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Treasury Secretary Mnuchin says stronger dollar is in the best interest of the country (news: 26/01/18)

Today's press

  • Treasury Secretary Steven Mnuchin, under fire for comments he made earlier this week seemingly advocating a weak dollar, told CNBC on Friday the U.S. has a long-term interest in a strong greenback.

  • (Reuters) - The Dow Jones Industrial Average opened at a record high on Friday, powered by gains in chipmaker Intel, and the other main indexes were higher as investors shrugged off weaker-than-expected U.S. economic growth data.

  • LONDON (Reuters) - The pound rose on Friday after Britain’s economy unexpectedly picked up speed in the last three months of 2017, adding to the view that the hit from the Brexit vote was not as bad as expected.

  • The European Central Bank (ECB) says it “expects” cryptocurrency regulation to be high on the agenda at the G20 Summit in Buenos Aires this March.

  • Stock trading app Robinhood has become the latest platform to sign onto the cryptocurrency craze. The app announced today that its users will be able to view latest prices, news and set alerts for 16 cryptocurrencies. Starting February, Robinhood plans to offer trading services for bitcoin (BTC) and ethereum (ETH) to customers in California, Massachusetts, Missouri, Montana and New Hampshire. Most importantly, they will be able to purchase cryptocurrencies without incurring commission charges. This is a significant development when you consider that major exchanges, such as Coinbase, charge as much as 4% of a transaction’s total value as fees for crypto purchases.

Next trading day's important events

Forex quotes:

  • USDJPY: 108.72
  • EURUSD: 1.2422

Indices:

  • S&P 500: 2848.61
  • NASDAQ: 7444.10

 



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