US dollar still near weekly bottom on inflation report anticipation

Posted 14 February, 2018

The US dollar rate keeps staying near a weekly bottom vs the majors on February 14 on at-risk mood concerning USD taking into account an expected US inflation data release.

Investors await announcement of the US consumer price inflation rate today to get a clearer picture of the further increase in interest rate by the Federal Reserve in 2018.

On Wednesday, the US Dollar index (US dollar capacity against six key currencies) decreased to 89.58 and thus fell to the bottom since the start of the month.

The US dollar to yen exchange rate was recorded at 107.46 considering forecasts that the Bank of Japan may be on the track of the Federal Reserve and European Central Bank in terms of monetary policy. For reference, the Bank of Japan reportedly stated earlier that may keep following soft monetary policy this year.

The franc stayed unmoved – USD-CHF was at 0.9342. Besides, the euro also posted stable position – EUR-USD was at 1.2351.

At the same time, the sterling in GBP-USD pair trimmed gains coming to 1.3869.

The AUD-USD and NZD-USD rates were seen at 0.7867 (0.11% up) and 0.7315 (0.58% up) respectively.

The USD-CAD on the contrary rolled back to some 1.2578.

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14 February, 2018 15:52

← EU authorities express concerns about cryptocurrencies

There were several at once European regulators, including the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority, that made a statement about risks connected with investments in cryptocurrencies. They believe that these coins appear to be a classical sample of a speculative bubble and are improper for investment.

EU authorities express concerns about cryptocurrencies

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14 February, 2018 11:18

Bitcoin and other cryptocurrencies post gains on Seoul's revision of trading ban →

After Seoul announced easing of the ban on crypto trading in the country, the price for bitcoin and other digital coins increased on Wednesday. On the Bitfinex the major virtual coin changed hands at $8,773.00 (2.53% up d-o-d). Ethereum rose in price to $860.77 (2.11% up) on the same platform. The top-3 Ripple coin was at $1.02102 on the Poloniex.

Bitcoin and other cryptocurrencies post gains on Seoul's revision of trading ban
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