Topline The U.S. dollar hit a two-decade high on Monday, responding to Federal Reserve Chairman Jerome Powell’s comments that the central bank will continue to tackle inflation “forcefully”—signaling ...
Tag: Dollar
US dollar hits new 20-year high — 5 things to know in Bitcoin this week
Bitcoin (BTC) heads into the first week of September on a rocky road downhill after United States markets’ Jackson Hole rout. After the U.S. Federal Reserve reinforced hawkish comments on the inflatio...
Restrictions on Purchases of Dollar and Euro Cash Eased
CBR has allowed Russian lenders to sell two currencies Russians have been buying bitcoin, & stablecoins to use them for money transfers The majority of Russians are ready to buy coins in the nex...
Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash – Finance Bitcoin News
The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country...
A Martian Assesses The Great 1970s Inflation
At the Federal Reserve conference in Jackson Hole this week, all attention was on inflation. Chair Jerome Powell seemed to have moved the markets when his tight-money comments coincided with a 1000-po...
King Dollar? How The U.S’s Mighty Greenback’s Could Roar
The George Washington detail on the one-dollar banknote superimposed on computerized people … [+] silhouettes, US, 1982. (Photo by Alfred Gescheidt/Getty Images) Getty Images While soaring infla...
U.S. senatorial candidate expresses support for Bitcoin says the ‘dollar is a melting ice cube’
United States senatorial candidate for New Hampshire Bruce Fenton has extended his support for Bitcoin (BTC) while opposing any government involvement in regulating the asset. Fenton noted that the go...
US Futures Dip, Dollar Up as Clock Ticks to Powell: Markets Wrap
(Bloomberg) — US equity futures slipped Friday and the dollar climbed as a chorus of Federal Reserve hawks prepared the ground for a much-anticipated speech by Chair Jerome Powell that’s set to ...
Peloton, Salesforce, Dollar Tree and more
Check out the companies making the biggest moves midday: Peloton — Shares of Peloton plunged over 18% after the company reported quarterly results Thursday showing a wider-than-anticipated loss and de...
Dollar Tree shares fall after company cuts guidance, invests in competitive pricing
Dollar General and Dollar Tree stores Getty Images Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its push to offer more competitive prices at its...
Dollar Tree, Peloton, Salesforce and more
Check out the companies making headlines before the bell: Dollar Tree (DLTR) – The discount retailer’s stock slid 6.6% in the premarket after cutting its full-year earnings forecast, due to the ...
Jerome Powell & US Dollar Summer Global Wrecking Ball Tour Continues
China Last Night KraneShares Key News Asian equities were mixed/lower overnight as South Korea, India, and Southeast Asia managed small gains while Japan, Hong Kong, and China were off. Global equitie...
What a Rising Dollar Means for Global Stablecoin Adoption
Dollar dominance remains strong as Euro falls below parity with USD. If the uncertainty persists and USD continues to appreciate against other fiat currencies, it might have an effect on regulatory re...
US dollar index cup and handle points to more gains
The US dollar index (DXY) price formed a cup and handle pattern as concerns about the Federal Reserve and the economy remain. It is trading at $108.63, which is slightly below this month’s high of $10...
Euro – Dollar ratio still at parity
The Euro evens out the value of the Dollar again. It had already happened last month, and this will have consequences that change the state of affairs. The exchange rate of the Euro/Dollar pair is sti...
A euro is worth less than a dollar for the first time in 20 years. What does that mean?
The euro has dived to its lowest level against the dollar in 20 years, underlining the sense of foreboding in the 19 European countries that use it. (Michael Probst / Associated Press) The euro has fa...
Euro Falls Below US Dollar for Second Time Since 2002, Reaching 20-Year Low
The euro has fallen below the U.S. dollar for the second time in 20 years, also hitting a 20-year low. The currency is now priced at 0.990 to 1 USD. The euro has fallen below the U.S. dollar for the s...
Crypto.com Plans Multi-million dollar Renovation of Staples Center
Singapore-based crypto exchange Crypto.com has tweeted that it will make a series of updates to its iconic arena, the Staples Center, including renovations of giant screens and concession stands, as w...
EU Crypto Lobby Fights MiCA Limits on US Dollar Stablecoins
Crypto lobby associations are seeking clarity from EU legislators over incoming restrictions on foreign-dominated stablecoins Euro-backed stablecoins are not yet an alternative as they represent a tin...
Crypto.com Arena formally begins multi-million dollar renovations
Crypto.com’s multi-million sports deal for famed downtown Los Angeles sports arena, formerly called Staples Center, has entered the next stage of collaboration with the formal announcement of major up...
Once Again Euro Sinks to Lowest Level Against US Dollar
5 hours ago | 2 mins read Market News The US dollar has overtaken the Euro for the second time in 20 years. The Euro exchange rate recorded its low value in September 2002. For the second time in 20 y...
How U.S. Companies Suffer From A Strong Dollar
Dynamics of exchange rates with a strong dollar. Getty Images A strong dollar is great for businesses that import products or parts and a strong dollar is good for the international traveler. However,...
Euro Falls Below Dollar As Europe Gears Up For Energy Crisis
Topline The Euro fell below parity with the U.S. dollar on Monday for the second time this year as the Eurozone continues to face rising inflation while it prepares for a potential energy crisis this ...
The Euro Hit Parity With the Dollar Again. This Time, the Weakness Might Last.
Text size The euro is at parity with the dollar. Photo by INA FASSBENDER/AFP via Getty Images The euro fell enough to achieve parity with the dollar again. Don’t be surprised to see more weakness in t...
U.S. dollar is now slicing through key technical levels ‘like a hot knife in butter’
The U.S. dollar is back on the upswing and headed toward the year-to-date highs seen in mid-July following a period of relative dormancy over the past month as investors pulled back on expectations of...
Huobi Native Stablecoin Momentarily De-Pegs From Us Dollar Due to Liquidity Issues
While writing this article, HUSD, a stablecoin, is trading at $0.9978 and has attained a hike of 13% in the last 24 hours. Huobi intends to receive a Virtual Asset MVP License from Dubai’s Virtua...
Huobi Stablecoin Briefly De-Pegs From US Dollar Due to Liquidity Issues
The stablecoin of crypto exchange platform Huobi briefly de-pegged from the US dollar due to liquidity problems. The stablecoin, HUSD, dipped to as low as $0.87 before its liquidity crisis was resolve...
Hackers Minted 1.3B Acala Dollar, The Polkadot Stablecoin
Acala, The Network’s Defi Center Acala Dollar (aUSD), a stablecoin powered by Polkadot, fell to below 10 cents on Sunday as a result of hackers generating 1.3 billion of the tokens for free. Acala, th...
Huobi’s HUSD Becomes Latest Stablecoin To Lose Dollar Peg
The stablecoin market looks like it is some way off from reaching stability, as the list of stablecoins losing their peg grows longer and longer. Huobi’s HUSD stablecoin has now become the latest asse...