The stability of the dollar and the decline of cryptocurrencies
TOKYO, June 2, 2017 (WAM) – The dollar exchange rate stabilized today, with markets adopting a wait-and-see approach to developments in events in the Middle East.
The dollar index stabilized at 99.17, while the euro rose 0.03 percent to $1.1634, and the British pound rose 0.07 percent to $1.346.
The Japanese yen fell 0.02 percent to 159.66 to the dollar following statements by Japanese Finance Minister Satsuki Katayama regarding the authorities’ readiness to intervene in the currency market as needed. The Australian dollar rose 0.1 percent to $0.7162, and the New Zealand dollar rose 0.07 percent to $0.5933.
As for cryptocurrencies, the price of Bitcoin fell 0.13 percent to $71,277.59. The price of Ethereum fell 0.04 percent to 2001.94
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