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...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....
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...Major Asian currencies weakened against the dollar on Monday, with the South Korean won leading losses, down 0.27 per cent against the dollar to Won1,354.60, its weakest level since October....
...“Our payables denominated in foreign currencies have increased significantly in recent years, primarily as a result of our inability to source foreign currency to repay our suppliers and other providers...
...Russia’s Central Bank now reports that it has no viable alternative but to use the renminbi as its reserve currency....
Lack of clarity in the industry is causing confusion among entrepreneurs
...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...
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Plus, SEC puts Uniswap on notice of a possible lawsuit
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...The renminbi has weakened in recent days in line with other Asian currencies....
...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
...Asian currencies strengthened against the dollar in early trading on Monday while equities were mixed....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...All major Asian currencies registered losses against the dollar as currency traders take into account fewer expected Federal Reserve interest rate cuts this year....
Plus, updates on Ripple and the UK’s crypto ambitions
...“Zimbabwe has less than a month of reserves, not enough to defend the structured currency,” said economist Tinashe Murapata. “A new currency every five years now seems the norm.”...
...a possible official currency intervention....
One tiny, lightly regulated African nation plays an oversized role in global token trade
...The dollar strengthened against all major Asian currencies, with the Korean won weakening as much as 0.5 per cent to Won1,329.52....
...Crypto conglomerate Digital Currency Group and its chief executive have filed to dismiss a lawsuit brought against it by the New York attorney-general, saying the claims are “a thin web of innuendo, mischaracterisations...
...It suffered the biggest drop among major currencies in the world this month, falling nearly 4 per cent. The currency has lost 8.7 per cent of its value this year....
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