Currencies

Ethereum (ETH) has seen immense buying from whales on Thursday following core developers fixing April 30 as a tentative date for the Pectra upgrade to go live on mainnet. In its latest All Core Developers Consensus (ACDC) call, Ethereum developers tentatively scheduled April 30 for the Pectra mainnet upgrade. Bitcoin (BTC) price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders. However, Ethereum (ETH) and Ripple (XRP) show signs of weakness as they face resistance around their key levels and face a pullback this week.   Cronos (CRO), the native...

The Indian rupee has staged a strong comeback this year, making it on of the top-performing currencies. The USD/INR pair plunged to a low of 85.50, its lowest level since January 2 and 2.7% below its highest point this year. This article explains why the Indian rupee is soaring and what to expect.US dollar index crash Copy link to section One reason why the USD/INR exchange rate has crashed is that the US dollar index has embarked on a strong downtrend this yea. The DXY index has crashed from the...

The Indian rupee has staged a strong comeback this year, making it on of the top-performing currencies. The USD/INR pair plunged to a low of 85.50, its lowest level since January 2 and 2.7% below its highest point this year. This article explains why the Indian rupee is soaring and what to expect.US dollar index crash Copy link to section One reason why the USD/INR exchange rate has crashed is that the US dollar index has embarked on a strong downtrend this yea. The DXY index has crashed from the...

US equity markets are little changed in afternoon trade, after President Trump pressed ahead with tariffs on car manufacturers as part of a widening trade war, which weighed on share prices in the sector. The S&P oscillated around flat in the absence of first tier economic data. European indices closed lower with the Euro Stoxx falling 0.7%. Treasuries edged higher in yield while the US dollar is mixed against G10 currencies. President Trump has signed an order to put a 25% tariff on imports of foreign-made cars. This will go...

The US dollar is widely known as the most powerful and the most traded currency globally, often being the go-to choice for international transactions. However, when it comes to raw strength, measured by its value against other currencies, the greenback doesn’t necessarily take the top spot. Surprisingly, there are several currencies that surpass the US dollar in value, which serves as a common benchmark for currency strength.Foreign currency is traded in pairs, meaning one currency is exchanged for another, and its value is determined through the exchange rate. Most currencies...

The US dollar is widely known as the most powerful and the most traded currency globally, often being the go-to choice for international transactions. However, when it comes to raw strength, measured by its value against other currencies, the greenback doesn’t necessarily take the top spot. Surprisingly, there are several currencies that surpass the US dollar in value, which serves as a common benchmark for currency strength.Foreign currency is traded in pairs, meaning one currency is exchanged for another, and its value is determined through the exchange rate. Most currencies...

Stablecoin issuer Circle and Intercontinental Exchange (ICE), the company that operates the New York Stock Exchange (NYSE) among others and provides clearinghouse services, are collaborating to explore stablecoin integration in ICE’s operations.The companies will explore the potential integration of Circle’s US dollar stablecoin (USDC) and its US Yield Coin (USYC) into ICE’s derivatives exchanges, clearinghouses, data services and other systems, under a memorandum of understanding (MoU) announced March 27. Lynn Martin, president of the New York Stock Exchange, issued this statement alongside news of the collaborative partnership:“We believe Circle’s stablecoins...

Sterling gains 0.35% as high-beta currencies benefit from improved sentiment despite initial tariff shock. Trump enacts 25% auto tariffs effective April 2; UK says talks underway to secure exemption. US data mixed with jobless claims near estimates, GDP revised up, and home sales still in decline. The Pound Sterling rises during the North American session, against the Greenback even though the US President Donald Trump enacted automotive tariffs on all cars made outside of the United States (US). Initially, risk appetite deteriorated, but it has improved. Therefore, high-beta currencies like...

A Bangladeshi man was apprehended in Perumbavoor following the discovery of counterfeit currency in his possession, police reported on Thursday. Investigations revealed Selim Mondal had been residing illegally in India for 18 years.Mondal, arrested initially for train theft, was found with 17 counterfeit Rs 500 notes during a search by Ernakulam Rural and Alappuzha Railway Police. Despite claiming to be from Murshidabad, West Bengal, he later confessed to his true identity under interrogation.Authorities suspect Mondal distributed fake currency across India, employing a smuggling operation that included transporting counterfeit printing...

Indian stock markets have staged an impressive recovery in March, rebounding from a protracted period of negative returns that began in October. India has been one of the best performing markets in the last few weeks. The recovery in stock markets is driven by a change in stance of foreign portfolio investors. In the last two weeks of March, FPIs have been net buyers due to aggressive buying of Indian debt. The spate of selling in the equity market has slowed down considerably, compared to the previous months. Supported by...