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...Earlier in the day, the yen had fallen past ¥160 against the dollar, as the gulf between Japanese and US interest rates continued to pressure the currency....
...against the US dollar....
...More than 160 of Zhao’s friends and family had written letters to the judge ahead of the sentencing, in an attempt to persuade him to be lenient....
...Miners are holding 46,200 coins in reserve, the highest recorded number since May 2022, when a marketwide crash forced miners to sell their holdings, The Miner Mag found....
...We saw that clearly earlier in April as an elevated US dollar, driven to a six-month high against a basket of other currencies by a repricing of US interest rates, exposed pockets of currency stress in Asia...
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...Asian countries in recent weeks have been bracing for turbulence from a stronger US dollar, with the receding prospect of US interest rate cuts this year hitting the yen, renminbi and other regional currencies...
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...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...
...The shilling’s rise to about 146 against the dollar on Thursday, from 160 a month ago, has shifted it from being one of the worst-performing African currencies this year to the strongest....
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...a strong dollar and expectations of a delay in US rate cuts....
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...The US group has drawn in $1.7bn to date....
...It became one of the best performing investments of 2023, rising around 160 per cent over the past year to nearly $44,000....
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...Read our full range of US High School economics picks here....
...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...
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...One fund managed by Zhongcai has recorded a return of more than 160 per cent in 2024, according to Wind, a Chinese financial information provider....
...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...
...“The bitcoin blockchain is not terribly congested right now,” he said shortly before US markets closed on Thursday....
...So much so that the main sovereign currency that people use to trade against crypto tokens is now the Korean won, not the US dollar....
...s=46&t=sHLp3DbiINVc5keG0SC8fQ There are other interesting details in the WSJ piece....
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