Hints and tips:
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Bitcoin has surged to record highs this year after US regulators approved spot bitcoin ETFs in January following a decade of rejections....
...Bitcoin rose as much as 12.6 per cent to hit $63,968 on Wednesday, before falling back to about $60,000. The rally has brought its gains to 42 per cent in the first two months of this year....
...The dollar hit a one-month high as traders slashed expectations for a March interest rate cut in the US....
...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...
...The unaudited revenue for its US sports and gaming book rose in the quarter by 26 per cent to £1.13bn at constant currency, compared with this time last year....
...Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal at a rate of $1.00 per PayPal USD....
...The metal tends to gain when the dollar weakens, as the currency has been doing on expectations that the next move in US rates will be lower....
...Brent crude settled 0.3 per cent lower at $93.30 a barrel on Thursday, while the US equivalent West Texas Intermediate was flat at $89.63 a barrel, remaining near the 10-month peak they hit earlier this...
...Mexicans living in the US sent home a staggering $63.2bn in remittances last year and President Andrés Manuel López Obrador hailed the news as a triumph....
...At crypto exchange Coinbase Global, bitcoin prices and trading volumes no longer move in lockstep. The digital currency is up 63 per cent this year, compared to the S&P 500’s 12 per cent gain....
...The tax exile built his reputation as a currency speculator when he, like George Soros, bet against the pound in the build-up to Black Wednesday in 1992....
...its currency....
...the nascent and expanding digital currency industry....
...“The shift towards digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar,” said Dan Schulman, chief executive of PayPal....
...The dollar index, which measures the currency against a basket of peers, added 0.4 per cent in morning trading in Asia....
...’s biggest economy came in at 248,000 for the week ending August 5 — higher than consensus estimates of 230,000 and up from 227,00 a week earlier....
...Poland’s currency and stock market rallied strongly on Monday in anticipation of a potential Tusk comeback....
...“Dollar long positions are evaporating rapidly, with [producer price] numbers all but confirming the disinflationary narrative in the US,” said Francesco Pesole, currency analyst at ING....
...Now the IMF estimates that gross domestic product expanded by 63 per cent last year and is projected to grow a further 38 per cent in 2023....
...Brazil, which has a triple B minus credit rating from S&P, six rungs lower than Israel, issued a seven-year dollar paper this week in its first-ever foreign currency sustainable bond with a yield of 6.5...
...Shortly after it launched, the ProShares Bitcoin Strategy ETF amassed $1bn in assets at a faster pace than any previously launched ETF. However, its net asset value plunged 63.7 per cent in 2022....
...Today, developing and emerging market economies account for 63 per cent of CO₂ emissions. India’s total emissions exceed those of the EU. China’s emissions are twice those of the US....
International Edition