Yen nurses losses near 3-year lows; euro struggles
- Despite a rally in crude $OIL prices to three-year highs, there is scant evidence that demand in the top importing region of Asia is recovering
- The Japanese yen held near three-year lows versus the U.S. dollar as a surge in U.S. Treasury yields and rising commodity prices, particularly oil, prompted investors to dump the currency
- #Binance, the largest cryptocurrency exchange, has launched a $1 billion growth fund in support of the Binance Smart Chain blockchain, with the goal of helping to accelerate adoption
- #BTC/USD dove 3.1%
- #XAUUSD gained 0.3%