US dollar mostly strengthens on optimistic state of US economy

Posted 23 February, 2018

On Friday, the US dollar rate kept expanding vs the majors. The upward dynamics is driven by the minutes of the Federal Reserve meeting and good economic reports in the USA indicating an optimistic state of the US economy.

According to the data of the US Labor Department, the number of jobless benefits applications decreased by 7,000 to 222,000 over the past week (forecast – 230,000).

The report followed the minutes of the Federal Reserve meeting. As the minutes read, the US Central Bank is considering expansion of economic growth and inflation as reason for a further step-by-step lift of the interest rate.

The US dollar index reached 89.81 (0.15% up).

For reference,  the greenback has been lately affected by the forecasts of monetary policy tightening in other countries. As a result, the insiders believed that the gap between the interest rate of Federal Reserve and central banks in other countries might get narrower.

Euro and sterling weakened vs the US dollar reaching 1.2310 and 1.3974 respectively. A similar dynamics were seen in the AUD-USD and NZD-USD pairs – the rates were at 0.7823 and 0.7303.

The yen to US dollar decreased to 106.88 (0.12% down) and the franc – 0.9339 (0.16% down).

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26 February, 2018 11:34

← Cryptocurrency market shows no clear trends with Coinbase passing clients data to authorities

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Bitcoin and other cryptocurrencies post multidirectional changes on Friday →

The price of bitcoin and other main cryptocurrencies showed differently directed movement on Friday. Early today bitcoin, the leading virtual currency, was again below $10,000 after its recent jump to some $12,000 observed a week ago. The Bitfinex saw bitcoin transactions at about $9,757 today morning (9.65% down d-o-d). The top-2 cryptocurrency Ethereum posted a decline to some $824.62 (4.34% down) on this platform.

Bitcoin and other cryptocurrencies post multidirectional changes on Friday
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