[ad_1] With the rumor that regulators will soon be accepting a Bitcoin-backed exchange-traded fund (BTC), it’s important to understand the journey of some of the early crypto-based ETFs that were recently approved by government agencies. The United States Securities and Exchange Commission has approved an ETF adjacent to Bitcoin, offering …
Read More »Focus on RBA: AUD / USD holds 0.7500
[ad_1] USD / DXY eases, euro rebounds, Asian / EMFX close is mixed Summary: The Australian dollar held above the 0.7500 (0.7517) mark ahead of the RBA’s monetary policy meeting and rate announcement today (Sydney, 2:30 p.m.). Australia’s central bank is the first of two other major central banks (Federal …
Read More »The upward pressure on prices will continue in all sectors; Know why
Inflation is becoming one of the hottest topics in the country, with CPI growth figures hitting their highest level in eight years in April. Now, rising retail inflation has also started to be reflected in product MRP across all segments. FMCG products, such as soap, shampoo and cookies, manufactured items …
Read More »What is a BAT or Basic Action Token?
BAT is a token that can be used to make an action more efficient. BAT is a small reward that you can use to increase the efficiency of your action in the game. BAT are most commonly earned by playing cards, but some cards will allow you to earn them …
Read More »Stock futures drop as bond yields hit three-month high
[ad_1] Yields on US government bonds hit their highest level in three months, and stock futures sagged as investors shied away from interest-sensitive tech stocks. S&P 500-linked futures fell 0.8%, a day after weakness in tech stocks pushed the broad index down and ended a three-day winning streak. Tech-rich Nasdaq-100 …
Read More »Speculators net long bets on falling USD – CFTC, Reuters
NEW YORK, Feb 18 (Reuters) – Speculators’ net long bets on the U.S. dollar fell last week, according to Reuters calculations and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $6.76 billion for the week ended Feb. 15, the lowest …
Read More »How are biotech ETFs reacting to Q2 earnings releases? – August 18, 2022
The biotechnology sector has been in an ideal position for some time now. Biotech stocks have been huge beneficiaries of the pandemic as many of these companies were developing new vaccines and treatments for Covid-19, leading to increased IPOs and venture capital investments. But then stocks took a massive dive …
Read More »Economic instability set to prevail despite central bank roadmap
[ad_1] The rapid growth of the money supply propelled by substantial bank loans to the government since last year has been a major cause of economic stability. The Central Bank has no room for maneuver to mop up this excess liquidity, in the absence of fiscal discipline. The Roadmap did …
Read More »If Raptors’ Scottie Barnes and Magic’s Jalen Suggs are rivals, someone forgot to tell them
[ad_1] A day before facing hated rival Jalen Suggs for the first time as a professional, Toronto Raptors forward Scottie Barnes had harsh words for Orlando Magic goaltender. “As a basketball player he’s really talented,†Barnes said Thursday. “He can shoot the ball, drive. He gets to the basket, is …
Read More »Bitcoin surges towards $ 49,000 amid fears that inflation of 5% and above is here to stay
[ad_1] Bitcoin (BTC) edged up on September 18 as attention shifted to the Federal Open Market Committee (FOMC) policy meeting following the decline in inflation figures last Tuesday. The BTC / USD exchange rate approached $ 49,000 on the Coinbase exchange, reaching $ 48,825 before declining due to sentiment of …
Read More »Oil Prices Impact USDINR Movement: Myth or Reality?
[ad_1] The USDINR remained volatile throughout the week as it continued to track the US dollar index under low risk market conditions. After opening at 73.68, the pair traded between 73.61 and 74.36 before ending the week at 74.12. The dollar index has moved closer to a one-year high amid …
Read More »Stocks fall as inflation worries dampen earnings
U.S. stocks fell on Wednesday as investors weighed mixed corporate earnings and signs of lingering inflationary pressures. The benchmark S&P 500 gauge closed down 0.7%, reversing price after two days of strong gains. The tech-heavy Nasdaq Composite fell 0.9%. In Europe, the regional Stoxx 600 closed down 0.5%. Consumer goods …
Read More »Dollar moves away from one month high; Traders Digest Fed Statement
[ad_1] By Peter Nurse Investing.com – The dollar eased at the start of European trading on Thursday, retreating from a one-month high as traders digest the previous session’s Federal Reserve meeting and what it means for future policy monetary. At 02:55 ET (0755 GMT), the Dollar Index, which tracks the …
Read More »The dollar takes a breather and hits 16-month highs
[ad_1] The US dollar took a break after a rally and hovered below a 16-month high in early Asian trading on Thursday. The US currency lost ground against the pound and yen overnight even as traders wondered if its recent surge began to falter. The British pound was at $ …
Read More »META 1 – Inaugurating the digital economy
The tides of change are upon the global financial system. People all over the world have been made aware of the benefits and effectiveness of cryptocurrencies. Since Bitcoin entered the market 13 years ago, there has been a steady expansion of decentralization across the world. Today, the digital economy is …
Read More »Is Bitcoin the Only Cryptocurrency You Need?
[ad_1] The cryptocurrency world is now inundated with new altcoins, with Shiba inu (CRYPTO: SHIB) being the latest to receive huge appeal among retail traders. However, this craze could run out of steam. As new coins come out, the huge moves of shiny new altcoins can be tantalizing. But unless …
Read More »Dollar mixed in lackluster trade, Aussie decline extends
[ad_1] Summary: The Dollar Index (USD / DXY) a popular gauge of the greenback value against one basket of 6 major currencies moved slightly lower, at 93.45 (93.53 Friday). Against the Antipode, Asian and Emerging market currencies however, the Dollar remained up for auction. The Australian dollar underperformed compared to …
Read More »USD / CAD Daily Forecasts – The Canadian Dollar Is Under Pressure As The Week Begins
[ad_1] The US dollar gains ground against the Canadian dollar USD / CAD attempted to move above resistance at 1.2900 but lost momentum and moved lower towards 1.2830 as US dollar lost momentum against a large basket of currencies . The US dollar index faced strong resistance at 93.40 and …
Read More »Canadian dollar nears multi-week low ahead of Bank of Canada rate decision | The mighty 790 KFGO
TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Wednesday as the greenback rallied broadly and data showed a narrowing of Canada’s trade surplus, but the currency’s decline has capped ahead of a Bank of Canada interest rate decision. The loonie fell 0.3% to 1.3191 per greenback, …
Read More »Get Foreign exchange Forecasts For Main Pairs For The Week Of March 29, 2021
[ad_1] Success in Foreign currency trading relies upon closely on which forex pairs you select to commerce every week and through which course, not to mention the precise buying and selling strategies you employ to find out buying and selling entries and exits. Success in Foreign currency trading relies upon …
Read More »Europe roundup: Euro up ahead of US inflation data, European stocks slide, gold stabilizes near 9-month low, oil edged higher after dropping below $100 – July 13, 2022
Market overview • UK Industrial Production (monthly) in May 0.9%, forecast 0.2%, previous -0.6% •UK trade balance in May -21.45 billion, forecast -21.20 billion, previous -20.89 billion • UK trade balance in May excluding EU -10.37 billion, previous -10.99 billion • UK GDP (QT) 0.4%, 0.0% forecast, 0.8% previous • …
Read More »Nepal’s external debt down due to falling dollar
Nepal’s external debt stock decreased slightly in the second quarter of the current FY 2021-22 in local currency from the first quarter despite an increase in the flow of foreign loans in the quarter. This is due to foreign exchange gains made by the national currency due to the depreciation …
Read More »Shilling hits nine-month low with high import bill
[ad_1] Currencies Shilling hits nine-month low with high import bill Tuesday, September 21, 2021 A trader counting money. PHOTO FILE | NMG By OTIATO GUGUYUMore from this author Summary The falling shilling is likely to lead to imported inflation where commodity prices may rise as traders need more local currency …
Read More »Health workers helped by crypto collaboration beaten by Venezuelan regime
[ad_1] As Venezuelans struggled to survive the pandemic under dictatorship, crypto firm Circle collaborated last year with countries’ opposition to financial aid for healthcare workers who have been left behind in a system. broken down with almost no proper medical equipment and a disheartening price of $ 15 a month’s …
Read More »Make tax breaks the basics of the currency stabilization budget
Controlling prices to protect the poor The CPD suggests to the government, also to widen the safety net FE REPORT | Published: April 13, 2022 8:53:25 a.m. | Update: April 13, 2022 8:59:45 a.m. Cooling soaring prices should be a priority in next budget given eroding purchasing power of low-income …
Read More »Risk, rally in emerging currencies, rise in bond yields
[ad_1] Stable stocks, mixed data ahead of crucial US jobs report Summary: The Dollar index (USD / DXY), popular gauge of US currency value against one basket of 6 major currencies dived to 92.65 (92.70). End of month adjustments, mixed economic data before Friday crucial U.S. Payroll Report seen more …
Read More »Wonderland (TIME) up 59% in 24 hours: here are the best places to buy it
[ad_1] Wonderland (TIME), a new cryptocurrency is making headlines with its relentless uptrend that saw its price surpass $ 2,000 in just a few months. The coin has caught the eye of most crypto investors who are now scrambling to add the coin to their crypto portfolios. Following the increase …
Read More »Ringgit Extends Gains Against US Dollar on Better Economic Outlook
[ad_1] KUALA LUMPUR: The ringgit extended its gains against the US dollar versus last week to open more firmly today, supported by a more favorable economic outlook for the last quarter of the year. At 9am, the local rating improved to 4.1730 / 1755 against the greenback since last Friday’s …
Read More »US bond yields stable, dollar retains gains on strong services PMI
[ad_1] Summary: Exchange rate volatility picked up in North American trade after Fed Vice President Richard Clarida suggested that the we central bank could reduce support for the purchase of bonds. Earlier in the session, a US private employment report (ADP) weaker than expected drive it Dollar inferior. US ADP …
Read More »The Power of Forgiveness | Business Seeker
[ad_1] Can you recommend another lawyer? asks Don (not her real name), the manager of a food retail business started by his father. “Lawyer P told us that it was a difficult case and that it would cost us dearly. We want someone with more confidence. “Lawyer P is knowledgeable …
Read More »CBDC launches unlikely to condemn dollar dominance
[ad_1] Mid-August marked the 50th anniversary of the ‘Weekend that Changed the World’ when US President Richard Nixon suspended dollar-to-gold convertibility at a fixed price and rang the curtain on the Bretton International Monetary System. Woods. The next half century brought many In a monetary perspective, one of the most …
Read More »The US dollar and Russian ruble are trading at all-time highs as currency markets remain unaffected by inflation concerns
As broader financial markets worry about inflation and possible further tightening, the U.S. dollar hit its highest level since November 2002. Specifically, the trade-weighted U.S. dollar index hit a 20-year high, an index that measures the performance of the dollar against a basket of other currencies, including the euro, yen …
Read More »The Sixers never show up in a brutal loss to the Hawks: what I’ve seen
[ad_1] Sixers-Falcons 2 The Sixers (16-15) played host to the Atlanta Hawks (14-16) on Thursday. Philly intended to expand their means of winning to two games. Atlanta was hoping to break a losing two-game skid. Bogdan Bogdanovic scored 10 points in the fourth quarter to send the Sixers to another …
Read More »GBP / EUR collapses amid UK fuel crisis
[ad_1] GBP / EUR exchange rate plunges as UK fuel shortages continue The euro pound exchange rate collapsed today, abandoning gains generated yesterday by the Bank of England (BoE) and the German elections. GBP / EUR fell more than 1% to € 1.1588 amid UK economic concerns. Gasoline shortages across …
Read More »Interest rate, oil price and dollar
SINGAPORE — Asia-Pacific markets looked poised for a lower start on Wednesday after an overnight selloff on Wall Street. Nikkei futures indicated opening declines for the Japanese benchmark at the top of the hour. In Australia, the ASX 200 fell 0.67% in early trading, with most sectors trading lower. The …
Read More »The dollar hits its highest level in over a year, but retreats
[ad_1] The US dollar surged to its highest level in more than a year on Friday, after data showed better-than-expected job growth in the US last month, but fell slightly late in the day then that risk appetite improved and stocks rose. Non-farm payrolls increased by 531,000 jobs last month, …
Read More »What’s at stake for India as Russia invades Ukraine?
As aerial sirens followed one another in almost every major city in Ukraine, including its capital, their echo was heard around the world. In addition to the humanitarian consequences of war, the world will also have to bear its economic costs. Around 4,000 miles away in India, benchmark stock indices …
Read More »US CPI puts a rocket under the dollar
youp until this afternoon’s US CPI figure, everything was going so well, with European markets initially picking up where they left off yesterday, trading at two-week highs, despite another sharp deterioration in the latest survey of German and European ZEW expectations for September, with both indicators falling further below their …
Read More »NZD/USD struggles near 0.6500 and back towards 0.6460, despite risky mood
NZD/USD is back to weekly highs at 0.6518, although the RBNZ raised rates on Wednesday. The Fed minutes confirmed that all participants were in agreement on increases of 50 basis points for the June and July meetings. NZD/USD Price Prediction: A “bearish harami” in the daily chart is looming, once …
Read More »Olympus DAO pursues new ATH after new bond offerings and new partnerships
[ad_1] The rapidly evolving world of blockchain technology offers a wide range of tokenomic approaches and models aimed at solving the blockchain trilemma of creating a decentralized, stable and secure network. One tokenomic model that has seen several variations over the past year is the ‘rebase’ model, which is designed …
Read More »Devina Mehra | World premiere | Market Outlook: 2022 should be a decent year; Trendline doesn’t indicate a big correction: Devina Mehra
[ad_1] “You have to look at the export or import substitution sectors, in particular in accordance with the PLI regime. There will be pockets in chemicals, automotive and automotive components. We don’t like two-wheelers, for example, but the automotive sector and we have to be choosy now â€, says Devina …
Read More »Social Security probably won’t be enough for your retirement – here’s how to prepare
JThere is no doubt that Social Security plays a key role in the retirement plans of millions of Americans. But the problem is that the federal program was not designed to fully fund retirement. In fact, the original intention was that it would only cover about 40% of retiree expenses. …
Read More »Australian stocks rebound on bargain hunting
The Australian stock market ended its session higher on Wednesday, February 23, 2022, as investors searched for bargains following Western nations’ sanctions on Moscow, with mining and healthcare stocks being notable gainers. At the close, the benchmark S&P/ASX200 index rose 44.41 points, or 0.62%, to 7,205.69. The broader …
Read More »Footprints without footprints | THIS DAY LIVE
VIEW OF THE GALLERY BY MAHMUD JEGA All the men and women who paid tens or hundreds of millions of naira for expressions of interest and nomination forms in various political parties to run for president, did they stop for a minute and think about what they are negotiating for? …
Read More »The ins and outs of modern payment processing
[ad_1] Opinions expressed by Contractor the contributors are theirs. You are reading Entrepreneur United States, an international Entrepreneur Media franchise. According to the World Economic Forum, we are living the beginning of a monetary revolution. The convergence of technological innovations in the telecommunications, banking and retail industries has led us …
Read More »The rupee up 5 ps at 77.52 against the dollar amid a firm trend in domestic equities
The rupee appreciated 5 paise to 77.52 against the US dollar in Wednesday’s opening session as the firm trend in domestic equities boosted investor confidence. However, soaring global crude prices and relentless foreign capital outflows have limited the local unit’s appreciation bias, traders said. On the interbank exchange, the …
Read More »How Inflation Erodes The Value Of Your Money – Forbes Advisor UK
The inflation rate has made headline news in the last few months, reaching its highest level – 9% – in 40 years. Rising food and energy prices have contributed to the current squeeze on the cost of living, together with the Bank of England increasing interest rates to try to …
Read More »How to understand the environmental impact of blockchains
Generally, people know that blockchains consume huge amounts of energy, but why and how to reduce it will be key in discussions about blockchain and Web3-based applications in times of climate crisis. why is it important It is no longer controversial to say that economies, businesses and technology must try …
Read More »Managing Obligations and Financial Goals amid Rising Inflation and Interest Rates – TechEconomy.ng
The environment in which South Africans must manage their finances continues to become more complicated, with interest rates and the general cost of living rising sharply. There are several well-disaggregated reasons for this. In addition to the cyclical nature of the markets, various exogenous shocks, triggered by the war in …
Read More »The US CPI hits its highest level in 31 years; bond yields, DXY soars, GBP sinks
[ad_1] Risk aversion constructs; Evergrande fears resurfacing, AUD tumbles Summary: A peak in the October U.S. Consumer Price Index of 6.2% year-on-year pushed the yield on key 10-year U.S. bonds up 12 basis points to 1.56% (1.44% ). Most economists were forecasting an increase of 5.8%. Headline inflation hit its …
Read More »Dow records fifth straight week of losses as Biden says allies are trying to avert World War III
US stocks closed lower on Friday, with all three major benchmarks posting another week of losses, after President Joe Biden called for a suspension of normal trade relations with Russia amid sanctions aimed at economically isolating Moscow for his unprovoked attack in Ukraine. Tentative optimism about the war, linked to …
Read More »America’s Roundup: Dollar Gains As Soaring Energy Prices Raise Inflation Concerns, Wall Street Rises, Gold Companies, Oil Pulls Back From Multi-Year Highs After U.S. Stocks Build Up on 7 October 2021
[ad_1] Market overview • Non-farm employment change in US in September ADP 568K, forecast 428K, previous 374K • 2:30 pm US gasoline inventories 3.256M, -0.279M forecast, previous 0.193M • 2:30 PM US crude oil stocks 2.346M, forecast -0.418M, previous 4.578M Future Outlook Economic Data (GMT) • 23:50 Japan Seven Foreign …
Read More »#BTColumn – Rethinking Tourism – Barbados Today
Disclaimer: The views and opinions expressed by the author(s) do not represent the official position of Barbados TODAY. By Ralph Jemmott For this year’s Tourism Week, the hospitality industry has chosen “Rethinking Tourism” as its theme. I joked about what I called the number of “Re” words that have come …
Read More »It is illegal to withdraw naira to buy dollars — Emefiele
By Aduragbemi Omiyale The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Elefiele, has warned bank customers, especially politicians and high profile personalities, to refrain from withdrawing naira for the purpose of converting them into dollars just for good. He called the action illegal, which he said was …
Read More »Zimbabwe: controlling inflation is a tough task
[ad_1] Zimbabwe’s National Statistics Agency (Zimstat) pointed out that the (annual) year-over-year inflation rate increased slightly to 51.55% in September 2021 from 50.24% in August 2021 after 8 consecutive months of decline from 363% recorded in January 2021. The increase comes as a result of a widening of the spread …
Read More »Sell GBP/JPY, Target 158.00 Say MUFG
A pick-up in risk appetite has helped support the pound, particularly against the dollar, but MUFG expects weak UK fundamentals to put the UK currency on hold and lead to medium-term weakness. He adds; “We continue to believe the GBP remains vulnerable to further weakness due to the weakening outlook …
Read More »Payrolls remain strong, US CPI this week
MARKETS US stocks were weaker on Friday, with S&P down 2.8% as strong US payrolls keep pressure on the Fed. US 10-year yields closed 6 bps at 3.88%, up about the same amount over the week. Oil moved closer to $100/bbl, up another 4.3% to $98.45. In the wake of …
Read More »Dollar Peak Imminent For Traders Looking At Fed Hike History
(Bloomberg) – The dollar has outperformed all major currencies over the past nine months on the prospect of interest rate hikes from the Federal Reserve, but the end of its rally could be in sight, if history is a guide. Bloomberg’s Most Read The U.S. currency has weakened an average …
Read More »Peso will come under renewed pressure as another Fed hike looms
FX RATES The local currency has lost 10.4% of its value against the greenback since the start of 2022. —FILE PHOTO INQUIRER The Philippine peso may come under pressure to depreciate soon as the US Federal Reserve is expected to aggressively raise interest rates again this week, after trading relatively …
Read More »The rupee gains 1 paisa to close at 77.49 against the US dollar
On a weekly basis, the rupee depreciated by 57 paise due to a stronger dollar index, risk aversion sentiment and outflows of foreign funds. On a weekly basis, the rupee depreciated by 57 paise due to a stronger dollar index, risk aversion sentiment and outflows of foreign funds. The Rupee …
Read More »Will Nvidia have to protect the RTX 40-series GPUs from the cryptomining craze?
The past few weeks have provided a well-deserved respite for PC gamers and computer builders after two pretty horrific years since the launch of the Nvidia Ampere and AMD RDNA2 graphics architecture. Where we once faced global shortages and skyrocketing prices thanks to a dastardly mix of different issues, it’s …
Read More »Dollar drops as traders wait for US jobs data
[ad_1] An employee counts US dollar banknotes at a currency exchange office in central Cairo, Egypt, March 20, 2019. REUTERS / Mohamed Abd El Ghany./File Photo Dollar index down 0.2% British pound extends rebound from 9-month low NEW YORK, Oct.4 (Reuters) – The dollar slipped against a basket of currencies …
Read More »ED turns to Polad for cost-effective solutions
President Emmerson Mnangagwa BY MASAU PROBLEMEMBATTLED President Emmerson Mnangagwa has turned to members of the Policy Stakeholders Dialogue (Polad) to help him stop the economic turmoil characterized by soaring prices of goods and services. Speaking after meeting Polad directors at State House on Thursday, Mnangagwa acknowledged the country was in …
Read More »Reaching a billion faces with vernacular content and micro-influencers
Brands that embrace localized content not only attract a wider audience through better recognition, but also build trust and an emotional connection, leading to increased conversion rates. By Ankit Agarwal When Lufthansa launched the “More Indian than you think” campaign in 2014, no one expected its success. The airline created …
Read More »Developers halt new condos after currency crash, costs skyrocket – The Island
Lady Ridgeway Children’s Hospital Orthopedics is in urgent need of essential surgical supplies. These are essential to make it less painful for children recovering from broken bones or after surgeries to correct deformities. Anyone who’s been unlucky enough to have a limb in a plaster of paris will know what …
Read More »2 stocks to buy now if you’re worried about inflation
[ad_1] Image source: Getty Images Inflation exceeds the Bank of Canada’s 2% target rate. Economists have different views on whether the peak is transient and for how long inflation will stay at high levels. Some experts say the price hike will not go away, even after the bottlenecks in the …
Read More »Economic effect of the real effective exchange rate
JASIM UDDIN HAROON | Published: October 16, 2022 08:22:23 | Updated: October 16, 2022 08:30:44 Bangladesh is reaping some gains from a recent decline in the country’s real effective exchange rate (REER) due to record inflation in its major trading partners which is also eroding the value of their currencies. …
Read More »Stocks tumble after retail giants sound stagflation alarm
Bond markets rallied on the dive for safety and on bets that interest rate hikes could be recalibrated, but it was gloom that hit stocks after Wednesday wiped out $25 billion from the shares of US retail giant Target which topped the stock. [.N] Wall Street, which haemorrhaged $1.5 trillion …
Read More »The rupee jumped 23 paise to 75.93 against the US dollar in early trading
Mumbai: The rupee appreciated 23 paise to 75.93 against the US dollar in Tuesday’s opening session, following a positive trend in domestic equities amid a slowdown in global crude oil prices. A weak U.S. currency in the overseas market also helped national unity, traders said. In the interbank foreign exchange …
Read More »India’s foreign exchange reserves fall to $601 billion after two consecutive weekly increases
Data provided by RBI showed that India’s total foreign exchange reserves stood at $601.057 billion in the week ending June 3, 2022, down $306 million from $601.363 billion. dollars the previous week. Meanwhile, foreign currency holdings decreased by $208 million in the week under review to $536.779 billion from $536.988 …
Read More »Instructive IMF growth forecasts | The Sunday Mail
The Sunday Mail Victoria Ruzvidzo Last week’s revision of global growth forecasts by the International Monetary Fund (IMF) to a possible 3.6% from 4.4% is instructive. While the Brenton Woods institution is generally considered conservative, the scenario playing out on the world stage points to moderate economic growth this year. …
Read More »Million bolivars become one as Venezuela recalibrates shabby currency
[ad_1] Caracas (AFP) For the third time in 13 years, Venezuela will reduce its inflation-affected currency, the bolivar, to zero on Friday. This time, he will lose six zeros, for a total of 14 since 2008. With that, a million bolivars will become one overnight – still the equivalent of …
Read More »Dollar Traps US Businesses in $4 Trillion Stress Test
US one dollar banknotes are seen in front of the stock market graph displayed in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register NEW YORK, July 29 (Reuters Breakingviews) – The strength of the dollar is becoming a test of nerves …
Read More »La Jornada – Markets fear rising US inflation
[ad_1] Financial markets ended a week of strong moves, sparked by economic and political events, including bets on U.S. Federal Reserve (Fed) monetary policy tightening, a rebound in inflation and strong debate in the US Congress, while lawmakers have left until the last minute to extend funding that avoids government …
Read More »The impact of the digital asset trading market on the Nigerian economy
[ad_1] What are digital assets? Digital assets are simply items whose content is stored in electronic format. With this definition, you would probably think of pictures, music, movies, documents, etc. The truth is, these are indeed digital assets. Thanks to technology, these assets have developed far beyond that and are …
Read More »The Chinese CNY is far from internationalizing
The recent depreciation of the Chinese yuan (Renminbi, CNY) has raised concerns. It was stable before the summer, but suddenly depreciated by a few thousand points against the American dollar (US$). Over the past five months, it has fallen from an exchange rate of 6.37 to 7.00, a depreciation of …
Read More »Why cash is still king for me
I recently embarked on a simple mission: crack the £10 note in my purse to get a five to put in the church collection plate on Sunday. My first attempt failed. The cafe, where my order was delivered with a roll of metropolitan disdain, no longer accepted cash. I sat …
Read More »Dollar plunges as U.S. inflation data spur crowded trade exodus
NEW YORK, Nov 10 (Reuters) – Investors are moving away from the dollar as weaker-than-expected U.S. consumer prices raise hopes the Federal Reserve may need to tighten monetary policy less than expected in its fight against inflation and reinforce the case of risky assets. Expectations of rising US interest rates, …
Read More »Japanese Yen May Rise as Leveraged Loan Market Risks Rise
JAPANESE YEN, LEVERAGE LOANS, FEDERAL RATE HIKES – TALKING POINTS Japanese yen outlook bullish on ‘high’ risks in $3 trillion leveraged loan market The low interest rate regime has prompted companies to issue and buy high yield debt securities Fed rate hikes on the horizon could undermine credit-dependent lending stability …
Read More »Dow loses control of 35,000, hits two-week low as stock market comes under pressure on Wednesday
[ad_1] U.S. stock indices traded lower on Wednesday morning, and Dow industrials hit their two-week low as the broader market was weighed down by sales in the information technology sector. Investors also digested comments from Federal Reserve Chairman James Bullard, who said the Fed should ease monetary programs as the …
Read More »India stands up and fights back, but is Uncle Sam taking notice?
Indian media are upset by Jaishankar’s heavy-handed responses to US pressure to toe his line on Ukraine. But the American media did not mention it: which means that official America simply did not hear the reply of the Indian MEA. On the face of it, External Affairs Minister S Jaishankar’s …
Read More »Chinese yuan hits six-month high against dollar
[ad_1] SHANGHAI, Dec. 1 (Reuters) – The Chinese yuan hit its six-month high against the dollar on Wednesday, helped by strong business demand as the dollar lost some of its strength overnight against the dollar. other major currencies. The dollar had surged after U.S. Federal Reserve Chairman Jerome Powell unexpectedly …
Read More »T-shirts set the stage to diversify RMG’s export basket
The start of exporting T-shirts from Bangladesh has been considered a milestone in the history of garment manufacturing as it helped the country expand the product base. In particular, a group of hosiery manufacturers based in Narayanganj, which produced men’s vests for domestic markets, ventured to explore overseas markets in …
Read More »Sensex Sheds 155 Pts; Nifty slips under 14,850; Rupee slips for the fifth consecutive session
[ad_1] The benchmark Sensex inventory index fell 155 factors on Friday, following losses by index heavyweights ICICI Financial institution, Reliance Industries and HDFC Financial institution amid largely unfavorable indicators from international markets. The 30-stock BSE index completed 154.89 factors or 0.31 % decrease at 49,591.32. Likewise, the broader NSE Nifty …
Read More »As CME Volume Grows, Original Bitcoin ETF Structure May Explain Part Of It
[ad_1] The launch last week of the Bitcoin ProShares Strategy ETF (BITO) was a resounding success in all respects. Still, it may be that at least part of its success is in part the result of the way the instrument is structured rather than pure demand from buyers hoping for …
Read More »Von der Leyen presents his vision for a stronger Europe
Twenty years ago, on 1 January 2002, twelve EU countries exchanged their national currency banknotes and coins for the euro in the biggest currency changeover in history. During these two decades, the euro has contributed to the stability, competitiveness and prosperity of European economies. More importantly, it has improved people’s …
Read More »Borscht inflation shows price shocks in Russia are hard to escape
Even Russian-grown staples are soaring, providing a glimpse of the difficulties ahead for consumers after waves of sanctions following the invasion of Ukraine triggered supply shocks and a sharp devaluation of the currency. Most of the hearty ingredients needed to make borscht, considered a comfort food in Russia and much …
Read More »Dollar climbs as Evergrande uncertainty creeps in
[ad_1] NEW YORK, Sept. 24 (Reuters) – The dollar appreciated on Friday and set to post its third straight week of gains against a basket of major currencies, as uncertainty surrounding embattled Chinese real estate developer Evergrande helped the greenback to rebound after a sharp drop from the previous session. …
Read More »South African rand strengthens in early trade as dollar retreats
The South African rand strengthened in early trading on Tuesday as the dollar fell in global markets and risk appetite was boosted by policy measures in China. As of 07:40 GMT, the rand was trading at 17.1900 against the dollar, around 0.7% higher than its closing level on Monday. With …
Read More »Loyalty Ventures Inc. Provides – GuruFocus.com
DALLAS, June 08, 2022 (GLOBE NEWSWIRE) — Loyalty Ventures Inc. (LYLT), a leading provider of data-driven consumer loyalty technology solutions, today provided an update on its program developments AIR MILES Reward (“AIR MILES MILES”). The company disclosed that its segment of the AIR MILES Reward Program and AIR MILES sponsor …
Read More »