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...In November the company paid $4.3bn in penalties to US authorities after pleading guilty to criminal charges related to money laundering and violating international sanctions rules....
...Asian currencies dropped against the dollar on Tuesday following stronger than forecast retail sales data in the US, which further reduced the likelihood of imminent interest rate cuts by the Federal Reserve...
...French retail sales increased 0.4 per cent in March, while in Germany they were up 1.8 per cent, rebounding from a 1.9 per cent decline in February to achieve the strongest monthly growth for almost a year...
...Join me and my colleagues at the FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...Cumulative average daily returns while Wall Street is closed come to 26.4 per cent, against 9.9 per cent during US trading hours, CCData said....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Sales of new-single family homes in the US have stalled since the start of this year, as mortgage rates creep up from the multi-month lows they hit in late 2023....
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...Regional currencies continued to weaken against the US dollar, with the won, yen and Australian dollar leading losses....
...The US Dollar Index climbed 0.5 per cent to reach 102.9, its highest level in a month, as risk appetite damped following cautious remarks from ECB officials on rate cuts in 2024....
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...Join me and fellow colleagues at the FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...Email me at philip.stafford@ft.com Join me and fellow colleagues at FT’s flagship Crypto and Digital Asset Summit on May 8-9 in London....
...In 2016 the Financial Times had revealed details of the $9.5bn fund’s operations but was assured by the group that it maintained “a rigorous policy to avoid conflicts of interest”....
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...Join me and fellow colleagues at FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...Stock markets in Asia fell on Wednesday as traders priced in the possibility that the US Federal Reserve would be slower to cut rates than previously expected....
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...Japanese officials have warned on multiple occasions in recent weeks that they are ready to step in to prevent excess moves in the country’s currency, which has weakened more than 9 per cent since the start...
...“The BoI did a pretty good job defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said...
...Expectations of fewer US rate cuts have also sparked a slump in emerging market currencies against the dollar, prompting interventions by Asian central banks, including Indonesia and South Korea....
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