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...The price has surged since US regulators in January approved spot bitcoin exchange traded funds issued by Wall Street stalwarts including Fidelity and BlackRock, the world’s largest asset manager....
...In reality, a resumption of the currency wars of the 2000s and 2010s is unlikely to do much to reduce the US deficit nor undermine the dollar’s global role in bank funding, payment systems and reserves....
...Major Asian currencies weakened against the dollar on Monday, with the South Korean won leading losses, down 0.27 per cent against the dollar to Won1,354.60, its weakest level since October....
...The South Korean won and Australian dollar weakened against the US dollar, while the yen is trading at ¥155.60 a dollar, its weakest level in decades....
...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
...The dollar rallied and government bonds sold off after US labour costs climbed more than expected in the first quarter of 2024, raising concerns that sticky wage inflation could delay the Federal Reserve...
...The dollar has climbed 4.7 per cent against a basket of six peer currencies this year, while in the same period Wall Street’s benchmark S&P 500 has added 7 per cent....
...Japan’s yen crossed ¥155 per dollar for the first time since 1990 on Wednesday as US stocks edged slightly higher in a choppy trading session....
...We saw that clearly earlier in April as an elevated US dollar, driven to a six-month high against a basket of other currencies by a repricing of US interest rates, exposed pockets of currency stress in Asia...
...“Rising tensions between Iran and Israel can spill into even higher oil prices, all to the benefit of the dollar in the near term,” said Francesco Pesole, a currency analyst at ING....
...Japanese stocks were the only Asian equities to advance on Friday morning, as a higher than expected US inflation reading strengthened the dollar against Asian currencies....
...The Australian dollar dropped 0.6 per cent against the US dollar to A$0.65, and yields on the country’s two-year Treasury bill rose 0.16 per cent to 4.075 per cent. Yields move inversely to prices....
...a strong dollar and expectations of a delay in US rate cuts....
...Earlier in the day, the yen had fallen past ¥160 against the dollar, as the gulf between Japanese and US interest rates continued to pressure the currency....
...Bitcoin prices are at fresh record highs in many currencies. In dollars the cryptocurrency is up more than 40 per cent over the past month. The $69,000 intra day high set in 2021 is within reach....
...Total trading turnover across the six ETFs — including trading in US dollars, Hong Kong dollars and renminbi — came in at about HK$99.5mn (US$12.7mn)....
...The comments were an indication of their concern at the scale of the dollar’s gains against Asian currencies after US inflation data led markets to scale back expectations of Federal Reserve rate cuts this...
...The dollar weakened and US Treasuries rallied as traders nudged forward their bets on interest rate cuts after survey data showed business activity had cooled unexpectedly in April....
...Terraform Labs collapsed in May 2022 after its flagship crypto token TerraUSD — which was designed to track the price of the dollar — lost its peg, triggering a crisis in the wider digital assets market...
...The American economy is strong — and the dollar is extremely expensive....
...dollar....
...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...
...Escalating tensions in the Middle East following Iran’s attacks on Israel and growing expectations that the Federal Reserve will delay rate cuts have boosted the US currency....
...The ZiG, which stands for Zimbabwe Gold, will have an initial value of 13.56 to the US dollar, Mushayavanhu said, after the former currency lost over three-quarters of its value this year alone to trade...
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