 16, Tokyo announced that it has planned to check 15 unlicensed cryptocurrency platforms considering the largest heist that hit Tokyo-based exchange last month. The local news agency reported citing Japan's Financial Minister that the government would send an inspection team to exchange providers that are yet to receive approval for operations.

Japan's regulator announced inspections of unlicensed cryptocurrency platforms

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16 February, 2018 11:03

Taxation on cryptocurrency in USA →

From 2018 the USA has launched taxation on all cryptocurrency transactions. This means that two months left to submit tax declaration and investors may have a look at the taxation rules. US internal revenue service considers digital currency as intangible property, so they are subject to taxation on capital market deals.

Taxation on cryptocurrency in USA
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