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...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....
...Tell us what you think by writing, in confidence, to money@ft.com....
...The currency weakened to as low as ¥154.42 per dollar on Monday afternoon in New York, as traders scaled back bets on rapid interest rate cuts from the US Federal Reserve following strong retails sales data...
...a strong dollar and expectations of a delay in US rate cuts....
...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....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Traders are now betting the first rate reduction could come as soon as March after a sharp decline in government and corporate borrowing costs as US bond markets enjoyed their biggest monthly rally in nearly...
...TCS’s annual currency-adjusted revenue growth declined to 3.4 per cent in its last financial year, down from 13.7 per cent the previous year....
...The rally has brought its gains to 42 per cent in the first two months of this year....
...If you can’t trust them, you can’t trust anyone in the US financial system,” he added....
...Policymakers in Japan, China and South Korea have all talked up the stability of their currencies in recent days as they weaken under the intense pressure of the gap between the US’s high rates and the low...
...The controls, which fix the peso’s value — about 830 pesos to the US dollar — cause huge distortions in Argentina’s economy and are a barrier to investment....
...for miners for verifying a block halve to 3.125 bitcoins....
...The Japanese currency weakened 0.3 per cent to ¥155.32, continuing a slide against the dollar as the US economy proves robust despite heightened borrowing costs....
...It began the year valued at about $42,200, still far off its previous all-time high of $69,000....
...This week’s increase in US consumer price inflation — which hit a higher than expected 3.5 per cent for March — has prompted traders to increase bets that the Fed might deliver as few as one rate cut this...
...In Kenya, which recently averted a looming currency crisis, the central bank’s reserves have recovered to more than $7bn, or 3.7 months of import cover....
...The US is taking a closer look at exactly how much energy bitcoin mining in local areas in the US suck up, and trying to assess how it stacks up against directing to other uses, such as keeping people’s...
...The data comes in the wake of higher than expected consumer price inflation numbers for February, which showed that headline inflation increased to 3.2 per cent last month, up from 3.1 per cent in January...
...But could a company trading at a revenue multiple of 1,400 suddenly trade at a multiple of, say, 3,000? Sure! Why not?...
...France’s Cac 40 was the outlier, rising 0.3 per cent, helped by strong gains for index heavyweights in the luxury sector, including Hermès. Eurozone bond yields rose, reflecting falling prices....
...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....
...A 42 per cent rate will remain in place for those earning between £43,633 and £75,000 — and the £43,633 threshold will be frozen....
...half, to 3.125 bitcoin....
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