US dollar settles down on stock market rebound

Posted 07 February, 2018

The US dollar rate to other main currencies has stabilized on Wednesday, February 7 as the situation improved in the global financial markets, while investors have stopped switching to risk-off assets leading to higher share prices.

The greenback rose against other currencies, in particular, euro, after investors started switching to risk-off assets early this week on massive stock market selloffs which caused the Wall Street slump.

Today the US Dollar index was recorded at some 89.621. The US stock market rebounded some 2% yesterday after posting the largest one-day collapse over 6 years.

After the previous nosedive to the bottom of $1.2314, the euro rate improved to $1.2379 (0.02% up).

The US dollar to yen weakened to 109.16 after 0.5% upturn last night. However, the rate is still above 108.460, the bottom touched lately on dramatic stock market volatility.

The sterling increased to $1.3960, while Australian dollar, on the contrary, dropped to $0.7871.  

The franc stays generally unchanged at 0.9350, with a 0.45% decline posted tonight.

The Australian dollar dropped to $0.7871 but remained above the monthly bottom at $0.7835.

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07 February, 2018 13:47

← Bitcoin and other cryptocurrencies on the rise after recent slump

After the recent slump bitcoin is regaining grounds on Wednesday in light of the better situation in the US stock markets. On the Bitfinex bitcoin was seen at $7,845.50 today. Yesterday, the price moved below $6,000 posting the bottom from the end of last year. However, the February weakening is some 23%. Ethereum reached $791, while Ripple coin changed hands at $0.75.

Bitcoin and other cryptocurrencies on the rise after recent slump

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06 February, 2018 16:09

Canada's bank about to launch cryptocurrency safe deposits →

One small Canadian Bank VersaBank Inc. intends to create a virtual safety deposit for cryptocurrencies that will be available for clients from all over the globe. “We’re using what banks are all about - safety and security - only what we’re doing now is saying that physical box in the basement is getting obsolete”...The world community strongly requires services for safekeeping of digital assets.

Canada's bank about to launch cryptocurrency safe deposits
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