Investing in Currencies

Mumbai, Jan 10 (IANS) The recovered early losses to end higher for a sixth straight day on Wednesday as expectations rose about more foreign funds flowing in.The rupee settled at 83.0350 vis-a-vis the U.S. dollar, its highest closing level since December 15 up from 83.1150 in the previous session.The Indian currency opened lower and fell to an intraday low of 83.18 earlier in the day, before rising again to an over three-week high of 82.98 in the session."The rupee experienced volatility, ranging between 83.18 (on the weaker side at the...

By Ankur Banerjee and Joice Alves SINGAPORE/LONDON (Reuters) -The dollar edged lower on Wednesday in cautious trading as investors awaited U.S. inflation data later this week, while bitcoin was volatile after a fake social media message was posted on the U.S. securities regulator’s account. The Securities and Exchange Commission (SEC) said someone briefly accessed its X social media account and posted a false message saying it had approved exchange traded funds (ETFs) for bitcoin, a move eagerly awaited by the crypto industry. The SEC said it had not yet approved...

SAO PAULO - Brazil's benchmark index closed lower on Tuesday, with a decline observed in the shares of mining giant Vale amid falling iron ore prices. The index saw a decrease, closing at 131,446 points, marking a 0.74% fall.In the currency markets, the U.S. dollar strengthened against the Brazilian real. Reports indicated differing appreciation levels, with one source stating the dollar rose to R$4.90, an increase of 0.70%.Vale, a leading player in the iron ore industry, experienced a decline in share value by 1.35% which contributed to the day's downward...

ATLANTA - BitPay, a leading cryptocurrency payment service provider, has expanded its digital currency offerings, enabling transactions with several new cryptocurrencies at high-end retailers. The company now supports (UNI), (LINK), (BNB), and Basic Attention Token (BAT (LON:)), alongside its existing options. This move allows customers to use these currencies at notable retailers such as Gucci and Ralph Lauren (NYSE:).Founded in 2011, BitPay has come a long way from its origins as a Bitcoin-centric platform. Having secured over $70 million in funding from investors, BitPay has broadened its scope to accommodate...