Month: August 2021

Dollar Down as U.S. Consumer Confidence Falls, Trims Fed Taper Bets

The dollar was down on Monday morning in Asia, remaining near a one-week low. The U.S. currency slumped the most in almost seven weeks on Friday after a sharp fall in. U.S. consumer confidence lessened the likelihood of a tighter U.S. Federal Reserve monetary policy. The U.S. Dollar Index that tracks...
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Now, a coffee-backed cryptocurrency

A new cryptocurrency is making waves in the commodities and financial markets. It is the Coffee Coin that has made a promising beginning since it was launched in early July. It is attracting growers, producers and traders of coffee in Brazil, the world’s largest producer of the coffee. Moneycontrol...
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US charges crypto executives for 1st time amid larger scrutiny

As the US goes after the unregulated cryptocurrency market, the Securities and Exchange Commission (SEC) has, for the first time, charged two crypto industry executives of illegally selling over $30 million of securities in unregistered offerings. The two executives from the Blockchain Credit Partners company used the Ethereum blockchain...
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Ethereum posts outflows of $2.8 million in week

Ether, the token used in the Ethereum blockchain, also saw outflows of $2.8 million, from a nearly $9-million outflow the previous week, as per CoinShares data. This comes after Ethereum went through a major software upgrade to stabilise transaction fees and reduce supply of the ether token. Ether’s supply...
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Bitcoin trading at $44,975

Cryptocurrency prices is in the red on August 13. The global cryptocurrency market cap is $1.88 trillion, a 3.02 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $117.43 billion, which makes a 9.26 percent decrease. The volume of all...
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USDCHF Price Reverses at $0.90 Level, Aiming at $0.92

USDCHF Price Analysis – August 10 The bulls’ pressure may push the price up to $0.92 price level; above the mentioned level are the following resistance levels; $0.93 and $0.94. Should the bears defend the resistance level of $0.92, the price may reverse and the support levels may be...
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Dollar Up as Fed Asset Tapering Expectations Grow

The dollar was up on Tuesday morning in Asia, maintaining its resilience over growing expectations that the U.S. Federal Reserve could begin asset tapering sooner than expected. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.04% to 92.977 by 10:53 PM ET (2:53...
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Dollar in Demand as Bets on Earlier Fed Action Heat Up

The dollar continued its climb Tuesday, riding on the coattails of rising Treasury yields as investors bet the Federal Reserve’s threshold to begin trimming its monthly bond purchases will be met sooner rather than later. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major...
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