EUR/USD Pair Loses Momentum as Stronger Dollar and Economic Data Weigh In
The US Census Bureau reported that Durable Goods Orders in August improved by 0.2% month-on-month (m/m) following a 5.6% decline in the previous reading.
US Dollar Remains Steady as China Surprises by Keeping 5-Year Interest Rates Unchanged
China keeping the fiver-year loan rates unchanged has put breaks on the five weeks rally in the US Dollar. Investors now wait for the Federal Reserve’s Jackson Hole symposium for any further guidance.
Bitcoin Preferred to Dollar and Yen as Safe-Haven Option amid Higher US Debt-Limit Default Risks
By Tolu Ajiboye
Amid mounting debt-limit default risks, US investors have turned to Bitcoin as ‘digital gold’ to better hedge their savings.
Euro Bullish Sentiments Abound as Region Appears Set to Hold Off Recession
By Tolu Ajiboye
More observers are growing bullish on the euro this year despite its relative slump against the US dollar in 2022.
Japanese Yen Falls to 150 against Dollar for First Time in 32 Years
The government said it will also be buying securities with a much shorter tenor as its measures are pegged at stability in both the long and short term.
British Pound Slumps to Lowest Level against Dollar as New Tax Cut Policy Is Unveiled
The British Pound is not alone in its slump against the United States Dollar as other currencies including the Euro are also recording a similar faith.
British Pound Is at Its Lowest Level against US Dollar since 1985
By Kofi Ansah
The escalating inflation, currently at the highest level among all G-7 nations, the impending recession, and concerns about tax cuts has been the driving factors pushing the Sterling down the slope.
US Dollar Nearly Equals Euro for First Time in 20 Years
By John K. Kumi
The US dollar is globally recognized as a safe haven, and so the recent market condition has increased demand for the currency.
Massive Decline Now in Sight for British Pound amid Economic Turmoil
While inflation worries remain persistent in the UK, recent data on business activity turned out to be better than preliminary estimates.
Euro Underperforming against Dollar as Recession Fears Loom
The Eurozone’s inflation data came in at 8.6% in June, a figure that has prompted the European Central Bank (ECB) to give advance notice to market stakeholders of its intentions to hike interest rates.
Falling US Dollar Value Bullish for Bitcoin, BTC Price Heading $50K
On October 1, the flagship crypto-asset staged another significant move to reclaim the $45k level.
Crypto Analyst Michaël van de Poppe Says Bitcoin May Receive Fresh Boost
By Darya Rudz
According to Van de Poppe, the two gaps for BTC are at $9,700 and $10,600, and the further events will depend on which one will be reached first.
Ethereum Is Under Threat as Dollar Corrects Higher
The increase of Ethereum has been driven by the decline in the US dollar which has dropped significantly lately. However, if positive economic data in the U.S. persist, the upward moving in the ETH/USD might come to an end.
Ripple CEO Thinks Governments Are Taking Cryptocurrency Seriously
According to Garlinghouse, it’s a matter of time before the cryptocurrency phenomenon becomes globally accepted because many people have lost confidence in fiat already.
Goldman Sachs Says U.S. Dollar Could Lose Its Status of World’s Reserve Currency, Bullish on Gold
Goldman strategists said that the fragile economic condition, with interest rate at an all-time low, and the uncertain political scenario, have added to the instability of the USD showing signs of real concerns for it to continue as the world’s reserve currency.