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Monthly archive July, 2018

U.S. Consumer Prices Inch Up 0.1% In June, Less Than Expected

Consumer prices in the U.S. edged slightly higher in the month of June, the Labor Department revealed a closely watched report released on Thursday. The Labor Department said its consumer price index inched up by 0.1 percent in June after Read More →

ECB Policymakers Agreed On Need For Ample Stimulus, Open-ended Rate Guidance

Policymakers at the European Central Bank widely agreed that there was a need for retaining ample monetary policy stimulus to support inflation in the euro area, minutes of the bank's June 13-14 Governing Council meeting showed Thursday. ECB rate-setters also Read More →

Cryptocurrency Daily Roundup – Jul. 12

Cryptocurrency prices continued to erode and are deep in the red Thursday morning amid weaker volumes. The top four cryptocurrencies, led by Bitcoin, on CoinMarketCap were down more than 3 percent. Overall cryptocurrency market capitalization dropped nearly $10 billion from Read More →

Dollar firm boosted by rising inflation

The dollar held firm near a 10-day high on Friday boosted by expectations U.S. inflation will pick up, although concerns about an escalation in U.S.-China trade tensions limited the greenback's gains.

The dollar index against a basket of major Read More →

Cryptocurrency Daily Roundup – Jul. 11

Bitcoin and peers remained in the red Wednesday morning, extending the weakness witnessed over the past few days, though they are attempting a rebound. Overall cryptocurrency market capitalization was broadly unchanged around $254 billion as of 10.23 am ET on Read More →

USD holds well; trade war jitters ease and sentiment improves in Asia

USD continues to stand tall as it enters its fourth consecutive day in gains. The US Dollar index, an index measuring the strength of the USD against a basket of currencies rose to 94.79 earlier this morning after starting this Read More →