Investing in Currencies

Investing.com - The U.S. dollar edged higher in early European trade Tuesday ahead of this week’s key economic data that may provide clues on the Federal Reserve's next moves. At 04:00 ET (09:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 101.125, recovering slightly from a five-month low after the greenback slid some 2% in 2023.  Payrolls to guide dollar sentiment The dollar was hit hard by raised expectations that the Fed will begin trimming interest rates in 2024, with...

Investing.com-- Bitcoin rose sharply to a 21-month high on Tuesday amid increased speculation that the U.S. Securities and Exchange Commission was close to approving a spot exchange traded fund for the world’s largest cryptocurrency. rose 6% to $45,168.6 by 21:35 ET (02:35 GMT), reaching its highest level since early-April 2022. But trading volumes remained slim on account of the New Year holidays.  Bitcoin’s gains came as an extension of a stellar recovery in 2023, where the token surged more than 100% in value after starting the year at around $17,000. ...

Moscow, Dec 31 (IANS) The US dollar’s share of global central bank reserves has continued to decrease, nosediving to 59.2 per cent in the third quarter of 2023, according to the latest data released by the International Monetary Fund (IMF). The decline comes amid the de-dollarization trend gaining momentum across the globe, RT reported.IMF statistics show the greenback’s share is down from roughly 70 per cent in 2000. The dollar remains the world’s leading reserve currency with the euro coming second, while the latter’s share has slid to 19.6 per...