The US dollar registered a drop this Friday (10), reacting negatively to the increase in unemployment benefit claims in the United States. This movement benefited Bitcoin (BTC) and other risk assets, on a day marked by gains for the main American stock exchanges.
According to the DXY Index, which tracks the dollar’s performance in relation to other currencies, the American currency fell 0.45%, going from 105.73 to 105.25. Earlier this afternoon, the index registered an increase of 0.11% in the last 24 hours to 105.34.
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On the same day, the S&P 500, one of the main indexes on the American stock market, approached its historical record, while the Dow Jones and the Nasdaq Composite also registered an increase.
Bitcoin registered a drop of 1.88% and is being traded at US$61 thousand. ING bank currency strategist Francesco said “the dollar’s negative reaction to a modest increase in US jobless claims yesterday tells us that the generally overbought dollar remains quite vulnerable to even slightly more data releases.” soft US markets and now markets may be buying more convincingly.”
Tags: Dollar falls Bitcoin BTC signs slowdown American economy
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