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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....
...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....
...Research by the economists Olivier Jeanne and Jeongwon Son notes that in 2018-19 the US imposed new tariffs of 15 per cent on average on its imports from China, but the renminbi depreciated by 7 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....
...Wage growth for job changers accelerated from 7.6 per cent in February to 10 per cent in March, which could cause trouble for policymakers trying to tame inflation....
...The index still sits about 7 per cent below the record high it struck in September 2022....
...Sales of new-single family homes in the US have stalled since the start of this year, as mortgage rates creep up from the multi-month lows they hit in late 2023....
...Last year Marathon earned 7.7 per cent of its full-year net income from transaction fees, up from 1.3 per cent in 2022. It’s almost inevitable that ratio will rise substantially in the coming years....
...The price continued to be depressed as the global trading day progressed and bitcoin was down 7.2 per cent at the point US markets opened....
...A perceived policy of currency depreciation would doubtless incur hostile reactions from the US — particularly under another Donald Trump administration — and the EU....
...The US currency strengthened by 1.7 per cent against a basket of six currencies since Monday, its best weekly performance since September 2022, as traders reversed bets on early interest rate cuts by the...
...The price has surged since US regulators in January approved spot bitcoin exchange traded funds issued by Wall Street stalwarts including Fidelity and BlackRock, the world’s largest asset manager....
...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....
...South Korea’s currency declined 0.8 per cent to trade at Won1,330.50 per dollar, the yen slid 0.3 per cent to ¥146.15, while the Australian dollar fell 0.7 per cent to US$0.66....
...The core inflation equivalent rates were 2.9 per cent in Sweden and 2.7 per cent in the Eurozone....
...Inflation in the UK will hit 2.7 per cent, the highest in the group, the OECD says....
...It suffered the biggest drop among major currencies in the world this month, falling nearly 4 per cent. The currency has lost 8.7 per cent of its value this year....
...The chief purpose of the intervention, said currency analysts, was not just to push the yen higher, but to encourage investors to ditch bearish bets that had been placed against the Japanese currency in...
...The dollar has climbed 4.7 per cent against a basket of six peer currencies this year, while in the same period Wall Street’s benchmark S&P 500 has added 7 per cent....
...Sweden’s currency is the third-worst performer in the G10 group of most traded currencies this year, down 7.5 per cent against the dollar and 5 per cent against the euro....
...Increasingly the US asset manager he heads is the star around which the digital assets solar system orbits....
...Wall Street’s S&P 500 ticked up 1 per cent shortly after the opening bell in New York. The tech-dominated Nasdaq Composite edged up 1.7 per cent....
...Second and third on the list are Venezuela (0.8 per cent of GDP) and Moldova (0.7 per cent). Tax haven use is common in both crypto and tradfi, of course....
...0.8 per cent this year, up from a previous forecast of 0.7 per cent in November....
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