Category: Dollar
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Dollar Rebounds as Trump Eyes More Canada, Mexico Tariffs
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(Bloomberg) — The dollar rebounded again after posting its biggest drop in 14 months amid bets that U.S. President Donald Trump’s tariff plans will stimulate inflation and prevent further interest rate cuts from the Federal Reserve. Most read from Bloomberg The Bloomberg dollar gauge rose as much as 0.7% in…
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Bitcoin Hits Record, Dollar Falls on Trump’s Inauguration Day
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Bitcoin hit a new peak above $109,000 and the US dollar fell on Monday, as investors pondered the fallout from Donald Trump’s second presidency. Stock futures rose, following gains achieved by stock markets in Asia and Europe. As of 12:05 PM EST, shortly after Trump was sworn in, contracts tied…
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Crypto Faces The ‘Dollar Wrecking Ball’: What This Means
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In a mail Shared via Encrypted, they listen intently. How the Dollar Wrecking Ball Affects the Cryptocurrency Market According to Bittle, the “dollar wrecking ball” has gained impressive momentum over the past two months, putting significant pressure on global liquidity and dampening economic surprises in the United States. While the…
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Shekel weakens sharply against US dollar
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The shekel is weakening sharply today against the US dollar and is strong against the euro. In the afternoon of interbank trading, the NIS-USD exchange rate rose 1.40%, to NIS 3.678/$, and the NIS-Euro rate rose 0.16%, to NIS 3.782/EUR. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate…
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Despite war shekel matched outperforming US dollar in 2024
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Throughout 2024, with the dollar outperforming against most major currencies, the shekel/dollar rate has remained relatively stable, closing 0.027% higher today at NIS 3.647/$. In 2024, the dollar experienced its strongest year since 2015, rising more than 7% against the world’s major currencies. But despite the war, the shekel has…
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Dollar stands tall in 2024, propped up by cautious Fed, Trump trade
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Written by Ankur Banerjee SINGAPORE (Reuters) – The dollar was strong on the last trading day of the year, poised for strong gains in 2024 against most currencies as investors brace for smaller U.S. interest rate cuts and the policies of the incoming Trump administration. The rise of the dollar,…
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Dollar Eyes Best Year in Almost a Decade
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(Bloomberg) — The dollar is headed for its best year in nearly a decade, as the strength of the U.S. economy limits expectations for a round of interest rate cuts by the Federal Reserve and President-elect Donald Trump’s threats to impose harsh tariffs support bullish bets on the currency. Most…
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Economists say more room to fall as Canadian dollar continues downward trend
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Breadcrumb links PMN BMN Business Article writer: Canadian Press Ritika Dubey Posted on December 24, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content Experts say that the next few months will be difficult…
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Oil falls on demand growth concerns, robust dollar
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Written by Ghislaine Lehr SINGAPORE (Reuters) – Oil prices fell on Friday on concerns about demand growth in 2025, especially in China, the largest importer of crude, putting global oil standards on track to end the week down about three percent. Brent crude futures fell 33 cents, or 0.45 percent,…
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Shekel weakens against dollar after Fed meeting
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Although the US Federal Reserve cut interest rates by 0.25%, it indicated only two rate cuts in 2025 compared to the four previously expected. The shekel is weakening sharply today against the US dollar and is strong against the euro. In late morning interbank trading, the NIS-USD exchange rate rose…
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Markets fear Fed floor at 4%, dollar booms
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A look at the day ahead in the US and global markets from Mike Dolan Although the Fed’s “tight cut” on Thursday was widely expected, markets now fear 4% interest rates will be the floor for at least next year – and no further easing until mid-year or later. The…
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Economist And Crypto Critic Reveals How Bitcoin Could ‘Destroy’ the Dollar
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One financial commentator warned against this Bitcoin The US dollar will likely weaken if the government intervenes in the cryptocurrency. Economist Peter Schiff believes that if the US government decides to adopt the first cryptocurrencies, it will have a negative impact on the US currency by inflating the money supply.…
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Economist And Crypto Critic Reveals How Bitcoin Could ‘Destroy’ the Dollar
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One financial commentator warned against this Bitcoin The US dollar will likely weaken if the government intervenes in the cryptocurrency. Economist Peter Schiff believes that if the US government decides to adopt the first cryptocurrencies, it will have a negative impact on the US currency by inflating the money supply.…
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Ex-Goldman Sachs CEO Believes Bitcoin Could Rival US Dollar
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In a post shared Thursday via X, former Goldman Sachs CEO Lloyd Blankfein acknowledged a potential competitive dynamic between Bitcoin and the US dollar in the context of global reserve currencies. Blankfein, who previously held skeptical views on digital assets, acknowledged that Bitcoin’s growth could put it in direct competition…
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Vladimir Putin Pushes Bitcoin As A Viable Alternative To Dollar Reserves
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Russian President Vladimir Putin has made headlines with his recent comments about the use of Bitcoin and the need for his country to reconsider its reliance on foreign currency reserves. The Russian President emphasizes the role of Bitcoin Speaking at an investment conference in Moscow, Putin said the current geopolitical…
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Vladimir Putin Pushes Bitcoin As A Viable Alternative To Dollar Reserves
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Russian President Vladimir Putin has made headlines with his recent comments about the use of Bitcoin and the need for his country to reconsider its reliance on foreign currency reserves. The Russian President emphasizes the role of Bitcoin Speaking at an investment conference in Moscow, Putin said the current geopolitical…
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Fed Chair Jerome Powell Is Correct: Bitcoin Is In Competition With Gold, Not The Dollar
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Follow Nicholas on ? here for daily posts Today, Federal Reserve Chairman Jerome Powell, in an exclusive interview with CNBC, said that Bitcoin is competing with gold, not the US dollar. BREAKING: ?? Fed Chairman Jerome Powell says #Bitcoin A competitor to gold, not the US dollar. pic.twitter.com/YQHFiThTBo — Bitcoin…
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Fed Chair Jerome Powell Is Correct: Bitcoin Is In Competition With Gold, Not The Dollar
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Follow Nicholas on ? here for daily posts Today, Federal Reserve Chairman Jerome Powell, in an exclusive interview with CNBC, said that Bitcoin is competing with gold, not the US dollar. BREAKING: ?? Fed Chairman Jerome Powell says #Bitcoin A competitor to gold, not the US dollar. pic.twitter.com/YQHFiThTBo — Bitcoin…
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Trump changes tune on strong dollar
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(Reuters) – A look at the day ahead in European and global markets from Wayne Cole The dollar takes off early on Monday, recovering some of last week’s losses, supported in part by rare words of support from US President-elect Donald Trump. While 100% tariffs seem somewhat unlikely, the latest…
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Trump changes tune on strong dollar
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(Reuters) – A look at the day ahead in European and global markets from Wayne Cole The dollar takes off early on Monday, recovering some of last week’s losses, supported in part by rare words of support from US President-elect Donald Trump. While 100% tariffs seem somewhat unlikely, the latest…