Investing in Currencies

experienced a decline of -0.74%, settling at 62095, influenced by a strengthening U.S. dollar and rising bond yields amidst reduced expectations for an early Federal Reserve rate cut. The market is currently anticipating a key inflation print, adding to the uncertainty. Positive employment data, including the ADP (NASDAQ:) report revealing the addition of 164K jobs in December, countered by the ISM's indication of a slowdown in the services industry, has created a mixed economic landscape. Geopolitical risks and concerns about China's economic challenges continue to act as a backdrop, supporting Gold...

By Rae Wee SINGAPORE (Reuters) -The dollar edged broadly higher on Monday as risk appetite remained subdued ahead of a key U.S. inflation report later in the week that is likely to provide further clarity on the Federal Reserve's monetary policy outlook. The yen was nursing deep losses from last week and struggled near the 145 per dollar level, while the risk-sensitive Australian and New Zealand dollars edged lower in a cautious start to the week. Trading was thinned in Asia with Japan out on a holiday. Against the yen,...

NEW YORK - Minetrix, a company specializing in Ethereum-based cloud mining, has successfully raised over $7.5 million, signaling increasing investor confidence in the cryptocurrency sector. This fundraising comes at a time when the market is hopeful for a Bitcoin ETF approval, which is expected to propel Bitcoin's price from its current $44,000 to a potential $50,000.In recent meetings, the Securities and Exchange Commission (SEC) hinted at the possibility of an ETF approval, contributing to a more optimistic market outlook. This optimism persists despite earlier price drops and significant liquidations reported...

By Herbert Lash and Naomi Rovnick NEW YORK/LONDON (Reuters) -Bond prices slid and a gauge of global equity performance closed a tad higher in choppy trading on Friday after a surprisingly strong U.S. labor report increased the odds that the Federal Reserve can engineer a "soft landing" for the economy. U.S. employers hired more workers than expected last month while raising wages at a solid clip, leading markets to initially dial back bets the Fed would start cutting interest rates in March. But a weak report from the Institute for...