US dollar stronger driven by upcoming release of Federal Reserve minutes

Posted 23 May, 2018

The US dollar has raised in price against the majors in the middle of the week after showing some weakening a day before. Investors have again become interested in risk assets seeing better relations between the USA and China. The markets are reportedly waiting for the minutes of US Federal Reserve meeting, expecting possible strong signals of the interest rate revision.

The US Dollar index rose to 93.68 this morning. For reference, the peak level was recorded on Monday at 93.91.

The US dollar-to-yen exchange rate reached 110.27, as the yen was bolstered by the greenback impulse.

The Australian dollar dropped to 0.7533 against its American counterpart affected by weak construction sector reports. Specifically, the data showed that complete construction rose just by 0.2% instead of anticipated 1.3%.

In China, the PBOE has set reference yuan rate vs the greenback at 6.3773 (6.3799 yesterday). The US dollar-to-yuan pair changed hands at 6.3866.
The euro-to-US dollar rate slackened to some $1.1740 steadily coming to the half-year bottom of $1.1717 recorded at the beginning of the week.

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23 May, 2018 11:35

← tZero and Box Digital to open JV for security-tokens

tZero company run by online-retailer Overstock, and Boston-based BOX Digital Markets LLC have announced a joint venture project aimed at security-tokens trading. According to the news reports, the new trading platform will list startups' security-tokens, while the parent companies will also be able to tokenize shares at the traditional exchanges.

tZero and Box Digital to open JV for security-tokens

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22 May, 2018 17:12

Tuesday marked by weaker cryptos and Canaan's IPO →

The crypto market is drifting downwards on Tuesday. On the Bitfinex, bitcoin is priced at some $8,226, while the Ethereum, the second major coin, changes hands on this platform at $685. Ripple is quoted at $0.66536 and Litecoin price was at $132.99. Despite weaker cryptos, the top-2 producer of mining facilities intends to get $2 billion from IPO slated for July.

Tuesday marked by weaker cryptos and Canaan's IPO
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