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U.S. DOLLAR
This is the longest losing streak recorded by the safe-haven currency in ten years.
Brent crude gained 0.30% to $43.69 as of 8: 20 AM GMT.
The U.S. Dollar Index was slightly down at 0.02% to 97.040 at 1.30 pm Nigerian time.
Global investors and currency traders are predicting futuristic gains for the greenback.
Member of the Financial Services Committee asked to know what digital dollars had to do with financial inclusion.
U.S. President Trump boosted investors’ optimism after he tweeted that the deal was “still intact.”
Some currency traders expect sentiments to be risk-averse in this coming week.
Currency traders remained optimistic about the dollar, despite its recent pullbacks.
Currencies tracked by the U.S dollar index include; euro, British pounds sterling, and the Japanese yen.
U.S dollar index gained 0.08% to trade at 96.6980 at 4.30 am local time as currency traders await the U.S. Federal Reserve’s next move.
The organic growth of Tether’s market capitalization is one of the major reasons for the gain Bitcoin (BTC) is presently having in the mid-term.
U.S dollar dropped on Monday morning as global investors and currency traders got more optimistic about the global economic recovery