Latest News for: Global currency trading


‘De-Dollarization Emerging’ but Greenback Will Retain Its Dominance — JP Morgan Strategists

Bitcoin 08 Jun 2023
According to a report, the yuan currently accounts for just 7% of global foreign exchange trade volumes while the greenback is just “shy of record highs at 88%.” Greenback’s Dominant Position Challenged ... However, according to the report, the yuan currently accounts for just 7% of global foreign exchange trade volumes.

Dollar slips from near three-month highs as traders gauge rate outlook

Gulf Daily News 08 Jun 2023
The euro was last up 0.3% at $1.073 against the dollar - the most traded currency pair in global markets ... The dollar index , which measures the currency against six major peers, was down 0.19% to 103.84 ... Bond yields are key drivers of currencies, with higher rates typically attracting investment.

EUR/USD: Global Borrowing Costs Surge, Putting Pressure on Fed, ECB

FX Empire 08 Jun 2023
Euro remains resilient despite trading near a three-month low. Bank of Canada and Reserve Bank of Australia raise rates, signaling ongoing global surge in interest rates ... The EUR/USD is displaying resilience despite trading near a three-month low ... This development solidifies the euro’s position as the most actively traded currency pair globally.

Dollar hovers near three month highs as traders gauge rates outlook

Reuters 08 Jun 2023
The euro was up 0.1% at $1.071 early in the European session against the dollar - the most traded currency pair in global markets. That helped push the dollar index , which measures the currency against six major peers, down very slightly to 104 ... Meanwhile, the Turkish lira slipped to a record low of 23.39 per dollar in early Asia trading.

Economist Discusses BRICS Currency’s Prospect of Becoming Global Currency

Bitcoin 07 Jun 2023
... in the international monetary system.” ‘BRICS Currency Has a Real Prospect of Becoming Global Currency’ ... In terms of economic weight, the BRICS currency has a real prospect of becoming a global currency if members commit to increasing trade exchange between themselves.

Bitfinex Securities Sponsors Astana Finance Days 2023, Showcasing the Future of Tokenized Securities

Bitfinex 07 Jun 2023
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for digital currency traders and global liquidity providers ... and issuers a regulated, efficient and global solution to tokenized security issuances and secondary market trading.

South African rand weakens on bleak investor outlook

Reuters 07 Jun 2023
JOHANNESBURG, June 7 (Reuters) - The South African rand weakened in early trade on Wednesday after investors warned that the outlook for Africa's most industrialised economy remained bleak despite marginal economic growth in the first quarter ... The dollar was last trading at 104.150, around 0.067% stronger, against a basket of global currencies.

China’s yuan seen as ‘new choice’ for RCEP, may match pound and yen in 10 ...

South China Morning Post 07 Jun 2023
Bank of China report says more than 90 per cent of domestic and foreign firms believe ‘strongly’ using the yuan could steady trade within the Asia-Pacific region as Beijing presses on to increase global use for the currency ... .

Failure of the US Monetary System and the Solution

Scheerpost 07 Jun 2023
In fact, the Biden administration’s war in Ukraine is causing significant erosion in the value of the dollar abroad as countries like Russia, China, Indian, Brazil, and many others, turn to their own national currencies in trade ... This is what is meant by a debt-based currency ... Dozens of communities introduced scrip currency to survive.

Bitcoin briefly recaptures $27k in mixed market performance: CryptoSlate wMarket Update

Cryptoslate 07 Jun 2023
Bitcoin increased by 3.17% and traded at $26,600 as of 07.00 ET ... Over the last 24 hours, Ethereum rose 2.07% to trade at $1,858 as of 07.00 ET ... Global Currency Reserve. GCR increased 44.18% to trade at $1.29 at the time of writing ... ADA is down 4.94% in the last 24 hours and was trading for $0.33 at the time of writing.

US activists are campaigning to remove Cuba from the State Sponsors of Terrorism List

The Real News Network 07 Jun 2023
... banking and trade ... The US government’s ability to enforce its sanctions internationally, a function of the dollar’s supreme position in global trade and banking as the world’s international currency reserve, is precisely what has made the blockade against Cuba so powerful.

Pushback heightens against exorbitant US dollar

Mail Guardian South Africa 06 Jun 2023
Almost everyone talks about moving away from the US dollar as the world’s main currency for trade and finance ... As the global reserve currency, the dollar provided the US with a unique ability to finance its deficits and maintain a higher standard of living than it would otherwise sustain.

CEX.IO Recognized with Three Awards by World Business Outlook and Global Brands Magazine

Enid News & Eagle 06 Jun 2023
The company was also celebrated as “Highly Commended” for the category of “Best Crypto Trading PlatformBeginners” by Finder ... The value of digital and virtual currencies is derived from supply and demand in the global marketplace which can rise or fall independently of any fiat or government currency.

South African rand extends gains ahead of GDP data

Reuters 06 Jun 2023
At 0633 GMT, the rand traded at 19.2300 against the dollar , around 0.17% stronger than its previous close ... The dollar was last trading at 103.830 - around 0.163% weaker - against a basket of global currencies ... BusinesscategoryOil falls as global economic backdrop outweighs Saudi output cut6.23 AM UTC.

AUD/USD Forecast: With Overhead Resistance

MENA FN 06 Jun 2023
(MENAFN - Daily Forex) The aud/usd faced initial downward pressure in Monday's trading session, reflecting global concerns surrounding global economic growth. As a currency highly correlated ... .

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This handout photo released by telegram channel of Belgorod region governor Vyacheslav Gladkov shows the side damaged apartments building near the crater after an explosion in Belgorod, Russia, Friday, April 21, 2023.
AP / Telegram Channel of Belgorod Region Governor Vyacheslav Gladkov