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...Japanese stocks were the only Asian equities to advance on Friday morning, as a higher than expected US inflation reading strengthened the dollar against Asian currencies....
...All major Asian currencies registered losses against the dollar as currency traders take into account fewer expected Federal Reserve interest rate cuts this year....
...Asian currencies strengthened against the dollar in early trading on Monday while equities were mixed....
...China’s currency weakened 0.6 per cent against the dollar to Rmb7.26, its lowest level since November, after a central bank official said there was room for more monetary easing....
...The US Dollar Index climbed 0.5 per cent to reach 102.9, its highest level in a month, as risk appetite damped following cautious remarks from ECB officials on rate cuts in 2024....
...Japanese equities led losses in Asia on Monday as the region’s currencies strengthened against the dollar....
...The peso last year strengthened to its highest level in five years against the dollar and has continued to climb this year, reaching 16.51 pesos per dollar on Wednesday....
...years of the currency falling against the dollar....
...However, the majority of FTX claims have been made in dollars....
...The WeWork rival will this year switch to reporting its financial results in US dollars, and expects to take a decision by June about whether to change to the American GAAP accounting standard, the company...
...dollars in customer funds to make risky bets....
...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....
...Hong Kong’s stock market led gains in Asia on Tuesday afternoon, with a state-owned mainland bank notching the largest gains....
...of fluctuations in US rate expectations”....
...Currencies on both sides of the Atlantic were struggling for direction following the release of inflation data in Germany and the US on Thursday....
...Meanwhile, the US Securities and Exchange Commission has just won ground in a suit against Coinbase....
...The two companies have reached multimillion- dollar settlements with the agency....
...“This isn’t some revolutionary idea; all of us have financial privacy when we pay for a meal in cash or drop a few dollars in a donation jar,” said Rainey Reitman, civil liberties advocate who sits on the...
...“I do not expect to see the US dollar lose its status as the world’s reserve currency anytime soon, nor even a significant decline in its primacy in trade and finance.”...
...They secured US approval to launch exchange traded funds based on the basic bitcoin price, luring in billions of investor dollars at a record clip....
...The dollar strengthened against Asian currencies on Monday, driven by expectations for US inflation data this week and figures over the weekend showing worsening deflation in China....
...The rest of the G10 group of heavily traded currencies are down against the dollar, with the euro losing 0.9 per cent, the Canadian dollar down 1.7 per cent and the Japanese yen sliding 4.1 per cent....
...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...
...But the latest moves were driven by rising strength in the dollar after data on Tuesday showed that US inflation in January was higher than forecast, leading traders to trim their bets on interest rate cuts...
...Closer to home, currencies matter too. A 10 per cent slide in the trade-weighted dollar (known as the DXY index) adds roughly 3 per cent to US corporate earnings, note Bank of America strategists....
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