The Star Bulletin - Daily News Updates

US dollar

US Dollar Surge Destroys The Crypto Market’s Momentum

US Dollar Surge Destroys The Crypto Market’s Momentum

US Dollar Surge Destroys The Crypto Market's Momentum. A growing strength in the short-term in the US dollar, and the constant inflationary pressures have started to limit the bullish trend of digital assets. The rally in both traditional and crypto-related stocks experienced temporary losses last week, while bitcoin, the most popular cryptocurrency, was the last to close the session 3.4 percent lower at $22,930. Digital assets have seen an extended hiatus following the 33% rise in market value total year-to-date -increasing from $828.7 billion to $1.1 trillion, mostly due to increased enthusiasm for the class during the beginning of the…
Read More
FOREX-Dollar stays steady following strong US jobs report, Lira hits new lows

FOREX-Dollar stays steady following strong US jobs report, Lira hits new lows

FOREX-Dollar stays steady following strong US jobs report, Lira hits new lows. The dollar remained steady in comparison to the Euro on Monday and traders were taking the view that the U.S. In the coming months, the Federal Reserve will likely lift the benchmark rate to 5 percent and remain in place to limit inflation, following data that showed the economy is robust. An earthquake struck Central Turkey along with northwest Syria as well as a strong U.S. dollar added pressure on emerging currencies, bringing the Turkish lira to a new low record of 18.85 against the dollar. The Fed…
Read More
Investors weigh rates and economic outlooks as the dollar rises

Investors weigh rates and economic outlooks as the dollar rises

Investors weigh rates and economic outlooks as the dollar rises On Thursday, the dollar gained ground, supported by an increase in U.S. Treasury yields. Investors weighed the outlook of Federal Reserve policy against the possibility that high interest rates could cause a recession. Next week will bring a host of important central bank decisions, including those of the Federal Reserve, European Central Bank, and Bank of England. Investors and traders need to know if inflation has reached its peak. This will allow policymakers greater flexibility to offer lower interest-rate increases in the months ahead. The U.S. monthly consumer inflation report…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.