The U.S. dollar dropped sharply in early European trade Friday - GEPL Capital
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News / Other data
* Bitcoin surged past the $20,000 barrier and was potentially heading for its best day in six months on Friday as the U.S. dollar fell broadly and markets found reasons to be cheerful at the end of a dour week.
* The U.S. dollar dropped sharply in early European trade Friday, after hawkish comments from the European Central Bank prompted traders to reassess global rate hike expectations.
* Most Asian currencies crept higher on Friday and were set to end the week largely unchanged as the dollar retreated from a 20-year peak.But hawkish comments from U.S. Federal Reserve Chair Jerome Powell kept investors wary of further losses in Asian markets, amid rising expectations of steep interest rate hikes by the central bank.
* The precipitous slide in Japan's currency has run so far and fast it's spooking big investors, and some are cutting bets that it will decline further, anticipating policymakers may soon step in to try and arrest the freefall.
* he dollar gained against the yen on Thursday, climbing in nine of the last 10 sessions, after Federal Reserve Chair Jerome Powell reiterated that the U.S. central bank will continue to raise interest rates in order to tame surging inflation and warned against prematurely loosening monetary policy.
* The U.S. dollar edged lower in early European trade Thursday, with the euro rebounding ahead of the latest European Central Bank rate decision, which is expected to result in another aggressive increase.
Data inference
* Actual' greater than 'Forecast' is good for currency.
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