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eur-usd4-052518.jpg The dollar is rising against all of its major rivals Friday afternoon, after recovering from some early weakness. Investors were relieved after North Korea issued a measured response to the cancellation of the summit by U.S. President Trump yesterday. North Korea responded by saying they remain open...

weekly-roundup-052518.jpg Cryptocurrencies declined for the large part of the week, mainly due to regulatory concerns, but was attempting a rebound Friday morning. Bitcoin sunk below $7,300 by Thursday as a news report suggested that the US government was planning to launch a criminal probe into the allegations of price manipulation in the top cryptocurrency.

consumer-052518.jpg Consumer sentiment in the U.S. unexpectedly saw a modest deterioration in the month of May, according to revised data released by the University of Michigan on Friday. The report said the consumer sentiment index for May was downwardly revised to 98.0 from the preliminary reading of 98.8.

cryptocurrency-daily-roundup-052518.jpg Major cryptocurrencies were modestly higher Friday morning after four days of weakness. The Bitcoin price dropped below $7,300 Thursday, but has since attempted a comeback. Here is a wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.

durable-goods-orders-052518.jpg With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Friday showing a bigger than expected decrease in new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders slumped by 1.7 percent.

bitcoin-faucet-052518.jpg BITCOIN FAUCET is a means to dispense bitcoins as a reward. These are often websites or mobile apps that dispense bitcoins in its small units or satoshis as rewards for visiting them or for performing some small task such as captcha completion.

uk-gdp-52518.jpg The UK economy expanded at the weakest pace in five years in the first quarter, on weak consumer spending and business investment, the second estimate from the Office for National Statistics showed Friday. Gross domestic product grew 0.1 percent sequentially in the first quarter, slower than the 0.4 percent expansion registered in the fourth quarter. The rate came in line with the estimate.

germany-business-confidence-052518.jpg Germany's business confidence remained stable in May after falling for five straight months, survey data from the Munich-based Ifo Institute showed Friday. The business climate index came in at 102.2 in May, unchanged from April. This was the lowest reading since last May. The score was forecast to drop to 102 from April's originally estimated reading of 102.1.

european-economics-preview-052518.jpg Business sentiment from Germany and quarterly national accounts from the UK are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway is set to issue unemployment data for March. The jobless rate is forecast to remain unchanged at 3.9 percent in March.

eur-usd3-052418.jpg The dollar got off to a weak start against its major rivals Thursday, but has pared its losses in the afternoon. The recovery began after President Trump called off the planned summit with North Korean leader Kim Jong Un. Trump attributed the decision to the "tremendous anger and open hostility displayed...

india-crypto-gst-052418.jpg India may slap an 18 percent Goods and Services Tax on cryptocurrency trades, and Bitcoin and its peers could be treated as intangible goods similar to software, the business news outlet BloombergQuint reported, citing people familiar with the matter. The proposal comes even as there is uncertainty regarding the legal status of cryptocurrency in the country.

existing-home-sales-052418.jpg After reporting a bigger than expected increase in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing existing home sales pulled back by much more than expected in the month of April.

ecb-052418.jpg ECB policymakers agreed that the underlying growth momentum in the euro area remained intact, though the uncertainty regarding the outlook has increased, the minutes of the European Central Bank's April 25-26 rate-setting session showed Thursday.

cryptocurrencies-daily-roundup-052418.jpg Bitcoin and its peers continued their declining trend from the past few days on Thursday amid heightened concerns over increasing regulation. The top cryptocurrency dropped below $7,300, before bouncing back modestly. Here is wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

joblessclaims-052418.jpg For the second consecutive week, the Labor Department released a report on Thursday showing a weekly increase in first-time claims for U.S. unemployment benefits. The Labor Department said initial jobless claims climbed to 234,000 in the week ended May 19th.

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