US dollar weaker vs yen and euro at Asian session

Posted 04 July, 2018

The US dollar has decreased against the euro and yen at the Asian session. US markets are closed for the Independence Day celebration today. ICE index dipped by some 0.1%.

This morning the euro-to-US dollar exchange rate rose to $1.1678 ($1.1658 a day before).

The greenback has also lost positions vs the yen reaching 110.37 (110.59). Meanwhile, the euro to yen rate stayed at about 128.93 (128.93 yesterday).

The euro, in its turn, got support from the German news. In particular, the ruling coalition reportedly managed to agree on the migration issue. As a result, the threat of a break-up of the leading coalition has faded away.

Meanwhile, a member of Managing Board of Japan's Central Bank supported the extra soft monetary policy, noting that the short-term rate revision would hit the financial sector.

Chinese yuan kept gaining grounds against the US dollar. The greenback decreased to some 6.6129, while earlier it was seen at 6.6425. The PBOC made it clear yesterday that the bank did not plan any reduction of the yuan to win advantage against the USA in the context of the current trade dispute. The regulator intends to maintain stable rate.

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04 July, 2018 11:40

← Crypto prices weaker, stolen funds can reach $1.5 billion in 2018

Cryptocurrencies have weakened by the middle of the week. According to the released reports, in H1 2018 the global exchanges lost 3-fold more than over the full 2017. Prices for Bitcoin on the Bitfinex were at $6,533 this morning; Ethereum on this platform was quoted at $466. At the same time, Ripple on the Poloniex dropped to some 0.48600.

Crypto prices weaker, stolen funds can reach $1.5 billion in 2018

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03 July, 2018 16:40

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Crypto ban remains valid after supreme court hearing in India
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