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...Responding to a Financial Times query about the talks, DraftKings said that the company was “focused on the massive US opportunity in front of us”....
...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....
...Its revenues reached £1.7bn last year, up from £1.2bn in 2022. In contrast to some rivals, the US is not a key market for 888....
...Japanese officials are under pressure to boost the currency to help with the cost of living in Japan. Authorities in Tokyo last intervened to support the yen in 2022....
...The dollar jumped to a new 34-year high against the yen in early Thursday trading in Tokyo, briefly pushing the Japanese currency through what was considered a key line of support and reviving market speculation...
...He added that he “[continued] to see material upside from the successful execution of the William Hill integration”. 888 bought William Hill’s non-US business from Caesars Entertainment in a £1.95bn deal...
...The yen continued its slump against the dollar, pushing the currency towards its lowest level in 34 years and significantly raising the risk of market intervention by Japanese authorities....
...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 dollar jumped to a new 34-year high against the yen on Wednesday evening in New York, briefly pushing the Japanese currency through what was considered a key line of support and reviving market speculation...
...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....
...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....
...Investors’ flight to higher-yielding US assets has sent the yen to a 34-year low past ¥154 to the dollar and has also tested Beijing’s stable currency policy as the renminbi’s value to the dollar fell below...
...followed strong earnings results from the chipmaker Nvidia in the US overnight....
...The currency touched ¥151.94 to the US dollar earlier in the day, its weakest level since 1990, raising the risk of market intervention from Japanese authorities....
...This led us to a rather strange juxtaposition this month, when in just one week, three notable things happened....
...Events: The High Court in London is due to rule whether WikiLeaks founder Julian Assange can launch a final appeal to challenge extradition to the US on espionage charges....
...earnings results from US chipmaker Nvidia overnight....
...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....
...Unlike the US, Britain — a self-proclaimed “hub for digital assets” — doesn’t let its citizens buy spot bitcoin ETFs, even if exchange traded notes for professional investors are on the way....
...That optimism has been fuelled by bitcoin’s 121 per cent rise in the past six months as US regulators approved stock market funds that invest directly in bitcoin....
...The renminbi has weakened in recent days in line with other Asian currencies....
...Roger W Kirby Millbrook, NY, US...
...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
...One way to see this is that other currencies have weakened against the dollar in a similar way as the yen. The US dollar index is up 3 per cent this year....
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