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...Bank of America’s analysts this week pointed to the need for US companies to consider their currency exposure, too, in case the dollar gained further — which would weaken their earnings once overseas income...
...Asian currencies slid against the US dollar on Wednesday following hawkish remarks from a Federal Reserve official on Tuesday....
...Some 58 per cent of global reserves are held in the US currency. The economics of this lopsided situation are ambiguous....
...It may in effect outlaw all buying and selling of the digital commodity within the US except in very special circumstances....
...Last June, when the US Securities and Exchange Commission unveiled lawsuits against crypto exchanges Binance and Coinbase, the market reaction was swift and brutal....
...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....
...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...
...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....
...Lubin, who co-founded the Ethereum blockchain, said the US government liked to assert its authority around the world using banks as its intermediaries....
...According to a letter in January by the head of the US Energy Information Administration, roughly one in every 45 units of electricity consumed in the US is gobbled up by cryptocurrency mining....
...plan of reorganisation had landed the support of all FTX’s major creditor constituencies and included a $200mn cash settlement of a $24bn claim made against the group by the Internal Revenue Service, the US...
...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
...Roger W Kirby Millbrook, NY, US...
...Also in late April, Indonesia’s central bank surprised market participants by raising interest rates in an effort to prop up the rupiah. Currency weakness outside the US is not straightforwardly bad....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Stronger than expected US employment data released on Friday has reduced the likelihood of imminent rate cuts from the Federal Reserve, strengthening the dollar....
...The US influence is most felt in the weight of trading it brings....
...Bankman-Fried chose to contest allegations against him, with a hearing in New York, home of the US media. Zhao quietly gave himself up in Seattle, far from the madding crowd....
...Kwon is in the middle of an extradition battle between the US and South Korea. Last year US prosecutors filed eight criminal counts against him including securities, commodities and wire fraud....
...In April 2021, US sanctions body Ofac put 16 groups and 16 individuals on its list, accusing them of meddling in the 2020 US presidential election....
...US spot bitcoin ETFs have hoovered up more than 500,000 bitcoin since their long-awaited launch in January, which means the issue of “dust” has been growing....
...The mess surrounding Kate Middleton’s apparent disappearance from the public eye tells us absolutely nothing about bitcoin....
...Susianto’s comments come as Asian economies brace for more currency volatility following the US Federal Reserve’s signal this month that it will hold interest rates higher for longer....
...While also brokering equities and options, it offers commission-free trading of 15 cryptocurrencies in most US states, according to its most recent annual report....
...Japan’s currency rose 1.7 per cent against the dollar to trade at ¥144.86. Yields on 10-year Japanese government bonds rose 0.1 percentage points to 0.75 per cent. Yields move inversely to prices....
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