Fears that TerraUSD (UST) will de-peg following weekend volatility have increased after it fell below $0.980. The algorithmic stablecoin saw increased sell pressure on May 7 as more than $300 million ...
Tag: Dollar
Stocks sell-off continues, dollar gains- Market update
US stocks opened sharply lower on Monday as sellers continued to dictate sentiment. The negative move comes after Friday’s sell-off, a scenario that sees Wall Street currently tracking its worst perfo...
U.S. dollar hits a new 20-year high despite raging inflation
The U.S. dollar index rose to its highest level in 20 years on Friday, May 9. The rise follows the Federal Reserve (Fed) raising rates, a sell-off in U.S. stock exchange indexes, and worries of an eco...
India Rupee Falls to Record as Dollar Strength Dents Risk Mood
(Bloomberg) — The Indian rupee fell to a record low as dollar strength dented demand for riskier assets and foreigners continued to dump the nation’s stocks. Most Read from Bloomberg The rupee d...
TerraUSD dollar peg rocked by weekend dump, LUNA drops 20%
A seemingly coordinated attack on the Terra ecosystem occurred this weekend, May 7th, as hundreds of millions of dollars worth of UST was dumped on Curve Finance. This happened in tandem with an incre...
Dollar Strength Bucks Inflation Woes
Years ago, high U.S. inflation meant a weak dollar. So far, it is different this time, and many on Wall Street are betting it will stay that way. The dollar is reaching multidecade highs against its t...
US Dollar Continues to Elevate Against the Japanese Yen
US Dollar vs Japanese Yen Technical Analysis The US dollar initially tried to rally during the trading session on Friday but has seen a little bit of a pullback. At this point, the market still looks ...
US Dollar Continues to Rally Against the Japanese Yen
US Dollar vs Japanese Yen Weekly Technical Analysis Without a doubt, the most important currency in the world is the US dollar. It also just happens to be the most desirable one at the moment, with th...
Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June – Economics Bitcoin News
While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback...
Bitcoin Getting Obliterated as Dollar Index Surges to Highest Level in Decades
Alex Dovbnya King Dollar has reached the highest level in two decades against a basket of other top fiat currencies as Bitcoin keeps getting pummeled The Bitcoin price has collapsed more than 8% over ...
US dollar index forecast as it soars to a 20-year high
The US dollar index (DXY) jumped to the highest level since December 2002 as investors reflected on the relatively hawkish interest rate decision by the Fed. The index is trading at $103.67, which is ...
Should you buy or sell the US dollar ahead of a historic rate hike?
In a few hours from now, the Federal Reserve of the United States is forecast to hike the funds rate by 50 basis points. It would be the first time since 2000 that the Fed will hike by more than 25 ba...
Russia swerves default as Putin forced into dollar U-turn
Putin – Getty Images Russia appears to have dodged its first foreign debt default in a century after the Kremlin tapped domestic dollar reserves in a humiliating U-turn for Vladimir Putin. Inves...
Dollar index closes at 21-year high – what’s next for bitcoin?
The DXY, the dollar index against a basket of other fiat currencies, is up at a 21-year high. With the dollar so strong on the back of the Fed’s promise to hike interest rates, what is to become of th...
Is it safe to buy the Australian dollar after the RBA’s surprise rate hike?
The Reserve Bank of Australia (RBA) is one of the few major central banks that holds a monthly meeting to evaluate the economy and set the appropriate interest rate. It does so at the start of every m...
The Australian Dollar Has Been Rocked By That Of The Introduction Of The A$DC Stablecoins Through The ANZ Bank
ANZ may not be the only bank to get a widespread blockchain moments, as NAB executive for technology as well as alliances Howard Silby remarked as during Australian Blockchain Week conference local ba...
These Banks Manage the Dollar Reserve Backing This Stablecoin
Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market. Recently, the TUSD-TRX pool on the decentralized trading platform SunSwap has yielded up to 12%...
China Calls Out U.S. Dollar Dominance As It Buys Russian Coal With Yuan
The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively. Chinese state media used the opportunity to denigrate the United States, claim...
Strong Dollar Aids U.S. Inflation Fight, Adds to Price Pressures Abroad
Text size Chinese 100 yuan bank notes. Paul Yeung/Bloomberg While your attention probably was focused on that big takeover of a certain social-media site, the gyrations in the global currency markets ...
Silver Prices Remained Little Changed Amid the Dollar Easing and Hot Inflation Report
Key Insights Silver prices traded flat as the release of Core PCE data reaffirmed the Fed’s plan for aggressive rate hikes. Treasury yields traded flat amid PCE data signaling spiraling inflation. Oi...
Multimillion dollar heist at DEUS finance; DeFi world shocked
DeFi world woke up on Thursday to news of a hacker stealing millions Multimillion-dollar break in about the burglary of around $13.5 million was uncovered DEUS Finance DAO was affected this time with...
U.S. Dollar Index (DXY) Reaches Long-Term Resistance
The U.S. Dollar Index, which has experienced rapid growth in recent weeks, has reached long-term resistance. Much depends on the DXY’s further movements, not only in the broad financial sector, but al...
Australian Dollar Continues to Bounce
Australian Dollar vs US Dollar Weekly Technical Analysis The Australian dollar has fallen during the course of the week to reach near the 0.70 level before turning around. By doing so, the market look...
US Dollar Continues to Reach Ever-higher
US Dollar vs Japanese Yen Technical Analysis The US dollar has fallen just a bit during the trading session on Friday, but it looks as if the ¥130 level is continuing to attract a certain amount of at...
US Dollar Continues Massive Move Higher for the Week
US Dollar vs Japanese Yen Weekly Technical Analysis The US dollar has been very volatile during the trading week, initially dipping down to the ¥127.50 level before shooting straight up in the air aga...
Bitcoin price slow to react as US dollar rally stops at 20-year highs
Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the United States dollar come down from 20-year highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes ...
Dollar General and Burlington offer opportunities, but which one should you take?
Dollar General Corporation (NYSE:DG) and Burlington Stores, Inc. (NYSE:BURL) are names to watch. Dollar General is regarded as a recession-proof entity and sells its products at 20%-40% off-price. It ...
Russia aims to avert historic debt default with last-ditch dollar bond payments
Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles...
Bitcoin rejects $40K as US dollar strength hits 20-year high
Bitcoin (BTC) made a fresh bid to crack $40,000 on April 28 as Wall Street trading opened to twenty-year highs for U.S. dollar strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY...