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....
...Roger W Kirby Millbrook, NY, US...
...The dollar’s latest move against the yen followed stronger-than-expected data for US inflation in March, which pushed out market expectations for the timing of US interest rate cuts and sent bond yields...
...Egypt secured a deal to more than double its IMF bailout to $8bn after the country allowed its currency to drop to a record low against the US dollar, unlocking support to avert its worst economic crisis...
...Read our full range of US High School economics picks here....
...The pound climbed 0.6 per cent to a seven-month high of $1.2893 against the US currency on Friday, before paring gains to end the week at $1.2857....
...The European Fund and Asset Management Association said that around 40 per cent of daily foreign exchange deals would be shut out of the main platform for reconciling currency trades when the US moves from...
...Chandan said tariffs would be likely to hurt the economic growth of US trading partners, weakening their currencies against the greenback....
...“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....
...Stocks also rallied, with the S&P 500 ending the day up 0.6 per cent at 4,594.63, its highest close since March 2022....
...The comments from Michael Hsu, acting director of the Office of the Comptroller of the Currency, are the latest shot across the bow to banks, which have complained for months about regulators’ plans for...
...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...
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...The digital currency is up 63 per cent this year, compared to the S&P 500’s 12 per cent gain. Shares in Coinbase have done even better, advancing more than 90 per cent....
...The department also imposed sanctions on Buy Cash, a Gaza-based virtual currency exchange, as well as its operator....
...Gold prices and the US dollar rose on Monday morning as traders flocked to safer assets following Hamas’s attack on Israel....
...The calls put the US banking giants at the forefront of a growing group of lenders forecasting that the common currency’s steady decline since the summer has further to run....
...On Wall Street, the blue-chip S&P 500 closed flat having given up gains of more than 1 per cent early in the session following inflation data. The tech-heavy Nasdaq Composite added 0.1 per cent....
...Trading was limited on Monday owing to a market holiday in the US. “We don’t see a reason why you would be long Israel’s currency or bonds,” said Hense. “There is high geopolitical risk.”...
...[MUSIC PLAYING] A weaker US dollar has got currency watchers flummoxed. And Europe’s heatwave is nearing record highs. But first, Russia is seizing assets from western companies....
Currency watchers are worried about a weaker US dollar
...The currency trader’s profile grew when he took control of Tottenham, buying shares from British businessman Lord Alan Sugar....
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