US dollar mostly maintains positions

Posted 30 October, 2018

The US dollar trims gains vs the euro during the Tuesday Asian trading. At the same time, higher Asian stock market pushes yen down. Additional pressure is coming from fears of the global economic upturn slowdown that affected market confidence.

The US Dollar index rose to some 96.49.

The euro-to-US dollar exchange rate was seen at $1.1375, while the Monday session was closed at $1.1373. However, the euro is still depressed on persisting political uncertainties in Europe.

The sterling was priced at $1.2800 ($1.2793). The market keeps considering the speech of UK Finance Minister and released an upgraded GDP outlook for 2019-2021 despite the planned increase in spending.

The yen has kept slackening vs the US dollar following the overnight decline. The US dollar gained grounds vs the Japanese currency reaching some 112.80.

During the Asian trading, the yuan dropped to some 6.9724. The insiders have started buying the greenback after the recent media reports that Donald Trump intends to impose duties on the remaining imports from China this December in case of fruitless trade war talks with Beijing. For reference, the meeting of two leaders will take place in Buenos Aires in November.

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30 October, 2018 12:06

← Bittrex announces international trading service

The US-based crypto trading platform – Bittrex – inaugurates new business Bittrex International based on the Maltese platform. The company stated that the new division will feature upgraded listing and expanded opportunities for the professional traders worldwide. This platform represents a business rebranding of Bittrext Malta. It is worth mentioning that the international division will provide trading services to all existing clients of Bittrex, except for the US-based ones. Another important feature will be no fees for listing.

Bittrex announces international trading service

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29 October, 2018 17:42

Higher drilling activity in USA affects oil prices →

Prices for oil dropped on Monday, with excessive supply concerns persisting in the market. WTI oil slackened to some 67.17/bbl. WTI prices recorded a decline for the third week in a row last week. A similar situation was seen with the Brent, which fell to $77.50/bbl. Quotes lost 2.7% over the past week. As for other data, petroleum futures on the NYMEX rose to $1.8132/gl. Fuel oil was priced at $2.2869/gl. The USA kept ramping up drilling operations. Specifically, the number of operating drill rigs rose to 875 (2 units up), the highest level since spring 2015.

Higher drilling activity in USA affects oil prices
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