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...The firm, which trades tens of thousands of products, including currencies, exchange traded funds and options, reported profits of $5.9bn in 2023 and $6.7bn in 2022....
...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....
...Indonesia’s central bank unexpectedly raised its benchmark interest rate by 0.25 percentage points to 6.25 per cent on Wednesday, in a bid to support the sliding rupiah currency....
...a strong dollar and expectations of a delay in US rate cuts....
...Japan’s benchmark Topix climbed 0.6 per cent in early trading, while Hong Kong’s Hang Seng index shed 1.6 per cent....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Jupiter sold the cryptocurrency ETP holding for $2,570,670, at a loss of $834, according to a financial statement. The firm has made up the difference, according to a spokesperson....
...There are about 6,300 tokens issued weekly by bitcoin but the ETFs have bought around 50,000 coins in that period. QED....
...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 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...
...Sales increased to an annualised rate of 693,000 from a downwardly revised figure of 637,000 in February, according to the US Census Bureau....
...Two devaluations in eight months and a long-running liquidity crunch pushed down the currency by more than 70 per cent to new lows, leading authorities and analysts to wonder if the currency would breach...
...The franc was the strongest-performing major currency of 2023 and has hit Switzerland’s exporters such as Roche, which makes most of its sales in the US....
...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
...The steep decline in Japan’s currency has sustained the rise in the imported prices of food and energy, complicating the BoJ’s plans for a gradual path towards policy normalisation....
...The US economy grew much less than expected in the first quarter of 2024, at an annualised rate of 1.6 per cent....
...Roger W Kirby Millbrook, NY, US...
...“It now seems like markets have thrown in the towel on substantial rate cuts in the US, whereas traders are pretty certain the ECB will start easing in June,” said Francesco Pesole, a currency strategist...
...In the next 24 hours or so, those rewards fall from 6.25 bitcoins to 3.125 bitcoins, or from $408,000 to about $204,000 by current prices....
...Australian inflation cooled in the first quarter but was slightly higher than expected, prompting a sell off in the country’s bond and currency markets on Wednesday....
...Currency markets continued to price in the prospect of US interest rates remaining elevated for longer than previously expected....
...Stronger than expected US employment data released on Friday has reduced the likelihood of imminent rate cuts from the Federal Reserve, strengthening the dollar....
...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....
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