Currencies

Intercontinental Exchange Inc., parent of the New York Stock Exchange, is joining with Circle Internet Financial Ltd. to explore the use of the crypto firm’s USDC stablecoin, as well as tokenized money market funds, to develop new products.“We believe Circle’s regulated stablecoins and tokenized digital currencies can play a larger role in capital markets as digital currencies become more trusted by market participants as an acceptable equivalent to the US dollar,” Lynn Martin, president of the NYSE, said in a statement Thursday. Circle and ICE will explore using Circle’s stablecoins...

Trading Forex during the Asian Trading Hours When looking at trading through the Asian session, the currency pairings are categorized into the majors, cross-currency pairings (also referred to as the crosses) and the exotics. The major FX pairings for the Asian session are the U.S Dollar ($) – Japanese Yen (¥) or USD/JPY, Aussie Dollar (A$) – U.S Dollar ($) or AUD/USD and the Kiwi Dollar (N$) – U.S Dollar ($) or NZD/USD. The Global FOREX markets major currency pairings, which also include the EURO – U.S Dollar, UK Pound...

This entry aims to delve into cryptocurrencies, their definition, uses and what makes them so special. Space is also reserved to talk about CBDCs and investing in ‘cryptos’.Definition and functioning of cryptocurrenciesIn essence, cryptocurrencies, also called digital currencies or crypto-currencies, among others, are nothing more than fully digital money. For example, you can physically touch a euro, but the same is not true of cryptocurrencies.This already presents a difference with FIAT money (the money we are used to handling, for example, the Euro), but the most important characteristic is that...

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...