Category: Dollar
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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…
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Shekel gains continue, bucking global trend against dollar
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The shekel rises today against the US dollar and the euro. In the afternoon of interbank trading, the shekel fell 0.21% against the dollar to 3.731 shekels/dollar, and was down 0.49% against the euro at 3.926 shekels/euro. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate 0.107% lower than…
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Shekel gains continue, bucking global trend against dollar
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The shekel rises today against the US dollar and the euro. In the afternoon of interbank trading, the shekel fell 0.21% against the dollar to 3.731 shekels/dollar, and was down 0.49% against the euro at 3.926 shekels/euro. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate 0.107% lower than…
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Shekel opens week with strong gains against dollar
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The shekel is rising sharply against the US dollar today. In the afternoon, the shekel rate against the dollar fell by 1.46% against the dollar, reaching 3.674 shekels/dollar, and decreased by 0.16% against the euro, reaching 3.849 shekels/euro. Since the beginning of November, the Israeli currency has been enjoying one…
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Shekel gains to strongest for 4-months against dollar
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Supported by expectations of a ceasefire on the northern border, the Israeli currency also reached its strongest levels in 20 months against the euro. The shekel is rising sharply today against the US dollar and against the euro. In the afternoon, the shekel rate against the dollar fell by 0.76%…
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Solstice Announces Flow-Through Share and Hard Dollar Share Financing
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Nov 13, 2024 • 7 minute…
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Solstice Announces Flow-Through Share and Hard Dollar Share Financing
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Nov 13, 2024 • 7 minute…
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Shekel gains against dollar, bucking global trend
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As soon as it became clear yesterday that Donald Trump had won the US presidential election, the US dollar began to rise in the foreign exchange market, which is always the quickest of financial markets to respond. The DXY index, which measures the strength of the US dollar, rose 1.5%…