Sat, April 20, 2024

Amanda Hansen

Amanda Hansen is our senior reporter writing on Economy News. Ms. Hansen is a Georgetown graduate specializing in economic and political sciences. Her Ph.D. concentrates on the market impact on the global economy.

Major currencies on Tuesday

U.S. dollar soared Wednesday as Trump postponed new stimulus

The U.S. dollar gained against most currencies on Wednesday after U.S. President Donald Trump postponed talks on economic stimulus with Democrat lawmakers. Investors’ demand for safe-haven assets grew after Trump commented on Twitter about the stimulus.   FX market had a few turbulent sessions since President tested positive on Covid-19. After Trump returned to the …

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United states unemployment benefits

Unemployment Benefits, Donald Trump, and Negotiations

Governments and lawmakers are ready to do whatever it takes to boost the local economies. However, there are certain challenges as well. For example, in the case of the U.S. Democrats and Republicans still seem unable to reach an agreement regarding the enhanced unemployment benefits. Interestingly, the $600 weekly subsidy expired more than two months …

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Dollar and risk factors

U.S. dollar fell on Tuesday. What about risk-on currencies?

The dollar weakened against riskier currencies on Tuesday due to the hopes that U.S. lawmakers will agree on new stimulus. Furthermore, U.S. President Donald Trump left the hospital and returned to the White House after getting treatment for COVID-19. That also boosted positive sentiment.   Masafumi Yamamoto, the chief currency strategist at Mizuho Securities, thinks …

U.S. dollar fell on Tuesday. What about risk-on currencies? Read More »

international monetary Fund

International Monetary Fund, Governments and Coronavirus

Private as well as governmental organizations are working hard to cope with the coronavirus pandemic and its impact on the economy. According to the International Monetary Fund (IMF), governments should step up public investments to boost their economies. This makes sense as the coronavirus pandemic, created a lot of problems. It is worth noting that, …

International Monetary Fund, Governments and Coronavirus Read More »

Euro and dollar

The U.S. dollar fell on Monday. What about other currencies?

The U.S. dollar index lowered slightly on Monday while financial markets waited for news about U.S. President Donald Trump’s health, as well as developments in fiscal aid talks. Trump stated on Friday that he had tested positive for coronavirus. After that, investors moved to safe-haven assets, and sell-off began on stock markets.   However, Trump …

The U.S. dollar fell on Monday. What about other currencies? Read More »

Stocks in the Asia Pacific

U.S. Stock Futures Fell Due to Trump’s Positive Test

President Donald Trump and first lady Melania Trump tested posited on coronavirus, this news had a dramatic impact on U.S. stock futures. Importantly, Dow futures dropped on October 2. Moreover, futures tied to the Dow Jones Industrial Average lost 400 points or 1.5%. Notably, the move indicated an opening loss of about 410 points. Also, …

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cbsl, Crypto industry news, company,

KYC Identification Protocols and Crypto Exchanges

Blockchain analysis firm CipherTree released a report and this report included many interesting details. According to the report, more than half of all crypto exchanges worldwide have weak know your customer (KYC) identification protocols. It is worth noting that, exchanges in Europe and the U.S. are among the worst offenders. Interestingly, the blockchain analysis firm …

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: Stocks in Asia

How Stocks Reacted to Presidential Debate and Economic Data

On Wednesday, several factors affected stocks in the Asia Pacific, as investors reacted to the release of Chinese economic data. Moreover, the first U.S. presidential debate also dominated the headlines. It is worth mentioning that, mainland Chinese stocks were mixed on the last day of September. For example, the Shanghai Composite dropped 0.2% to about …

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The Yuan Weakening As The Dollar Rises After The Fed Minutes

Riskier currencies rallied against the U.S. dollar

The dollar tumbled down to a nine-day low on Thursday. After robust U.S. data and hopes for U.S. fiscal stimulus, investors turned to riskier currencies boosted the optimistic sentiment. The Chinese yuan rallied the most against the greenback, reaching a year-and-a-half high in the offshore market. On Wednesday, Chinese data showed its economic recovery was …

Riskier currencies rallied against the U.S. dollar Read More »

Binance and new opportunities

Cryptocurrency Debit Card Provider and a New Crypto Card

Binance is the largest cryptocurrency exchange. Interestingly, a cryptocurrency debit card provider owned by Binance is expanding its offering thanks to a new crypto Visa card. This card allows users to borrow funds using blockchain technology. Importantly, the new product is using major decentralized finance protocols to provide near -instant access to lending balances. People …

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