Category: currencies
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President Trump Signs Executive Order To Ban Central Bank Digital Currencies (CBDC)
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US President Donald Trump today signed an Executive Order (EO) related to Bitcoin and cryptocurrencies, titled “Strengthening US Leadership in Digital Financial Technology.” This executive office officially prohibited the creation and issuance of a central bank digital currency (CBDC) in the United States, and defined a CBDC as “a form…
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President Trump Signs Executive Order To Ban Central Bank Digital Currencies (CBDC)
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US President Donald Trump today signed an Executive Order (EO) related to Bitcoin and cryptocurrencies, titled “Strengthening US Leadership in Digital Financial Technology.” This executive office officially prohibited the creation and issuance of a central bank digital currency (CBDC) in the United States, and defined a CBDC as “a form…
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Dollar edges higher against major currencies as traders weigh US data By Reuters
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By Chibuike Ojoh and Alun John NEW YORK/LONDON (Reuters) – The US dollar stabilized against major currencies on Friday as markets absorbed a large number of economic data that supported the current monetary policy path of the Federal Reserve (US central bank). The Labor Department reported that its U.S. producer…
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Russian rouble hits one-year lows against major currencies By Reuters
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MOSCOW (Reuters) – The Russian ruble fell further on Thursday, remaining at its lowest level against the U.S. dollar since October 2023. At 0740 GMT, the ruble fell 0.4% to 97.40 against the dollar, London Stock Exchange data showed. On Wednesday, the ruble reached the 97 level for the first…
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EM currencies set to hold steady or pare gains for the rest of 2024
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Written by Devayani Sathyan and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Most emerging market currencies are set to trade in narrow ranges or pare some of their year-to-date gains in the next three months after the U.S. Federal Reserve curbed expectations of deep interest rate cuts, according to Reuters. reconnaissance. After…
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These 5 digital currencies are set to skyrocket
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Cryptocurrency whales are eyeing altcoins that have the potential for huge gains. Discover five cryptocurrencies that experts believe could rise very quickly soon. Big cryptocurrency investors, often called whales,…
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These 5 digital currencies are set to skyrocket
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Cryptocurrency whales are eyeing altcoins that have the potential for huge gains. Discover five cryptocurrencies that experts believe could rise very quickly soon. Big cryptocurrency investors, often called whales,…
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Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows By Reuters
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Written by Sameer Manikkar Analysts remained bullish on most Asian currencies, although some pared bets slightly, as a defensive U.S. dollar driven by a dovish Federal Reserve boosted the appeal of risk-sensitive assets, a Reuters poll showed on Thursday. Long bets were highest on the Malaysian ringgit and the Thai…
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ASEAN currencies rally not backed by fundamentals, says BCA By Investing.com
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BCA Research has expressed doubts about the sustainability of the recent rally in ASEAN currencies, noting that a slowdown is expected. The research firm pointed to the lack of support from economic fundamentals, stressing that the contraction in global export orders indicates an upcoming weakness in ASEAN exports, which could…
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Currencies tread water as Middle East risks temper rate cut optimism By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The dollar edged up on Tuesday and major currencies traded sideways as lingering concerns over tensions in the Middle East partly overshadowed investor optimism about an imminent U.S. interest rate cut. Geopolitical risks kept early currency moves subdued, although fears of an escalation…
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UBS looks to fade rallies in the US dollar, move into other G10 currencies
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll By Reuters
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Written by Sameer Manikkar (Reuters) – Analysts have become bullish on most major Asian currencies for the first time in more than a year, supported by rising bets on interest rate cuts by the U.S. Federal Reserve and the unwinding of yen-funded carry trades, a Reuters poll showed. A biweekly…
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Squeeze on carry trades leaves currencies, investors on edge By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar suffered sharp losses on Tuesday as the yen retreated after a sharp rise in the previous session as traders faced the prospect of a sharp rate cut by the Federal Reserve. The yen fell 0.89 percent on Tuesday to 145.48…
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ForexLive European FX news wrap: Currencies lightly changed awaiting US PCE
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or…
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Currencies consolidate as dollar steadies, euro hangs near one-month low By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar rose on Monday as the euro hovered near the lowest level in more than a month amid political turmoil in Europe, while investors awaited new signs of the strength of the U.S. economy. Investors are weighing the risk of a budget…
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Bears firm up bets on Asian currencies as US rate cuts remain elusive : Reuters poll By Reuters
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Written by Sameer Manekar (Reuters) – Analysts strengthened their bearish positions on most Asian currencies as higher long-term US interest rates and the dollar’s resilience are likely to continue to hurt local units, a Reuters poll showed on Thursday. A bi-monthly poll of 10 analysts showed that the Indonesian rupiah…
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562 Million People Now Own Digital Currencies Worldwide
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The world is witnessing an unprecedented surge in cryptocurrency adoption, with 562 million people worldwide now owning digital assets, providing insight into how many people own cryptocurrencies around the world. This represents a significant 34% increase from the 420 million cryptocurrency users in 2023, underscoring the rapid spread of this…
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AUDUSD is one of the weakest of the major currencies as USD moves higher/commodities lower
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The Australian dollar is one of the weak points among the major currencies (along with the New Zealand dollar). Commodities fell sharply on the back of a stronger dollar/higher interest rates/more stubborn Fed. Technically, the price moved lower to test a range of supports including the 38.2% retracement level at…
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Forexlive Americas FX news wrap 7 May: The USD is the strongest of the major currencies.
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The American session was devoid of any American data today. The only economic report was the Ivey PMI from Canada, which came in stronger than expected. Despite the gains, the Canadian dollar weakened and was one of the weakest major currencies. Today the US dollar was the strongest among the…