30 Dec '17, 7pm

US Dollar Will End 2017 as Worst Year Since 2003, While Bitcoin is Up 1,372%

US Dollar Will End 2017 as Worst Year Since 2003, While Bitcoin is Up 1,372%

The US dollar has recorded the largest annual decline in value since 2003 and is forecasted to end 2017 at a three-month low against other major currencies like the Chinese yuan and Japanese yen. Separating money and state Meanwhile, Bitcoin, the most valuable cryptocurrency in the market with a $227 bln market valuation, is en route to ending the year recording a 1,341 percent increase in value, as one of the most profitable cryptocurrency in the global market behind Ripple , Litecoin , Dash and Ethereum . Several analysts such as Chris Gaffney, president of World Markets at EverBank, told Reuters that the value of US dollar would likely further decline throughout 2018, with no signs of short-term recovery. “The dollar will face more headwinds in 2018. The Fed won’t be going at it alone in terms of taking off more gas from the stimulus pedal.” Jens Nordvig, CEO of Exante ...

Full article: https://cointelegraph.com/news/us-dollar-will-end-2017-as...

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via @technology

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