As we step further into the digital world, from cryptocurrency to virtual realities, it can be a daunting time to understand a world that moves quickly and without remorse. Or, at least, that’s how it...
Tag: Dollar
Fed chair and US senator agree on core principles — and limits — for a potential digital dollar
Senator Pat Toomey is adamant on establishing limits on a potential central bank digital currency, though he has not yet ruled out supporting one. CBDCs were a hot topic during a hearing before the Se...
Gamingshiba the Next Billion Dollar Token
The growth of the crypto market is providing ordinary investors with exponential returns and more unique opportunities to grow their wealth. SAFEMOON, SHIBA and SAITAMA are one of the most successful ...
Dollar Falls and Stalls as Investors Await Hearing
The dollar value went down today morning in Asia, but still, it managed to remain near the middle of the latest range. All the investors are now waiting to hear from Jerome Powell’s Senate Banking Com...
Pakistan investigating Binance for involvement in multi-million dollar scam
Binance’s wrangles with regulators have not ended despite the beginning of a new year. Pakistan’s Federal Investigation Agency (FIA) has issued a formal notice to the Binance cryptocurrency exchange r...
Dollar Starts 2022 with Support as Inflation Test Looms
The year has started well for the US dollar as the currency gains value across multiple regions. The primary reason behind the surge is stated by traders’ faith in the inflation data by Fed officials ...
The Federal Reserve Can Neither Suffocate You, Nor Elevate You
It’s all so predictable at this point: Fed minutes offering clues about its future plans come out, and the economic commentariat goes into a frenzy. Supposedly if the central bank “loosens,” it will “...
Pakistan to investigate Binance for multi-million dollar crypto scam
Pakistan’s Federal Investigation Agency (FIA) reportedly issued a formal notice to crypto exchange Binance in an effort to identify links around a multi-million crypto scam in the region. The g...
‘Bond King’ Jeffery Gundlach predicts the dollar will dive — which means these 3 assets could shine
‘Bond King’ Jeffery Gundlach predicts the dollar will dive — which means these 3 assets could shine Expectations of a more hawkish Fed have strengthened the U.S. dollar — but according to one billiona...
US dollar index stays calm after the Fed warning
The US dollar index (DXY) moved sideways after the Federal Reserve published minutes of the past meeting. It is trading at $96.15, where it has been in the past few days. FOMC minutes The Federal Open...
Data Storage up 30% after announcing multi-million dollar contract
Data Storage Corporation (NASDAQ: DTST) went up by about 30% after it announced that Flagship Solutions Group, its wholly-owned subsidiary, got a multi-million dollar contract agreement with one of th...
Dollar Hits One-Month High Against Yen
The increase in the Japanese Yen is an overnight incident. Even though the US Dollar was observed to decline in market value, it rose after being paired with the Yen. Other currencies observed a simil...
FTM and LINK are today’s biggest gainers; ETH loses value against surging dollar
Chainlink (LINK/USD) and Fantom (FTM/USD) are two star performers on CoinMarketCap today. While they are not the only altcoins to be performing really well as the broader cryptocurrency market moves s...
US dollar index steady as bond yields surge
The US dollar index (DXY) lifted in the overnight session as the US government bond sell-off intensified. The index rose to $96.25, which was about 0.70% above the lowest level in December. US bond se...
Bitcoin dips below $47K as US dollar surge dampens BTC price performance
Bitcoin (BTC) crisscrossed $47,000 on Jan. 3 as the first Wall Street trading days of 2022 got off to a modest start. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Ethereum steals the li...
US dollar index strength to continue in 2022
The US dollar had a strong performance in 2021 after its remarkable meltdown in 2020. The DXY index rose by about 7.50% from its lowest level in 2021. It is about 5.5% below the highest level in 2020....
USD/CAD Exchange Rate Prediction – The Dollar Drops and Declines for the Year
The dollar eased against the loonie, dropping sharply and falling near 1% for the week. The decline in the greenback put the U.S. currency lower against the Canadian dollar for the year U.S. yields we...