US dollar generally stable in mid-week

Posted 15 May, 2019

The US dollar stays generally unmoved vs the euro, while the Australian counterpart has touched a multi-month bottom in the middle of the week along with the Japanese yen which suffers from slower demand for protective assets.

The US Dollar index slightly improved to 97.702.

The euro-to-US dollar exchange rate slightly rose to $1.1208. At the same time, the Australian dollar dropped to $0.6921.

Demand for the safe haven, including Japanese yen, weakens following the statement of the US President Donald Trump in which he expressed readiness to sign an agreement. As a result of the message that talks with Beijing actually did not burst supported the greenbacks positions. 

"When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited but, as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense...," he said on Twitter.

The US dollar increased against the Japanese yen to some 109.7 (109.61 yesterday).

For now, the markets will be focused on the reports for the euro-area and GDP report from Germany along with the April data for retail sales and manufacturing in the USA. All these reports are expected to show the current state of the global market. According to the preliminary data, 19 countries of the euro-area posted an increase in GDP by 0.4% in Q1 2019.

Previous story

15 May, 2019 11:44

← Samsung to integrate crypto wallet in budget Galaxy models

South Korean technical behemoth - Samsung - expressed plans to expand the number of Galaxy models that support cryptocurrency and blockchain options. Samsung is going to add its cryptographic application even to the budget models, which in fact will help to boost the availability of cryptocurrency options to a wider range of countries.

Samsung to integrate crypto wallet in budget Galaxy models

Next story

14 May, 2019 17:23

Bitfinex and Tether file new request with NY Court →

The operator of Bitfinex crypto exchange and parent company of Tether Limited – iFinex Inc – reportedly filed a required with the Supreme Court of New York asking to lift the existing restrictions for transactions between the companies. Moreover, the company also cited the misuse of powers by the New York Prosecutor Office.

Bitfinex and Tether file new request with NY Court
Write a comment
Prove you’re not a bot + 10 = 28