U.K’s debt-to-GDP ratio is around 85% The U.S. national debt is now approx $31 trillion Debt-to-GDP ratio in the U.S. is actually higher than 125% The collapse of the US dollar has been predicted by e...
Tag: Dollar
Russia, China may be preparing new gold-backed currency, but expert assures US dollar ‘safest’ currency today
China and Russia may be working toward a new gold-backed currency in a move that would aim to dethrone the dollar as the primary reserve currency of the world, but any such currency would unlikely ach...
Why A Strong Dollar Is Not As Good As You Think
A strong dollar sounds great. Here is where it is not so great for U.S. companies and investors. getty To most people, a strong currency means a strong country. Weak countries have weak currencies. St...
EW Stock: Edwards Slashes 2022 Profit Outlook, Citing Hospital, Dollar Challenges
Edwards Lifesciences (EW) slashed its profit outlook Thursday, leading EW stock to plummet amid continued hospital staffing and exchange-rate challenges. X In late trading on today’s stock marke...
On-Chain Signal Suggests Bitcoin Selling Is Over, BTC To Head Upwards Against Weakening Dollar: InvestAnswers
A popular crypto analyst says that several on-chain signals for Bitcoin (BTC) suggest sellers are losing control of BTC’s price action. In a new video, the InvestAnswers host looks at data from blockc...
US Dollar Recovers, Bitcoin Holds $20K as Fed Decision Looms
After the US dollar sank to three-week lows earlier this week, the currency showed signs of recovery Thursday with the US Dollar Index 0.5% higher The ECB again raised interest rates by 75 basis point...
How A Strong Dollar Hurts Europe + Emerging Markets
Burning US five and one dollar bills, London, 8th August 2011. (Photo by Tom Stoddart/Getty Images) Getty Images Is a strong dollar all good? Depends where you sit in the global economy. For sure the ...
Analysts: Bitcoin Could Spike in 2023 if the Dollar Falls
The first week of October saw bitcoin moving much higher than where it had been. Previously, the asset was struggling to maintain a position in the $19K range, though things turned around somewhat dur...
The FTSE Cannot Escape A Runaway Dollar
U.S. currency in a bull market. getty We find ourselves in the lap of the gods. A desperate economic crisis is not fate, yet every day we grind close to the abyss. The U.K. is the ‘”canary in the coal...
3 Top Cryptocurrencies For You Valued Under a Dollar – Big Eyes Coin, Dogecoin, and Cronos
With the current market crash that made every cryptocurrency fall to the ground, many people have not been satisfied with the number of profits they are making. At the same time, many did make money b...
The U.S. Dollar Is Back On Top, And That Improves Everything
Currency exchange board getty The Federal Reserve is raising interest rates faster and greater than most other countries. Some Wall Streeters and others who built strategies around 0% interest rates h...
Economist Peter Schiff Warns the US Dollar Will Crash — Says ‘We’re Going to Default’ – Economics Bitcoin News
Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we ...
Fed Governor Waller Skeptical of Central Bank Digital Currencies — Says He’s ‘Not a Big Fan’ of the Fed Issuing Digital Dollar – Regulation Bitcoin News
Federal Reserve Governor Christopher Waller says he is not a big fan of the Fed issuing a central bank digital currency (CBDC). “It’s just a checking account at the Fed,” said the governor. Federal Re...
MakerDAO’s plan to break the dollar peg
MakerDAO, the protocol that issues the Dai stablecoin, has passed a governance proposal beginning the transition to its “Endgame Plan.” This plan fundamentally changes many aspects of MakerDAO. Here’s...
BTC, ETH Hit 6-Week Highs as Dollar Loses Steam – Market Updates Bitcoin News
Bitcoin rose to its highest level in six weeks on Wednesday, as the U.S. Dollar continued to weaken versus several G7 currencies. The latest decline in USD comes as consumer confidence in the United S...
How dollar strength could mean ‘death by a thousand cuts’ for stocks
The U.S. dollar is currently perched precariously high versus the Japanese yen (JPY=X), the Chinese yuan (CNH=X), and the British pound (GBPUSD=X), with far-reaching implications for global risk marke...
Bitcoin price rises above $19.6K as US dollar strength falls to 3-week lows
Bitcoin (BTC) returned to local highs at the Oct. 25 Wall Street open as nervous analysts kept an eye on miners. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY provides instant relief...
Sneaker Resellers See Dollar Signs In Kanye’s Split With Adidas
Jamel Toppin for Forbes While it’s become less lucrative to resell Kanye West’s Yeezy sneakers online in recent years, some sneakerheads are betting his split with Adidas will change that. By Lauren...
Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid – Economics Bitcoin News
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave Preside...
Pound surges against dollar after US house price shock
pound surge The pound has benefited from a slump in the dollar this afternoon following the sharpest slowdown in US house price growth on record. Sterling surged 1.86pc higher to $1.1487 against the s...
Big Bitcoin Breakout Incoming as US Dollar Index Starting To Flash Reversal Signals, According to Popular Analyst
A widely followed crypto trader says the US dollar index (DXY) is signaling weakness and that could mean a big breakout for Bitcoin (BTC). In a new strategy session, crypto analyst Jason Pizzino tells...
Pundit Predicts Strong Recovery For Bitcoin As The Fed Pumps Brakes On The Dollar
Clem Chambers, CEO of Online Blockchain Plc, said in a statement to Stansberry Research on Monday that the recent decline in cryptocurrencies, forex, equities, and commodities was primarily due to a s...
Should you buy or sell gold as the US dollar weakens?
Gold failed investors during the COVID-19 pandemic and this year too. A traditional hedge against inflation, it did not act as it should have, given the surging worldwide inflation and the depressing ...
Fintech Ramp Surfs Dollar Wave By Helping U.S. Companies Turn To International Markets
Ramp CEO Eric Glyman (Center), CTO Karim Atiyeh (Left) and CPO Gene Lee (Right) cofounded the corporate credit card firm in 2019 after selling a price-tracking startup to Capital One. Courtesy of Ramp...
Charts suggest the U.S. dollar could be peaking, Jim Cramer says
CNBC’s Jim Cramer on Monday said that the spiking U.S. dollar could peak soon. “The strong dollar has become an albatross around the neck of an already beaten-down market, but now the char...
Bitcoin outperformed all assets except US dollar index in Q3
As the crypto market largely consolidated as it went sideways throughout Q3, Bitcoin only dipped 1% QoQ which was better than all other major assets with the exception of the US Dollar Index. Coingeck...
Bitcoin outperforms all major asset classes in Q3 2022 except US Dollar Index
In spite of unfavorable macroeconomic headwinds and a stagnant crypto market, Bitcoin (BTC) managed to outperform equities and most major fiat currencies in the third quarter of 2022, except the US Do...
Yen Falls To 32-Year Low Against The Dollar
It’s one of the many effects of the rise in interest rates in the United States: The Japanese yen has fallen to a 32-year low versus the dollar. The government in Tokyo will not allow its 10-year yiel...
Bitcoin Now Less Volatile Than Nasdaq and S&P 500 — Stock Markets More Reactive to Inflation, Strong Dollar, Rate Hikes, Energy Crisis – Markets and Prices Bitcoin News
Bitcoin’s volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to v...
The World’s Oil Buyers Are Being Crushed by a Surging Dollar
(Bloomberg) — Brent oil has dropped more than 30% from this year’s high, but you wouldn’t know it if you live in Paris, Mumbai or Accra. Most Read from Bloomberg The decline in the global oil be...
Strong Dollar Pushes BTC Below $19,000 – Market Updates Bitcoin News
Bitcoin was once again trading under $19,000, as the U.S. dollar moved to a one-week higher versus several G7 currencies. Friday’s move saw the token fall to a key support point in the process. Ethere...