Binance, the world's largest cryptocurrency exchange, said on Monday that it would stop offering cryptocurrency margin trading involving the Australian dollar, euro and sterling. The cryptocurrency exchange's curbs on its services come as a string of regulators across the globe have been issuing warnings about the platform and some of the services it offers. From Aug. 10, Binance will suspend margin borrowing for bitcoin, ether and other large cryptocurrencies and their Australian dollar, euro and sterling pairs, the company said in a statement.
The dollar edged lower in early European trading Monday, but remained at elevated levels ahead of this week’s important policy meeting by the U.S. Federal Reserve. This week’s key event is the two-day meeting of the Federal Reserve, concluding on Wednesday. There isn’t expected to be a change in policy at this meeting, but the central bank could provide more clarity over when it will start to taper its massive bond-buying program, in the light of above-trend economic growth and inflation.
The Euro has gone back and forth during the course of the trading session on Friday as we continue to see a lot of support just below, but obviously there is quite a bit of downward pressure in general.
Euro zone bond yields sought direction on Friday and were little moved by mixed business activity readings from the region's largest economies, while investors continued to digest Thursday's ECB policy decision. The data had little impact on the bond market, and the euro zone wide data is due at 0800 GMT. Most euro zone 10-year bond yields were up around a basis point in early trade, with Germany's 10-year yield, the benchmark for the region, at -0.41%, near the lowest since February touched earlier this week.
EUR/USD Current Price: 1.1772 The ECB kept its monetary policy unchanged, presented vague forward guidance. EU data was worst than anticipating, spurring demand for safe-haven assets. EUR/USD is pressuring weekly lows and poised to extend its slump. The EUR/USD pair is ending Thursday in the red and at weekly lows, trading at around 1.1770 after a failed attempt to break higher. The European Central Bank announced its decision on monetary policy, and as widely anticipated, it left rates and the
TOKYO (Reuters) – The safe-harbour U.S. dollar and yen were on the back foot on Thursday, after pulling back from multi-month highs amid a recovery in risk appetite as strong earnings lifted Wall Street stocks.
The European Central Bank, as expected, left interest rates and its program of asset purchases unchanged Thursday, while tweaking its forward guidance on policy to put it in line with its newly adopted inflation target. The ECB earlier this month completed a strategic review, adopting a symmetric 2% inflation target in place of its previous aim of keeping inflation near but just below 2%. In a statement following its policy meeting, the Governing Council said it expects "key ECB interest rates t
Euro gained against the Great British Pound and the US Dollar today as German ZEW Economic Sentiment and European ZEW Economic Sentiment data were very positive, despite the prolongation of restrictions in Europe until mid-February.
At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 92.597. EUR/USD climbed 0.1% to 1.1848, USD/JPY fell 0.1% to 104.53, while the risk sensitive AUD/USD rose 0.3% to 0.7287.
Trump once again shook the market with his Friday Tweet regarding the Stimulus bill where he wanted the deal to be completed ASAP, as a result, Gold and other commodities surged while the US Dollar Index plummeted.
News that AstraZeneca (NYSE:AZN) has resumed late-stage trials of its Covid-19 vaccine candidate, coupled with Pfizer (NYSE:PFE) CEO Albert Bourla saying its candidate has a “good chance” of submitting key data from late-stage trials by the end of October, has created a more positive attitude to risk, hitting the dollar. “Despite its profound fall in the past few days, we expect the pressure on GBP to continue building ... as until-recently complacent investors adjust to the new reality of a heightened no-deal Brexit risk and start/continue building GBP shorts,” ING added.
At 2:50 AM ET (0650 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 93.090, with EUR/USD up 0.2% at 1.1829. The euro has pushed higher, helped by Bloomberg News reporting that ECB officials are growing more confident in the bloc's economic outlook. With this in mind, traders will be following this ECB meeting closely.
The dollar gained in early European trade Wednesday, with the sharp selloff in U.S. equity markets prompting traders to ditch riskier currencies in favor of the world's reserve currency. "The tech selloff has caught the market by surprise and it is a bit jittery as to whether there are broader implications," said Bank of Singapore currency analyst Moh Siong Sim, in a Reuters report. EUR/USD slipped 0.1% to 1.1768, continuing to retreat from the 1.20 level it briefly touched last week before European Central Bank chief economist Philip Lane’s comments that the exchange rate mattered to monetary policy.