The euro rose significantly on Thursday. The common currency quoted in the evening 0.5 percent higher at 1.1842 dollars. The minutes of the US Federal Reserve’s recent deliberations have confirmed the assessment that the Fed is in no hurry to tighten monetary policy, said Neil Wilson, chief analyst of the online broker Markets.com. The easing of the inflation criteria by the European Central Bank, which was as expected, had no impact on the exchange rates. The Bitcoin price fell more than five percent to $ 32,101. “The fear of stricter regulation and environmental debates in connection with the energy-intensive mining of digital currencies continue to weigh on the market,” said analyst Timo Emden from Emden Research. A slide below the $ 30,000 mark is still possible.
In view of rising corona infections in many parts of the world, many investors fled to government bonds and gold, which are considered a safe haven. The Japanese government has imposed a state of emergency corona for Tokyo until August 22, and thus also for the time of the Olympic Games. The yields on ten-year Bunds fell to minus 0.344 percent. The yield on US government bonds slipped to 1.25 from 1.321 percent. The price of gold rose at times by 0.8 percent to $ 1,818.
After the losses of the past few days, oil prices went up. The European Brent is one percent more expensive to $ 74.18 per barrel (159 liters). The US variety WTI was 1.3 percent higher. Investors continued to wonder how production volumes would change after the collapse of the negotiations Opec + said analyst Pierre Veyret from brokerage firm ActivTrades. Speculations about a lower demand put the copper on. The price of the industrial metal fell 1.4 percent to $ 9,320 per ton.