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...a strong dollar and expectations of a delay in US rate cuts....
...Instead, both businesses reported 10 per cent increases in revenues compared with a year earlier, benefiting from trading in mortgages, currencies and credit in the quarter....
...Japan’s currency has suffered most from the rise in US rate expectations, which has pushed the yen to its weakest level since 1990, putting the finance ministry on red alert for a possible intervention....
...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 sentencing hearing is set for March 28....
...“Putting $50bn to $70bn or greater at risk, on a daily basis, in the world’s major currencies should be a significant concern,” warned Efama in a paper published on Thursday....
...The currency weakened 0.7 per cent to trade at ¥154.28 as traders scaled back their bets on rapid interest rate cuts from the US Federal Reserve, strengthening the greenback....
...Egypt secured a deal to more than double its IMF bailout to $8bn after the country allowed its currency to drop to a record low against the US dollar, unlocking support to avert its worst economic crisis...
...Nigeria blocked access to several of the world’s largest cryptocurrency trading platforms, to try to halt the slide in its currency, the naira....
...But the currency decline has been mainly driven by the gap in interest rates between Japan and the US, and analysts said Ueda was more willing to co-ordinate closely with the government to address the issue...
...From an exhibit attached to an S-1 it filed last year: PishPosh Baby LLC (“Borrowed’) promises to pay Moishe Hartstein (“Noteholder”) in lawful money of the United States of America, the amount of $1,000,000.00...
...She has created a series of functional homeware including patterned plates (from £45) and serving dishes (£55), as well as “Chubby” mugs and jugs in simple stoneware clay (from £28)....
...Currency trading in London — the jewel in the City’s crown — is also likely to suffer. Sticking with the pain of speeding up settlement is worth it....
...BlackRock’s bitcoin ETF reached $10bn faster than any ETF in US history....
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...“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...
...In St Petersburg as a university student, I always paid 28 kopecks for a coffee and 22 for a biscuit....
...This has increased to 28 per cent of total cross-border lending in October 2023 from 17 per cent at the end of 2021....
...what’s going on in global currency markets and kind of acknowledging the disquiet in those economies about how quickly their currencies have depreciated against the US dollar....
...The Securities and Exchange Commission is reducing the settlement time for US equities and corporate bonds from two days, referred to in the industry as T+2, to one day, or T+1, on May 28....
...The group, which represents the €28.5tn European investment industry, has asked major central banks, which jointly own the CLS currency settlement service, to implement urgent measures to address the risks...
...The destabilisation of the US-based global financial system will have adverse impacts for the wellbeing of people living in the west. It is not rational to aim for Pyrrhic victories....
...Alan Beattie thinks the dollar would survive if Trump is re-elected and turns into an exchange rate and currency warrior. US Republicans aren’t good at nationalism, says Janan Ganesh....
...Although this trust still trades at a discount to NAV, this discount has narrowed to a 28-month low of 8.7 per cent — from a nadir of almost 50 per cent in December 2022 — in anticipation of the likelihood...
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