Category: Asia
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Crypto Revolution: Asia Poised To Ignite The Next Mega Bull Run, Analyst Forescasts
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In decentralized finance (DeFi), Asia, especially China and its neighboring countries, is poised to become the catalyst for the next major bull market for cryptocurrencies, according to DeFi analyst and researcher Ignas. In recent social media mail On X (formerly Twitter), the researcher highlighted the various factors that contribute to…
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Crypto Revolution: Asia Poised To Ignite The Next Mega Bull Run, Analyst Forescasts
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In decentralized finance (DeFi), Asia, especially China and its neighboring countries, is poised to become the catalyst for the next major bull market for cryptocurrencies, according to DeFi analyst and researcher Ignas. In recent social media mail On X (formerly Twitter), the researcher highlighted the various factors that contribute to…
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Asia FX muted, dollar nurses weekly losses with nonfarm payrolls in focus By Investing.com
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Investing.com — Most Asian currencies moved little on Friday in anticipation of key U.S. jobs data due later in the day, although rising expectations for interest rate cuts had the dollar heading toward a weekly loss. Sentiment towards risk-driven assets improved this week following interest rate cuts from . But…
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Asia FX advances as rate cut bets put dollar near 2-mth low By Investing.com
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Investing.com — Most Asian currencies rose on Thursday, tracking dollar weakness as soft employment data continued to flow, raising bets that the Federal Reserve will start cutting interest rates in the coming months. The US currency hovered just above its lowest level in two months, and remained weak as expectations…
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Launches of FX NDF Trading in Asia Pacific
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SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule…
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Asia FX weakens as dollar recoups some losses, Indian rupee tests record lows By Investing.com
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Investing.com — Most Asian currencies fell slightly on Wednesday as the dollar recovered from two-month lows, while the Indian rupee tested record lows after 2024 general election results showed the ruling Bharatiya Janata Party did not sweep as expected. Broader risk appetite improved somewhat, as weak US data fueled bets…
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Asia FX rangebound, dollar at 2-mth low amid rate cut watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Tuesday, while the dollar hovered near two-month lows, as weak economic readings fueled expectations of an eventual interest rate cut by the Federal Reserve. But traders remain wary of risk-driven Asian markets, with key US employment data, due this week, set to…
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Asia FX steady as dollar drops amid rate cut speculation; Indian rupee surges By Investing.com
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Investing.com — Asian currencies were mostly flat on Monday, reversing some recent losses against the dollar after embedded inflation data raised expectations for interest rate cuts and sparked sharp declines in the US currency. The Indian rupee was a standout performer among its peers, rising sharply after exit polls for…
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Asia FX weak, dollar at over 2-week high before more rate, inflation cues By Investing.com
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Investing.com — Most Asian currencies fell on Thursday, while the dollar rose above two-week highs on caution ahead of more key signals on U.S. inflation and interest rates in the coming days. Regional currencies are still reeling from a series of hawkish signals from the Federal Reserve, with officials warning…
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Asia FX weakens as China PMIs disappoint; Dollar steady before PCE data By Investing.com
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Investing.com — Most Asian currencies fell on Friday, with China’s yuan heading back towards six-month lows after disappointing business activity readings, while the dollar steadied in anticipation of key inflation data. Regional currencies also remained under pressure amid lingering concerns about US interest rates rising for longer, as hawkish comments…
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Southeast Asia hit with dealmaking slump, with 39% drop in PE deal value in 2023
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Private equity investments It is being reduced Around the world, as “higher for longer” interest rates and uncertain global growth have dampened investors’ appetite for risk, Southeast Asia, which just a few years ago was seen as an emerging hotspot for the digital economy, is no exception. A new report…
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Asia FX nurses losses as dollar hits 10-day high on easing rate cut bets By Investing.com
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Investing.com — Most Asian currencies fell on Friday and suffered sharp losses against the dollar, as hawkish signals on inflation and interest rates led traders to price in expectations of interest rate cuts in 2024. Sentiment towards Asian markets was also shaken by signs of a renewed trade war between…
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Asia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZ By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday as the dollar held steady in anticipation of more signals on U.S. interest rates from the minutes of the Federal Reserve’s latest meeting. The New Zealand dollar was an exception, rising sharply after the Reserve Bank of New Zealand took a…
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Asia FX creeps lower, yen fragile with more rate cues on tap By Investing.com
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Investing.com — Most Asian currencies fell on Tuesday, while the dollar rose slightly as traders awaited more signals on US interest rates from the Federal Reserve. The Japanese yen continued to weaken, with the currency returning towards levels that attracted the latest currency market intervention by the government. Declining optimism…
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Case Study: Enabling Bitcoin as a Medium of Exchange at the Bitcoin Asia Conference in Hong Kong
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The Bitcoin Asia conference held on May 9-10, 2024 in Hong Kong demonstrated a significant milestone in the adoption of Bitcoin as a legitimate medium of exchange. This article describes the strategies and technologies applied to facilitate seamless Bitcoin transactions of goods and services over the course of two days,…
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Asia FX muted, dollar steady ahead of more Fed cues; yen stays fragile By Investing.com
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Investing.com — Most Asian currencies fell slightly on Monday, while the dollar held steady as traders awaited more signals on interest rates from the Federal Reserve this week. The Japanese yen remained fragile after reversing a large portion of its gains made as a result of potential currency market intervention…
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Economic calendar in Asia Monday, 20 May 2024 – People’s Bank of China rate setting day
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Last Wednesday, the People’s Bank of China kept the interest rate on its medium-term lending facility unchanged at 2.5%. The MLF’s no-change rate strongly suggests that the one-year and five-year loan coverage rates will remain at the same rates as well: 3.45% and 3.95%, respectively The MLF rate setting is…
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Bitcoin Asia: China Emerges As New Frontier For Bitcoin Innovation
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Ah, the Wild West. John Wayne, The Man With No Name, Billy the Kid and Jesse James. Borders have a way of capturing everyone’s imagination – young and old. Cowboys, outlaws, gold diggers. A land of opportunity and harsh cruelty. Ruthless but irresistible. Bitcoin was once such a frontier. The…
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Bitcoin Asia: China Emerges As New Frontier For Bitcoin Innovation
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Ah, the Wild West. John Wayne, The Man With No Name, Billy the Kid and Jesse James. Borders have a way of capturing everyone’s imagination – young and old. Cowboys, outlaws, gold diggers. A land of opportunity and harsh cruelty. Ruthless but irresistible. Bitcoin was once such a frontier. The…
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Asia FX weakens as dollar recovers amid waning rate cut cheer By Investing.com
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Investing.com — Most Asian currencies fell on Friday as the dollar regained some of recent losses after a series of Federal Reserve officials warned that bets on interest rate cuts may be premature. While the dollar is still on track to post some weekly losses, it was trading well above…