US dollar progresses at Asian session

Posted 08 June, 2018

The US dollar has posted gains during the Asian session at the end of the week. However, the rate remains close to 3-week bottom after the recent weakening.

The US Dollar index rose to 93.55. 

The Japanese yen was under pressure from lower Q1 GDP in Japan (0.2% down). However, the market remains focused on the G7 summit to take place this weekend, as the meeting can light on the trade tensions between the White House and the rest of the world.

Despite some recovery this morning, the US Dollar index decreased from the last-week peak of 94.85 and reached some 93.50 at the today's trading. The greenback has been depressed this week by the euro, which is recovering after the settlement of the political issue in Italy.

At the same time, Japan has released the GDP data that turned out to be interesting enough. Specifically, GDP slowed down by 0.2% q-o-q (forecast – 0.1%), though business spending rose, which might support the economy in the future.

This week the G7 summit is in the spotlight, with the trade issues staying the urgent ones. 

Previous story

08 June, 2018 13:43

← Susquehanna International Group intends to launch crypto trading

US-based leading investment company Susquehanna International Group reportedly considers the start of crypto trading activities. According to the news reports, the company plans initially to launch futures on the first digital coin, and later may add trading services for Bitcoin, Ethereum, Bitcoin Cash and other coins. Earlier, SIG has been providing OCT trading services...

Susquehanna International Group intends to launch crypto trading

Next story

07 June, 2018 16:51

Crypto prices generally rise →

In the second half of the week, the price for the main digital coins has generally gone up driven by the better mood of investors. On the Bitfinex, the major cryptocurrency, bitcoin, increased to some $7,711.9, coming closer to $7,748.90 recorded during the yesterday's session. As for other leading currencies, they showed mixed changes.

Crypto prices generally rise
Write a comment
Prove you’re not a bot + 6 = 13