By Selena Li and Tom Westbrook SINGAPORE (Reuters) – Cryptocurrencies were jittery and groping for a floor on Wednesday, after a sharp and broad drawdown when nerves about the stability of exchange FTX turned to a rush of withdrawals and ultimately a bailout deal from bigger rival Binance. Bitcoin, the biggest cryptocurrency by market value, […]
By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Wednesday, stabilizing after overnight losses amid uncertainty from the U.S. midterm elections and ahead of key inflation data later this week. At 02:50 ET (07:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded […]
By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while the dollar fell amid hopes that the central bank will espouse a less hawkish outlook. The Japanese yen bucked the trend, rising 0.7% on expectations that the […]
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors are hesitant to bet on a sustained decline in the dollar, even after the U.S. currency suffered its sharpest pullback in about 15 months and a potentially pivotal Federal Reserve meeting looms. During the recent dip in the U.S. Dollar Index, the greenback has fallen by as […]
Turkey’s central bank delivered another surprise interest rate cut on Thursday, by 100 points to 12%, sending the lira to an all-time low, even as inflation rose above 80% and as central banks globally race in the other direction to tighten policy. Turkey’s lira touched a record 18.42 versus the dollar, surpassing the level reached during […]
The Bank of Japan intervenes to prop up the yen for the first time in 24 years. Rate hikes from the Philippines to Switzerland (and probably the U.K.) follow another 75 basis point increase from the Federal Reserve, but U.S. stocks are set to open flat after Wednesday’s wild ride. Darden Restaurants and Costco report […]
