US dollar maintains strong positions

Posted 19 July, 2018

The US dollar remains strong at the Asian session against the yen and euro show slight changes. The yuan continues falling further.

The euro-to-US dollar exchange rate was recorded at 1.1609 this morning. Meanwhile, the previous trading was closed at $1.1639.

The greenback gained grounds vs the yen reaching 112.96 (112.86 earlier). At the same time, the euro to yen rate was near 131.23 over the period under review.

In China, the Central Bank (PBOC) has reduced the reference yuan rate to 6.7 for the first time since June. Specifically, the currency started slackening just in June. The US dollar-to-yuan rate dropped to 6.7453. 

It is worth mentioning that the senior economic advisor in the White House claimed that Beijing has been deliberately dragging on the talks regarding softening of the US-China trade conflict. In particular, he stated in his message at  CNBC Institutional Investor Delivering Alpha:

"So far as we know, President Xi, at the moment, does not want to make a deal..."I do not think President Xi has any intention of following through on any of the discussions we've made..."

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19 July, 2018 14:17

← Congress member speaks up for crypto ban

During the hearing of a subcommittee for the House of Representatives Financial Services Committee, Brad Sherman pushed for the ban on digital coin purchases. The official believes that it is quite possible that cryptos can get a money form someday, though at present coins are mostly used by the countries to avoid US sanctions or for tax dodging.

Congress member speaks up for crypto ban

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19 July, 2018 10:56

Gemini certified in NY state, big donations detected →

Gemini exchange run by the Winklevoss twins has got license for crypto business in the New York state. According to the news reports, Tyler and Cameron Winklevoss donated $100,000 to the Cuomo campaign in the state. At the same time, just a month after the exchange got greenlight for the business in the NY state.

Gemini certified in NY state, big donations detected
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