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Dollar extends gains to 2-1/5 month highs as US yields rally
Dollar extends gains to 2-1/5 month highs as US yields rally
Nov 3, 2024
The US dollar gained ground in European trade on Wednesday against a basket of major rivals, extending gains for the third straight session and hitting 2-⅕ month highs as US 10-year treasury yields expanded their gains. The advance comes after bullish remarks from some Fed officials, which hurt the odds of a Fed interest rate cut in November. The Index...
Loonie declines after aggressive BOC interest rate cut
Loonie declines after aggressive BOC interest rate cut
Nov 3, 2024
The Canadian dollar fell against most major rivals after an aggressive step taken by the Bank of Canada today. The Bank of Canada today announced an interest rate cut of 50 basis points to 3.75% as expected. The BOC expects the global economy to expand by 3% in the next two years, and for the US economic growth to be...
Yen about to mark fresh weekly loss ahead of general elections
Yen about to mark fresh weekly loss ahead of general elections
Nov 3, 2024
The Japanese yen rose in European trade on Friday away from three-month lows against the US dollar, amid active short-covering, while US 10-year treasury yields slowed down. Despite the gains today, the yen is still heading for a weekly loss, ahead of the Japanese parliamentary elections during the weekend, with opinion polls indicating the governing LDP could lose its majority....
US dollar gives up three-month high on profit-taking
US dollar gives up three-month high on profit-taking
Nov 3, 2024
The US dollar fell in European trade on Thursday against a basket of major rivals away from three-month highs, on track for the first loss in four days amid active profit-taking as US 10-year treasury yields stall. Now investors await a batch of important US data later today that will shed light on the health of the US economy in...
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Hashdex Files S
Hashdex Files S
Jul 25, 2024
Hashdex, a crypto asset management firm, has filed its registration statement, S-1, with the U.S. Securities and Exchange Commission for its Hashdex Nasdaq Crypto Index US ETF. Notably, the move is a step in its plans to be the first index-based crypto ETF in the U.S. that will track some digital assets in the Nasdaq Crypto US Settlement Price Index....
Here’s When India Plans to Unveil Crypto Discussion Paper
Here’s When India Plans to Unveil Crypto Discussion Paper
Jul 25, 2024
While Indian crypto users were granted no relief from the draconian tax rules in the countrys budget for 2024-2025, a discussion paper outlining its policy stance on the industry could be released before September this year. The main objective behind the discussion paper is to gather inputs from relevant stakeholders on the ideas outlined in it. Indias Crypto Discussion Paper...
Coinbase’s UK Unit Slapped With $4.5M Fine for Violating High
Coinbase’s UK Unit Slapped With $4.5M Fine for Violating High
Jul 25, 2024
Coinbases UK unit CB Payments Limited (CBPL) was fined $4.5 million by the UK financial regulatory agency, the Financial Conduct Authority (FCA), for repeatedly violating a requirement that barred the firm from providing services to high-risk customers. While CBPL itself does not handle crypto transactions for customers, it serves as a gateway for trading through other entities within the Coinbase...
Scaramucci Slams Claims of Harris’s Anti
Scaramucci Slams Claims of Harris’s Anti
Jul 25, 2024
Amidst significant backlash for opting not to speak at the Bitcoin Conference, Vice President Kamala Harris has found an ally in SkyBridge founder Anthony Scaramucci. Voicing his support for the presumptive Democratic presidential nominee, Scaramucci criticized the ongoing narrative suggesting Harriss administrations hostility towards crypto. He contrasted this with former President and Republican nominee Donald Trumps history of calling Bitcoin...
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