Ethereum advances amid geopolitical developments in the Middle East
Ethereum rose on Monday as markets follow the latest geopolitical developments in the Middle East and their impact on high-risk assets such as cryptocurrencies.
US President Donald Trump said Iran will carry the responsibility of any attack made by Yemen’s Houthi group.
He asserted the US army will expand its biggest military operation in the Middle East since his return to the White House.
Earlier US data showed retail sales rose 0.2% m/m in February to $722.7 billion.
Analysts now expect the Federal Reserve to hold interest rates unchanged at this week’s policy meeting.
However, the Fed will release its outlook and forecasts, important for gauging the likely impact of Trump’s policies.
Investors worldwide continue to be concerned about the impact of the global trade wars on businesses and profits.
Ethereum
On trading, ethereum rose 2.5% on Coinmarketcap as of 20:20 GMT to $1936.2.
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Aussie climbs 1% as demand rises on commodity currencies
The Australian dollar rose against most major rivals as the risk appetite improved and demand on commodity currencies rallied.
On trading, the AUD/USD pair rose 1% as of 20:07 GMT to 0.6386.
Loonie
The Canadian dollar rose 0.6% against its US counterpart as of 20:07 GMT to 0.700.
US Dollar
The dollar index fell 0.3% as of 19:38 GMT to 103.4, with a session-low at 103.3.
Earlier US data showed retail sales rose 0.2% m/m in February to $722.7 billion.
Analysts now expect the Federal Reserve to hold interest rates unchanged at this week’s policy meeting.
However, the Fed will release its outlook and forecasts, important for gauging the likely impact of Trump’s policies.
Investors worldwide continue to be concerned about the impact of the global trade wars on businesses and profits.
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Gold continues to shatter record highs above $3000
Gold prices rose on Monday as the dollar fell against most major rivals, with the precious metals hitting fresh record highs above $3000.
Earlier US data showed retail sales rose 0.2% m/m in February to $722.7 billion.
Analysts now expect the Federal Reserve to hold interest rates unchanged at this week’s policy meeting.
However, the Fed will release its outlook and forecasts, important for gauging the likely impact of Trump’s policies.
Investors worldwide continue to be concerned about the impact of the global trade wars on businesses and profits.
Otherwise, the dollar index fell 0.3% as of 19:38 GMT to 103.4, with a session-low at 103.3.
Gold spot prices rose 0.2% as of 19:39 GMT to $3006.8 an ounce.
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Wall Street buoyed by positive data
US stock indices rose on Monday amid mounting concerns about global trade wars, but Wall Street was boosted by positive data.
Earlier US data showed retail sales rose 0.2% m/m in February to $722.7 billion.
There are still concerns about the ongoing trade war with corporations worldwide calculating the impact of tariffs on their businesses.
On trading, Dow Jones rose 0.2% as of 14:08 GMT, or 94 points to 41,582 points, while S&P 500 rose 0.3%, or 14 points to 5653 points, as NASDAQ added 0.1%, or 11 points to 177,65 points.
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