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...Bitcoin trading has leapt this year following the US launch of ETFs tracking the cryptocurrency....
...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...
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...US-based Cleanspark held more than 5,000 bitcoins at the end of March, up 2,400 per cent on the same month a year ago....
...The shift in sentiment helped push the spread — or gap — between benchmark 10-year US and German government borrowing costs to 2.17 percentage points, its highest level since 2019....
...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....
...Roger W Kirby Millbrook, NY, US...
...Escalating tensions in the Middle East following Iran’s attacks on Israel and growing expectations that the Federal Reserve will delay rate cuts have boosted the US currency....
...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....
...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...
...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....
...Read our full range of US High School economics picks here....
...As the shifting interest rate expectations hit currency markets, the Indonesian rupiah slipped 2 per cent to Rp16,176 against the dollar, its lowest point in four years....
...A measure of the dollar’s strength against a basket of six other currencies rose 0.1 per cent. Prices for Brent crude, the international oil benchmark, slipped 0.2 per cent to $89.95 a barrel....
...The US Federal Reserve’s preferred measure of inflation is expected to show no progress was made in reducing price growth in February, underscoring how much work the central bank still has to reach its 2...
...The mess surrounding Kate Middleton’s apparent disappearance from the public eye tells us absolutely nothing about bitcoin....
...BlackRock shares were down 2 per cent in afternoon trading on Friday....
...“When you think about places like Nigeria, when you think about places like Argentina, it’s very difficult for us as a US dollar-denominated company to create value”, Andre Schulten, P&G’s chief financial...
...As a recent report by Currency Research Associates noted, “China buying gold and selling Treasuries mirrors how Europe’s central banks began to redeem dollars for gold in the late 1960s as the Bretton Woods...
...Emerging market currencies fell against the dollar on Tuesday following the strong US data and have struggled to find firm footing since....
...Its neighbours on Mahé island include KuCoin, whose founders are under investigation by US authorities over alleged anti-money-laundering failings....
...Coombs added that the “easing of US monetary policy will further boost hard currency bonds” and noted that a “weaker dollar” would underpin returns from local currency debt and equities....
...However, Mark Coombs, chief executive, said the “easing of US monetary policy will further boost hard currency bonds” and noted that a “weaker dollar” would underpin returns from local currency debt and...
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