Category : Change of Money
China will launch yuan futures on the London metals market in order to impose its currency against the U.S. dollar.
The precious yellow metal drops a little, pressured by increased in the U.S. dollar, but prices still just above the $1,300-an-ounce level to score a gain.
Gold prices are up as new pressures with North Korea have pushed investors into less risky assets.
Recently, gold prices have risen largely due to geopolitical uncertainty, complicated trade negotiations between the United States and China, and the relatively stable dollar.
The famous cryptocurrency Bitcoin drops below $8,000.
Digital currencies moved lower Tuesday, with some altcoins, smaller coins alternative to bitcoin, losing as much as 7%.
There’s a ‘decent probability’ bitcoin goes to zero, says Vanguard economist.
The European Union is considering switching payments from the US dollar to the euro after Washington threatened to target European firms working in Iran, according to reports.
Buenos Aires (AFP) - Argentina appears to have resolved, at least in the short term, the crisis over the peso and its depreciation by taking drastic action -- but analysts warn the policy is untenable over time.
So much for the Blockchain Week Bounce.