A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a re...
Tag: Dollar
U.K. Ditches Tax Cuts For Richest Amid Growing Backlash And Market Mayhem
Topline The U.K. government on Monday said it was dropping controversial plans to scrap the highest rate of income tax for high earners, an embarrassing u-turn for Prime Minister Liz Truss after the p...
Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar – Economics Bitcoin News
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a re...
Bitcoin Safe Haven Status Proven As Dollar Seen Crashing In 3 Months, Kiyosaki Says
Bitcoin has defied the downward trend of major currencies such as the British pound (GBP) and Chinese yuan by increasing 6.5% over the previous week and nearing the $20,000 level. Throughout the cours...
A Strong Dollar Spells Trouble for Some U.S. Companies
The dollar has soared as the Federal Reserve has raised rates. U.S. Treasury yields now provide the best return over expected inflation in more than a decade, incentivizing investors to buy dollars to...
A Rising, or ‘Strong Dollar’ Is Not What’s Holding Down Equities
If you’re a Forbes or a Forbes.com reader, odds are you’re an investor. And if you’re an investor, you’re likely familiar with the popular narrative at the moment that a rising dollar helps explain tr...
U.S Senator Opposes CBDC Introduces ‘No Digital Dollar Act’
Bitcoin News Powell indicated this week that it would be at least two years for CBDC. The Senator spoke in favor of hard currency. Many governments across the globe are turning towards CBDC, otherwise...
R. Kiyosaki warns the dollar to crash within 4 months as investors ditch fiat for Bitcoin
In the wake of the Federal Reserve raising interest rates to historical levels, the dollar has reacted positively, gaining at the expense of other global fiat currencies. Notably, the British pound is...
US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency – Regulation Bitcoin News
A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency i...
Legendary Director Walter Hill Talks Returning To Westerns With ‘Dead For A Dollar’
Walter Hill attends Los Angeles premiere of ‘Dead For A Dollar’ at Directors Guild Of America in Los … [+] Angeles, California. FilmMagic After a six-year hiatus, legendary filmmaker...
Bitcoin to surpass $12 million by 2031 fuelled by collapsing dollar, says ex-hedge fund manager
Robert Breedlove, the founder of crypto investment firm Parallax Digital has suggested that Bitcoin (BTC) stands a big chance of recording a significant spike in future mainly driven by a drop in the ...
Future rate hikes may be good for the crypto markets as major currencies are devalued against the dollar
Investor and founder Vinny Lingham wrote a series of tweets on Sept. 29 outlining a potential short-term future whereby Bitcoin will act as a store of value for those suffering a devaluation of their ...
Lightning Labs Aims to Bitcoinize the Dollar With Taro’s Alpha Release
Lightning Labs, the firm behind the Lightning Network, announced the release of the alpha release of the Taro daemon that will enable Bitcoin devs to mint, send, and receive assets on the blockchain. ...
Crypto Analyst Details Bitcoin Playbook Through October, Says US Dollar Index Is Bullish for Crypto
A widely followed crypto analyst is sharing what he expects to be Bitcoin’s (BTC) trajectory over the next month. Crypto trade Justin Bennett tells his 109,600 Twitter followers what to expect from th...
Abra CEO Predicts Crypto Rally After End of Strong Dollar, Says Digital Asset Banks To Take Over TradFi
The CEO of crypto wealth management platform Abra thinks the largest bank in the world in 20 years will be a “crypto bank.” Bill Barhydt says in a new conversation with Anthony Scaramucci at Salt New ...
Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar – Economics Bitcoin News
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authori...
Why Is the Dollar Crushing Global Currencies if Inflation Is so Bad?
Meanwhile, what’s directly hammering dollar exchange rates is a more technical second-order impact of rising prices in the U.S. As Jerome Powell and the Federal Reserve raise interest rates to fight d...
Gold bounces on US dollar reversing as Bank of England sets drastic measures
The markets seem worried about a possible crash, which is, among other things, evidenced by a reversal of the downtrend in gold prices. Namely, after the Bank of England made some drastic moves, the U...
Bitcoin Reclaims $19k As Dollar Falls, Will BTC See More Upside?
Bitcoin has displayed some strength during today’s trading session after re-visiting the bottom of an important trendline. The benchmark crypto has been trading in a tight range, between $18,600 and $...
Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’ – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and th...
British pound drops to all time lows against the dollar
On Sept. 16, 1992, the British pound dropped to its all-time low. The day has since become known as “Black Wednesday,” or the day George Soros broke the Bank of England. The historically stable curren...
Bitcoin, British pound trading volume soars 1,150% as UK’s currency risks dollar parity
Bitcoin (BTC) will see increased interest from the United Kingdom “very quickly” as fiat currency volatility makes BTC look like a stablecoin. That was the conclusion from Gabor Gurbacs, strategy advi...
Bitcoin Withstands Dollar Dominance Better Than Equities, Gold, Etc.
Bitcoin, along with the majority of the crypto market, hasn’t always been friends with the month of September. Bitcoin records MTD performance rate of 0.83% Gold struggles along with equities such as ...
Is now a good time to buy the Australian dollar? Retail sales remain strong
Commodity currencies such as the Australian dollar have outperformed during the COVID-19 pandemic. As long as central banks eased the monetary policy via low rates and bond-buying programs, commodity ...
Buy ‘international equities’ to capitalise on strong U.S. dollar: Pro
Investors should look for opportunities in international equities as the dollar continues to gain and retain strength, says David Herro – the Vice President of Oakmark Funds. U.S. dollar ...
Pound hits all-time low versus the dollar, softening pain of bitcoin losses for Brits
With the pound in the doldrums, crypto investors in Britain received some respite from bitcoin losses. The pound hit an all-time low of $1.0327 versus the U.S. dollar on Monday, as traders bet agains...
Euro Hits New Lowest Level Against US Dollar in 20 Years
Euro at lowest level in 20 years in relation to the dollar, as energy woes continue to dictate the macroeconomic landscape. The euro is currently trading at its lowest level against the US dollar in 2...
Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar
On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volat...
The British pound just crashed 5% to a 37-year low against the US dollar today — here’s why currency carnage continues across the pond
The British pound just crashed 5% to a 37-year low against the US dollar today — here’s why currency carnage continues across the pond On Monday, the British pound dropped to a record low against the ...
How crypto assets are performing during the current dollar strength phase
Join Our Telegram channel to stay up to date on breaking news coverage According to conventional thinking, assets like cryptocurrencies decrease in value as the dollar strengthens. However, is that ac...