The dollar has weakened against its counterparts for yet another day, as traders reacted to downbeat US building permits and housing starts data. US reports have been mostly weaker than expected so investors might be pricing in a dovish rhetoric from the FOMC next week.
Meanwhile, the rally in commodities has supported bitcoin price, with market participants flocking to higher yields. US oil supply has increased by 3.1 million barrels according to the API while the end of the oil strike in Kuwait means a return to production. Even so, crude oil has managed to hold on to its current levels, keeping risk appetite in play in the financial markets.
http://www.newsbtc.com/2016/04/20/bitcoin-price-technical-analysis-04202016-upside-breakout-next/
