Search result for currency
U.S. employment data boosts the dollar and yields, and gold prices fall.
On Thursday, gold prices dipped as the U.S. weekly jobs data suggested a tight labor market, which could keep the Fed on its rate-hiking cycle and support the currency and Treasury yields.
At 3:23 p.m. ET on Thursday, spot gold had fallen to $1,836.39 per ounce after gaining in each of ...
Singapore Central Bank’s Guidelines Discourage Crypto Trading
On Monday, the Monetary Authority of Singapore issued guidelines limiting the promotional activities of the cryptocurrency trading service providers for the general public. The MAS intends to protect retail investors from potential risks by doing so.
Singapore is home to a number of cry...
PBOC RAISE RESERVE REQUIREMENT RATIO FOR FOREIGN CURRENCY DEPOSITS
Highlights –
- PBOC raise reserve requirement ratio for foreign currency deposits.
- Chinese currency renminbi (RMB) remains high against the U.S. dollar.
- RMB has likely experienced some overshooting against the U.S. dollar.
- RM...
INDIA'S FOREX RESERVES RISE TO USD 589.465 BILLION
HIGHLIGHTS
- India's Forex Reserves have risen to US $ 589.465 billion.
- FCA of India have also increased.
- In the same period, the Gold Reserves of India also increased.
India's foreign exchange (Forex) reserves have ...
PETER SCHIFF: GRAYSCALE WILL SELL BTC TO FUND BUYBACK OF GBTC
Highlights:
• Peter Schiff does not think bitcoin is of any value
• The statements about Grayscale selling its BTC has been refuted by the company <...
GEEK GROUP OFFICIALS INDICTED; 2 YEARS AGO THE GROUP SHUT DOWN POST A RAID
Highlights:
• The Geek Group is now defunct
• Indicted individuals will face consequences if convicted.
Geek Group was raided two years ago for illegally transacting money in lieu of bitcoin. It was alleged that the group...
INDIAN GOVT. FIRM ON BANNING CRYPTOCURRENCIES
Highlights:
- The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 will be introduced in the budget session
- Investors are likely to be given 6 months to take care of their cryptocurrencies
India's stand on cryptocurrencies remai...
GEMINI-GENESIS TIE-UP; CUSTOMERS MAY EARN 7.4% APY
Highlights:
• Gemini is a cryptocurrency exchange keen on retaining its customers
• The partnership with Genesis is a strat...
INDIAN GOVT. LOOKING AT BANNING CRYPTOCURRENCIES VIA BILL
Highlights:
• Reserve Bank of India is looking at setting up a framework to launch digital currencies
• Risks of the crypto...
BITCOIN OPTIONS WILL EXPIRE ON 29 JANUARY 2021
Highlights
- Bitcoin is still bullish
- The current Bitcoin options are offered by Deribit
Bitcoin options are expiring soon. On the expiration date, which is at the end of this month, Bitcoin options worth $3.7 million expire. The expir...
IRAN FACES BLACKOUTS DUE TO BITCOIN MINING
Highlights:
- Iranian authorities hold cryptocurrency mining as the reason for power outages
- Authorities seize ASIC mining machines.
Bitcoin leads the tally when it comes to cryptocurrencies. This led to its illegal mining in Iran. It came to light aft...
FCA: INVESTORS IN CRYPTOCURRENCIES MAY LOSE ALL
Highlights:
- Financial authorities uneasy about investors investing in cryptocurrencies
- Cryptocurrency market prices are highly volatile and insecure
With more investors joining the fray of investing in the digital currency market, financial regulator...
BITCOIN PLUNGES 21%, WORST DIP SINCE MARCH 2020
Highlights:
- Bitcoin is one of the top trading cryptocurrencies
- The slide of Bitcoin is looked upon by some as a correction phase.
The cryptocurrency market has been unstable since the pandemic hit. On Sunday and Monday, one of the biggest digital cur...
U.S. ONCE AGAIN PUTS INDIA ON THE CURRENCY MANIPULATION WATCHLIST
Highlights
• This moves came after continuous dollar purchases made by the Reserve Bank of India that resulted in its forex reserves going up by $100 billion in this financial year
• Recently the U.S. Treasury Department labeled Switzerland and Vietnam as currency ma...
U.S. DESIGNATES SWITZERLAND AND VIETNAM AS CURRENCY MANIPULATORS
Highlights
• The U.S. Treasury Department labeled Switzerland and Vietnam as currency manipulators and has decided to keep China on a watch list
• As per the Treasury, Switzerland was judged to have intervened in the currency market by more than was necessary to addr...
JAPANESE COMPANIES TO LAUNCH TESTS TO CREATE INFRASTRUCTURE FOR CASHLESS PAYMENTS
Highlights –
- Japanese companies to launch tests to create infrastructure for cashless payments.
- More than 30 major companies will launch the tests from fiscal 2021.
- Japan’s three megabanks and East JR Co. issued smart card to ex...
FITCH RATING AGENCY LOWERED ITS CREDIT OUTLOOK ON JAPAN’S FOREIGN CURRENCY DEBT
Highlights –
- Fitch rating agency lowered its credit outlook on Japan’s foreign currency debt.
- The agency lowered its rating to negative from stable.
- The COVID-19 crisis raised the country’s debt.
- Japan’s ...
RBI DIRECTS YES BANK'S IBU TO STOP ACCEPTING FOREIGN CURRENCY DEPOSITS
Highlights
• The Mumbai-based private sector lender is hoping to raise Rs 15,000 crore with the help of the FPO
• The letter dated May 22, the RBI asked IBU to comply with the restriction within the period of 12 months
• The RBI on many instances had f...
NORTHERN TRUST USES AI FOR CURRENCY MANAGEMENT
Highlights:
- Northern Trust has announced that it will be deploying Artificial Intelligence to use machine learning technologies for its foreign exchange currency management solutions.
- This will enable greater oversight of thousand of daily data points...
FIRST EVER UAE CURRENCY EXCHANGE SERVICE LAUNCHED BY PINGPONG PAYMENTS
Highlights:
- PingPong payments launch its first-ever UAE currency exchange service for the US and the global merchants.
- The PingPong payments do cross-border payments processing and provide currency exchange services.
- More than 42,000 ...