The U.S. dollar declined in Asian trade on Monday. Investors were waiting for economic data from around the world along with U.S. corporate earnings. They wanted to gauge whether the markets’ guarded optimism on the economic outlook is justified. On Friday, the greenback had ended its third week of losses as traders bought into risk-sensitive …
U.S. dollar declined while the European currencies gained Read More »
Tether is a well-known cryptocurrency, with a market cap of $10 billion. The history of this cryptocurrency dates back to 2014. Interestingly, the person who created this cryptocurrency made an important announcement recently. According to this announcement, Brock Pierce is running for President of the United States. Interestingly, Pierce created the tether currency as a …
Risk-sensitive currencies tumbled down after rallying in recent weeks. The Australian dollar declined by 0.3% to $0.6942, off Thursday’s one-month high of $0.7001. On the other hand, the Chinese yuan, which often aligns with risk-sensitive currency groups, soared on Thursday. The yuan touched a near-four-month high of 6.9808, but in the end, it traded at …
U.S. dollar, Japanese Yen and Swiss franc soared on Friday Read More »
The U.S. dollar and other safe-havens surged forward against their riskier currencies on Friday. A rise in new COVID-19 infections in the United States further undermined the hopes for a quick recovery in the economy. According to reports, there were more than 60,000 new coronavirus cases across the United States in the latest count. That’s …
Safe-haven currencies soared as Covid-19 cases rose in U.S. Read More »
On Thursday, the presumptive Democratic nominee presented his moderate economic plan. Joe Biden, former vice president of the U.S., wants to become the president of the country. Importantly, the country is struggling to cope with economic, health, and racial crises at the same time. Biden presented his economic plan in Dunmore, Pennsylvania. Interestingly, Biden sought …
Joe Biden Unveiled his Economic Plan in Pennsylvania Read More »
World gold production will continue growing in the coming years. It’s due to the increase in the price of gold and the incorporation of operations between large mining companies. Russia will be the country that takes advantage of its resources the best. In fact, some expect it to replace China as the world’s largest producer …
Russia as the world’s largest producer of gold by 2029. Read More »
China’s National Bureau of Statistics released information about inflation data for June. According to this information, the producer price index dropped 3% year-on-year. However, that result is lower than expected. Analysts had expected the produced price index to fall by 3.2%. In the meantime, the consumer price index grew by 2.5% compared to the same …
National Bureau of Statistics and Stocks in Asia Read More »
The Euro climbed up by 0.2% at $1.1355 on Thursday despite German export data failing to meet analysts’ expectations. The currency skyrocketed to a one-month high of $1.1371 during the previous sessions. The British pound also surged forward by 0.3% to $1.2647, reaching a three-week high. Meanwhile, the Swedish and the Norwegian crowns rallied …
Euro and Sterling hit high on Thursday. What about yuan? Read More »
Latin America is home to more than 640 million people. Interestingly, cryptocurrencies are popular in Latin America. The rapid growth of smartphone ownership makes cryptocurrencies easy to use on a regular basis in the area. In Latin America, about 50% or 60% of the population have bank accounts, while almost 80% have smartphones. Let’s have …
The U.S. dollar tumbled down against most currencies on Thursday while riskier assets such as global equities and commodities rallied. Safe-haven demand for the U.S. currency lessened significantly. The Chinese yuan hit a four-month high against the greenback, strengthening recent gains. Investors increased positions in Chinese stocks due to growing signs of an economic recovery …
The U.S. dollar declined while riskier currencies rallied Read More »
There is one cryptocurrency exchange from Latin America should be proud of its achievements. This exchange is Bitso. Its number of users reached 1 million recently. Interestingly, this cryptocurrency exchange from Mexico has hit this number prior to its upcoming launch in Brazil. This is significant because Brazil is the largest country in both South …
Cryptocurrency Exchange from Mexico Topped 1 Million Users Read More »
United Airlines Inc. is one of the largest carriers when it comes to fleet size and number of routes. Interestingly, United Airlines is the founding member of the Star Alliance, which is the world’s largest airline alliance. Currently, there are 26 full members. It is worth mentioning that the O’Hare International Airport in Chicago is …
United Airlines, U.S. Government, and Plans for the Future Read More »
The Chinese yuan was stable at 7.0176 in onshore trading on Wednesday, stopping a two-day rally. Meanwhile, the Australian dollar traded flat at $0.6944. After Australia’s second-biggest city, Melbourne, reimposed pandemic lockdown measures on Tuesday, sentiment for the Aussie stayed weak. The euro increased by 0.12% to $1.2870. A recent drop in selling positions against the …
Chinese Yuan traded steady while the Aussie was flat Read More »
There are numerous factors that have the potential to affect stocks. The coronavirus pandemic is one of them. However, sometimes even one article is enough to boost stocks. For example, on Monday, the Shanghai Composite soared nearly 6% thanks to an article published in the state-owned China Securities Journal. Let’s have a look at this …
Ocean Protocol made an important announcement. Ocean Protocol is a decentralized data exchange protocol focused on data collection, sharing, and monetization. It unveiled a pilot project created in cooperation with the Mercedes-Benz manufacturer Daimler AG. It is worth mentioning that Daimler AG’s South East subsidiary will use blockchain-based solutions. As a result, the South East …
Famous Carmaker Will Use Blockchain-Based Solutions Read More »
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