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Weaker dollar feeds gains

Weaker dollar feeds gains

BoE chief is worried by El Salvador’s move to adopt bitcoin

  • A tech shares bounce carried European #equities higher, following similar gains on Wall Street and Asia and helped also by a small pullback in the dollar from a 17-month high.
  • Bank of England Governor Andrew Bailey said El Salvador’s decision to adopt #Bitcoin as its currency was concerning because consumers probably will be caught out by its volatility
  • #Fed officials have contributed to the more hawkish view that the U.S. central bank may act sooner to try to stem rising price pressures if inflation doesn’t moderate
  • #BTCUSD added 3.5%
  • #WTIUSD dropped 0.4%

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