Sun, December 04, 2022

USD trading

dollar

The Dollar Falls, What Does This Mean for the Rates?

As additional Federal Reserve officials signaled a slowing in interest rate increases on Tuesday, the U.S. dollar declined in early European trade as investors speculated that the rate peak might be approaching. The Dollar Index measures the dollar’s value against six other currencies. It fell by 0.4% to 106.067 at 03:10 E.T. (08:10 GMT), setting …

The Dollar Falls, What Does This Mean for the Rates? Read More »

Crypto

Instability Across Major Stablecoin

Major stablecoins were volatile due to market volatility and increased redemptions. Almost all major stablecoins lost value against the US dollar during the FTX scandal but mostly recovered as the market stabilized. This week’s drop in cryptocurrency prices is just a symptom of the infection from FTX. The stablecoins have been exposed to significant market …

Instability Across Major Stablecoin Read More »

BTC

Fundings’ Rates at 6 Months High, Here Is Why?

Before the CPI, funding rates reached a 6-month high. There are warning signs that market exuberance is out of control before the U.S. elections and important economic data. How will BTC price respond as Bitcoin battles some well-known FUD in the second week of November? On November 6, the largest cryptocurrency managed a weekly close …

Fundings’ Rates at 6 Months High, Here Is Why? Read More »

crypto

Crypto Investors May Have to Flee the U.S. Soon

The idea behind decentralized autonomous organizations (DAOs) was to make them immune to regulation. Federal authorities are now focusing not just on a DAO but also on its investors. In the Web3 community, there is a great deal of concern about regulation and the legitimacy of cryptocurrency initiatives. The Commodity Futures Trading Commission (CFTC), which …

Crypto Investors May Have to Flee the U.S. Soon Read More »

US dollar banknotes

Treasury Yields Dropping and Are Taking the Dollar Along

The U.S. dollar fell in early European trade on Tuesday as risk sentiment rose, but sterling clung to recent gains after the U.K. government’s policy reversal. At 03:05 E.T. (07:05 GMT), the Dollar Index, which compares the dollar value to a basket of six other currencies, fell 0.5% to 111.145, setting a two-week low. Hence, …

Treasury Yields Dropping and Are Taking the Dollar Along Read More »

Chinese Yuan fell on Tuesday. What about Aussie and Kiwi?

How Is PBOC Warning Shaping the Chinese Currency Market?

After the central bank warned against speculative trading and large one-way bets on the currency, the Chinese yuan rebounded Thursday from a 14-year low versus the dollar reached in the previous session, ending eight days of losses. The People’s Bank of China (PBOC) maintained that the yuan has a strong foundation to be stable on …

How Is PBOC Warning Shaping the Chinese Currency Market? Read More »

Dollar

Sterling Sinks Further Down While the Dollar Surges Higher

Early on Thursday in European trade, the U.S. dollar continued its upward trend as sterling fell as the relief rally triggered by the Bank of England’s intervention in the bond market fizzled out. The Dollar Index, which measures the value of the U.S. dollar against a basket of six other currencies, increased 0.8% to 113.438 …

Sterling Sinks Further Down While the Dollar Surges Higher Read More »