Day: June 18, 2020

How the Dow Jones Influenced Litecoin Movements

How the Dow Jones Influenced Litecoin Movements

Jobless claims came in worse than expected for this week, sending the Dow Jones Industrial Average down in pre-market. Financially motivated layoffs, small businesses on lockdown, and larger companies uncapable of continuing businesses motivated the loss. The figure began to decline across the United States since the outbreak, pushing demand for the currency lower and …

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Gold price and dollar

Risk Aversion Goes Up, But Gold Falls Thursday on Dollar Strength

The market is operating defensively on Thursday after the increase in COVID-19 cases. Stock markets are moving lower, but gold fails to translate that into profit because the dollar is also higher. According to the latest update of the COVID-19 cases from Hopkins University, yesterday, 176 new cases of coronavirus were registered worldwide. It set …

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