US dollar shows poor decline vs euro

Posted 08 February, 2018

The US dollar barely weakens vs the euro at the Asian session today. The greenback leaped yesterday after the Senate managed to come to terms on the budget issue.

Under the agreement, the spending for defense and certain social programmes will be increased in the next two years. As a result, the stand-off that discredited normal financing of the current government operation may come to an end. Moreover, the budget is to be increased by $300 billion over the same period. It is still necessary to draft the complete bill that should be approved by both chambers of the Congress. The chambers must promptly accept another bill about provisional financing as the current one will expire on Friday morning. In case of a positive determination, the government will get regular and stable funding.

Investors are positive about the budget agreement, as it mitigates risks of another possible government shutdown.

In the morning the euro was recorded at $1.2276 ($1.2264 yesterday). The Wednesday decline was 0.9%.

The greenback posted gains vs the yen reaching JPY 109.63 (JPY 109.33 earlier).

Today the yuan has shown the major slump against the US dollar since August 2015 when Beijing devalued national currency. As a result, the yuan was seen at RMB 6.3207=$1 in Shanghai.

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08 February, 2018 14:45

← Bitcoin and other digital coins keep recovering

Bitcoin and other cryptocurrencies recover on Thursday after the recent slump. On the Bitfinex bitcoin was recorded at some $8,477.00, which means about $2,000 increase over two days. The second major digital coin – Ethereum – changed hands at $830, while the top-3 Ripple coin was priced at $0.74. However, despite some recovery bitcoin price has slackened around 20% over February.  

Bitcoin and other digital coins keep recovering

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07 February, 2018 15:26

US dollar resumes rising →

In the course of Wednesday, the American currency has resumed rising against the majors offsetting the previous weakening, but the size of the upturn is limited on persisting fears of investors caused by the recent stock market disruption. The market was filled with by the pessimism on the Friday stock market meltdown after the optimistic US labor report that fueled fears about...

US dollar resumes rising
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