Currencies

Top meme coins Dogecoin (DOGE), Shiba Inu (SHIB), PEPE and BONK lead the meme coin sector with double-digit gains on Wednesday following the crypto market recovery. After smashing key resistance levels near their respective 50-day Simple Moving Averages (SMA), these meme coins now face a key hurdle close to the 100-day SMA. Fartcoin price holds firmly above support established at $1.00 while exchanging hands at $1.16, up more than 2% on the day. The meme coin’s uptrend follows a sustained rebound from the Q1 downtrend, buoyed by support at $0.20,...

Most Asian currencies strengthened on Wednesday after U.S. President Donald Trump softened his stance on the Federal Reserve and signaled openness to easing trade tariffs on China. Meanwhile, the Japanese yen weakened following disappointing factory activity data. The U.S. Dollar Index gained 0.3%, rebounding from a three-year low hit earlier this week. This came after Trump stated he had “no intention” of removing Fed Chair Jerome Powell, dialing back earlier criticism that had fueled concerns over the central bank’s independence. Markets also found relief in Trump’s comments on U.S.-China trade...

Gold prices fell in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 9,163.75 Indian Rupees (INR) per gram, down compared with the INR 9,272.21 it cost on Tuesday. The price for Gold decreased to INR 106,883.00 per tola from INR 108,148.30 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,163.75 10 Grams 91,636.47 Tola 106,883.00 Troy Ounce 285,027.20   Daily Digest Market Movers: Gold price bulls remain on the defensive amid hopes for a US-China trade deal US...

The dollar advanced against its major peers after US President Donald Trump said he had no intention of firing Federal Reserve Chairman Jerome Powell.The greenback climbed the most against the yen and Swiss franc as a rise in US stock futures damped demand for haven assets. The dollar climbed as much as 1% versus both currencies to around 143.00 yen and 82.69 centimes, respectively. Some technical indicators and market positioning had suggested an overshooting of bearish dollar bets. The US currency fell to the lowest since December 2023 this week...

Bitcoin, the first cryptocurrency to have been founded, still attracts markets with its crazy price oscillations and revolutionary potential. In 2025, experts believe that a rally will propel the value of to $90,000-$92,000, and the investor and enthusiast community is already rife with speculations. It is such a prediction based on economic necessities, technological progress, and expansion that bears witness to the improved prognosis of the digital currency.Nevertheless, the market continues to be volatile with danger lurking in the shadows as much as opportunity. This piece delves into the forces driving...

Cryptocurrency users and owners are a key bloc for Labor, Jonathon Miller from the Australian arm of cryptocurrency exchange Kraken has revealed, with many Aussies turning to the digital currencies in a bid to “get ahead”.Mr Miller, the managing director of Kraken Australia, joined Sky News’ Business Now to reveal the array of Aussies purchasing cryptocurrencies were “not necessarily the ones you would have been certain of” just half a year ago.He said people living in suburbs, “aspirational” Aussies and “battlers looking to get ahead” were those flocking to cryptocurrencies...

Asian stocks battled to hold ground on Tuesday after a furious flight from US assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries.Relatively limited losses in Asia did spark talk that funds could be reallocating money to equities in the area, though the impact of tariffs on economic growth remained a major drag.President Donald Trump’s increasingly vocal attacks on Fed Chair Jerome Powell for not cutting interest rates saw Wall Street indexes shed around 2.4 per cent on...

CEO and investor Jack Truong has identified several substantial economic barriers that will prevent the BRICS currency initiative from seriously challenging U.S. dollar dominance in the global financial system. Drawing on his extensive experience transforming companies like 3M, Electrolux, and James Hardie, Truong offers a clear-eyed assessment of the economic realities that will maintain the dollar’s position as the world’s primary reserve currency for the foreseeable future.  The Economic Weight of the Dollar  Jack Truong points to the overwhelming economic dominance of the U.S. dollar in global financial transactions as...

As of April 2025, several African countries have maintained strong currencies against the U.S. dollar, reflecting various degrees of fiscal discipline, monetary policy effectiveness, and economic structure. Currency strength remains one of the key indicators of a country’s economic health and stability. According to the Forbes currency calculator, these are the strongest currencies in Africa Read  also: Top 10 strongest currencies in Africa as of March 2025 1. Tunisia – Tunisian Dinar (TND) Exchange Rate: 2.95 TND per USD Tunisia tops the list once again, with the Tunisian Dinar holding its...

Two men allegedly trying to smuggle foreign currency worth Rs 91 lakh out of the country were arrested at Delhi’s Indira Gandhi International Airport (IGIA), officials said on Tuesday. Based on a tip-off, the two accused were intercepted by officials of the Customs department when they were set to fly to Bangkok on flight SG 87 on April 20 from Terminal 3 of the airport. A thorough search led to the recovery of € 96,000, concealed in their belongings, as per an official statement. The passengers allegedly admitted that they...