Yen weakens vs US dollar after North Korean statements

Posted 25 May, 2018

At the end of the week, the Japanese currency has decreased vs the US dollar after reaching a 2-week peak, driven by the reports from North Korea. The North Korean representatives stated that their leader was still open and ready to settle the conflict with Washington even after the US President had canceled the meeting with Kim Jong-un. 

With the accommodative statement of the vice minister of North Korea's Ministry of Foreign Affairs, the yen decreased to some 109.52 today.

The recent hikes of the yen are probably related to the recent move of Donald Trump, who canceled the meeting the North Korean leader citing heavy angry and hostility in the latest statement of Pyongyang. Moreover, Trump added that the US army is ready to repel any harebrained moves of North Korea.

The US Dollar index went up to some 93.83.

The European currency decreased to $1.1707, and further weakening is possible in the pair with the greenback taking into account slower economic upturn in the euro-area.

Negative dynamics was also posted by the sterling. The sterling-to-US dollar exchange rate dropped to 1.3359 given that the annual UK economy remained at 1.2%. 

Previous story

25 May, 2018 15:24

← Bitfinex said to look for bank in Puerto Rico

One of the major trading platforms – Bitfinex – seems to get along with banking institutions in Puerto Rico. With the last-year funds block by Wells Fargo, Bitfinex became a real murky secret in the market as no one can explain how the platform can make transfers actually without the bank...The possible connection of Bitfinex and Puerto Rico-based banking organization was brought up by BitMex back in March.

Bitfinex said to look for bank in Puerto Rico

Next story

25 May, 2018 12:08

One London-based mosque starts accepting crypto contributions →

A mosque in London is said to be the first Islamic organization in the country to accept donations in cryptos. This move has been enabled by the theology study that was carried out last week and showed that cryptocurrency does not conflict with Sharia Law. The Shacklewell Lane Mosque in Hackney intends to collect at least GBP 10,000 donations in terms of BTC and ETH.

One London-based mosque starts accepting crypto contributions
Write a comment
Prove you’re not a bot + 19 = 37