The post UK Pound Drops Down To An All-Time Low Against The US Dollar appeared first on Coinpedia Fintech News Between June and mid-September, UK’s Pound mostly traded in the $1.14 to $1.23 bracket ag...
Tag: Dollar
Top economist Mohamed El-Erian says the ‘relentless appreciation of the dollar’ is terrible news
The British pound, like most major currencies other than the dollar, has been under siege throughout 2022. And the situation deteriorated dramatically last week, when the U.K.’s new prime minister, Li...
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike – Bitcoin News
The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal...
Pound Hits All-Time Low against Dollar after Mini-Budget Rocks Markets
The reaction to the mini-budget has been a cause for concern with the shadow chancellor Rachel Reeves stating that she was incredibly worried. The Pound recorded a 5% fall against the dollar to hit $1...
Gas Crashes Below $7 as the Dollar Reaches New High – Trustnodes
The price of natural gas is now down more than 30% from its peak of $10 in August to $6.68 as of writing, falling another 2% this Monday. A tour by the German chancellor Olaf Scholz of the Gulf countr...
Crypto defies market conditions to battle the dollar for best performing asset
With ongoing macroeconomic factors affecting different asset classes, cryptocurrencies and the United States dollar are battling to stand out as the best-performing product. In particular, the MVIS C...
Morgan Stanley Says Dollar Surge Tends to End in Crisis
(Bloomberg) — The US dollar’s recent rally is creating an “untenable situation” for risk assets including stocks, and in the past this kind of dollar strength has led to some kind of financial o...
Pound hits new low – what does it mean as dollar parity nears?
Yikes. It was not too long ago that the euro hitting dollar parity made big news, which I wrote about at the time here. As the graph below shows, the collapse of the euro against its transatlantic cou...
Oil Prices Plummet As Dollar Soars And Global Recession Fears Grow
Topline Oil prices continued to plummet on Monday, plunging to their lowest levels since January and continuing weeks of decline as fears of a looming global recession mount, inflation rates remain hi...
U.S. Dollar Hits Two Decade Peak As Indian Rupee Reached Life-Time Low
33 mins ago | 2 mins read Editors News DXY hit the 114.5 level and touched 2003 high. Sterling recorded an all-time low of $1.0387. The U.S. dollar currency index (DXY) overcame significant opposition...
Dollar Rises Against Indian Rupee and Six Other Peers
The rupee is not exactly in freefall, but the bearish series does show that the Rupee is sliding down every day. To be precise, the Indian currency has crossed ₹81 against the US Dollar to touch the m...
Pound plunges to all-time low against dollar
Pound sterling dollar tax cuts Chancellor Kwasi Kwarteng mini-Budget – Jason Alden/Bloomberg The pound has slumped to an all-time low against the dollar after Chancellor Kwasi Kwarteng hinted at...
Tech Stocks Face Another 10% Drop or More as Strong Dollar Hits Profits
(Bloomberg) — The great tech selloff of 2022 is far from over as investors brace for earnings misses that may spur a more than 10% plunge in the Nasdaq 100. Most Read from Bloomberg More than tw...
British Pound Plummets To Record Low Against U.S. Dollar After U.K. Gov’t Signals More Tax Cuts
Topline The British pound slumped to an all-time low against the U.S. dollar early Monday morning as markets reacted negatively to the new government’s signals that it will pursue more aggressive tax ...
While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback – Economics Bitcoin News
While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told th...
U.S. dollar strength continues as global central banks struggle to keep up with the Fed
The U.S. dollar (DX-Y.NYB) screamed higher Friday after the British pound (GBPUSD=X) was whacked when British authorities introduced a new stimulus package consisting of fresh spending and tax cuts. I...
How Crypto Sectors Are Trading Through the Dollar Strength ‘Tsunami’
As a whole, crypto fared far worse than equities in the week following the CPI data release. The CoinDesk Market Index (CMI), a cap-weighted index of 148 of the largest cryptocurrencies, slid 13.5% du...
On the Matter of Inflation, We Have a Problem of Definitions
With inflation we seem to have a problem of definitions. More specifically, everyone seems to want to give inflation a definition as opposed to accepting the definition. It’s the word equivalent of va...
Pound Inches Closer Toward Dollar Parity With Fresh 37-Year Low
(Bloomberg) — The pound plunged by the most since March 2020 and hit the lowest in 37 years against the dollar, as the UK government unveiled a fiscal stimulus package that threatens to fuel inf...
How Long Will U.S. Dollar Index (DXY) Continue to Rise?
The US Dollar Index (DXY) continues its parabolic rise. While it increased by 3% this week, commentators are asking when and at what level the dominance of the US currency will end. The strong dollar ...
Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.
It will be difficult for the stock market to stop its slide and find a bottom as long as the U.S. dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruisin...
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. The British Pound Sterling is buckling under the...
Euro Taps a $0.973 Low Against the US Dollar, Analysts Claim British and EU Currencies Are Trapped in a ‘Doom Loop’ – Economics Bitcoin News
On Friday, the official fiat currency of 19 out of the 27 member states of the European Union (EU), the euro, plunged to a low of $0.9732 against the U.S. dollar. The drop comes at a time when fiat cu...
Weakening Stock Market Worsened By Strong Dollar
Foreign inflows into the U.S. securities market, including stocks, helped drive up the dollars value … [+] against core currencies. Now it’s a headwind. (Photo by China Photos/Getty Images...
The Dollar Is at a 20-Year High. That’s Bad News for Bitcoin
Key Takeaways The dollar index has jumped to 20-year highs above 112 thanks to the Federal Reserve’s economic tightening policy. While the dollar is soaring, Bitcoin and other cryptocurrencies a...
US Dollar Weighs On Global Risk Assets, Hong Kong Opens To Visitors, Week In Review
China Last Night KraneShares Week in Review The Public Company Accounting Oversight Board (PCAOB) began the process of reviewing the audit books of US-listed Chinese companies on Monday by meeting wit...
If you’re selling stocks because the Fed is hiking interest rates, you may be suffering from ‘inflation illusion’
Forget everything you think you know about the relationship between interest rates and the stock market. Take the notion that higher interest rates are bad for the stock market, which is almost univer...
How high will the US dollar index (DXY) rise to?
The US dollar index (DXY) continued its surge as investors reflected on the rising global risks and the extremely hawkish Federal Reserve decision. It jumped to a high of $112.2, which was the highest...
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed Wall Street analyst, who noted that similar performances by the currency have historically led...