US dollar shows stronger positions vs euro and yen

Posted 21 February, 2018

The US dollar keeps rebounding against the euro and yen during the Wednesday trading on anticipated Federal Reserve meeting minutes.

Investors are reportedly waiting for the minutes of the January Federal Reserve meeting that will be announced later this day. Specifically, they are willing to see new signals about the further revision of the core interest rate in the country.

Moreover, the new chairman of the Central Bank Jerome Powell will make a speech next week, which may become a big event for the market.

In the words of  CEO Mitsubishi UFJ Trust & Banking, investors decrease short positions in the dollar and other currencies vs the yen, while traders refuse to predict further market trend willing to see the Federal Reserve meeting minutes and Central Bank's chairman message.

The euro dropped vs the greenback to $1.2327 Wednesday morning ($1.2337 yesterday). The US dollar to yen rose to 107.73 (107.33 earlier).

As for the Australian dollar, the currency posted strong gains driven by the labor report in Australia with increased salaries in Q4 (0.6% q-o-q; 2.1% y-o-y). However, it weakened later, so USD to AUD rate was 1.2731 this morning (1.2684 yesterday).

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21 February, 2018 12:04

← Price for digital coins lower even after Seoul eases position on crypto trading

Bitcoin and other cryptocurrencies dropped in Asia on February 21 even despite the cue about improved conditions for cryptocurrency trading in South Korea. The key currency in terms of market capitalization – bitcoin – changed hands at $10,714.00 on the Bitfinex today (6.26% down d-o-d), followed by Ethereum priced at $872.32 (7.77% down).

Price for digital coins lower even after Seoul eases position on crypto trading

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20 February, 2018 14:26

Bitcoin rises beyond $11,500 for the first time since January →

Bitcoin price has exceeded the $11,500-line for the first time since January. The key digital coin keeps recovering after the early-February collapse. On the Bitfinex, the currency changed hands at $11,278.10, while earlier it reached the session's top at $11,658. The second major coin in terms of market value, Ethereum dropped to $931. The top-2 Ripple coin was recorded at $1.09.

Bitcoin rises beyond $11,500 for the first time since January
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