Investing in Currencies

Real-life opportunities in the virtual space. © Suriyapong Thongsawang—Moment/Getty ImagesThe metaverse is a network of immersive digital “worlds” that are interconnected so users can move between them, interact with other users, exchange various goods and services, and transact items for virtual or real-world ownership.As the metaverse approaches mainstream adoption—as many expect it will in the coming years—it could change the way we interact with money. For investors, the metaverse could present opportunities to get in at the ground floor—or near it.The metaverse is immersive and digitalWhen the word “immersive” is...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is European strategist at Goldman SachsThe effects of Europe’s energy crisis can be seen across all assets, not least currencies. The euro has been bumpy around parity with the dollar, a two-decade low. Sterling is hovering around the lows seen at the worst point of the pandemic. This strength of the dollar in recent months is partly a function of monetary policy tightening by the Federal Reserve, but it’s also a...