europefx

Key Takeaways: Emerging economies are facing challenges from a strong U.S. dollar and high Treasury yields. Weaker currencies, increased costs, capital flight, and slowing growth are common issues in emerging markets. U.S. government’s proposed trade policies add to the uncertainty EM countries face. Brazil and China are taking different monetary and … Read more

Key Takeaways Bitcoin surged to a record high above $106,000 in early Asian trade President-elect Donald Trump plans to create a U.S. bitcoin strategic reserve Bitcoin hit a high of $106,533 with smaller crypto ether rising nearly 3% to 4,014 Trump aims for the U.S. to lead in cryptocurrency and not … Read more

Key Takeaways: Bitcoin surged past $105,000 on December 15, setting a new all-time high. President-elect Donald Trump plans to create a U.S. bitcoin strategic reserve Speculation about Bitcoin becoming a U.S. reserve asset contributed to the price increase. Trump aims to have the U.S. as a leader in crypto to compete … Read more

Key Takeaways Bitcoin reached a record high of over $105,000 in early Asian trade The price surge was attributed to news of Trump potentially establishing a bitcoin strategic reserve fund Analysts suggest the next target for the market is $110,000 Investors are increasingly showing interest in the cryptocurrency market The … Read more

Key Takeaways: Iranian currency hits new all-time low against the U.S. dollar Rial plunges to 756,000 to the dollar on the unofficial market Iranians seek safe havens for savings in dollars, hard currencies, gold, or cryptocurrencies Dollar gains against the rial amidst concerns of tougher sanctions and nuclear tensions Trump … Read more

Key Takeaways: President Yoon Suk Yeol impeached by South Korea’s parliament after refusing to resign over martial law attempt Impeachment due to attempt to impose martial law last week President is accused of violating the constitution and the law Prime Minister will take over the president’s duties temporarily Street protests … Read more

Key Takeaways: Yellen is considering further sanctions on "dark fleet" tankers to reduce Russia’s oil revenue Possibility of sanctions on Chinese banks to hinder transactions related to Russia’s war effort Communication channels with China aim to address financial stability and crisis management China has been pushing up its yuan’s value against … Read more

Key Takeaways: Euro may see short-term relief if post-December weakness in dollar occurs Dollar tends to weaken after December FOMC meeting January seasonality typically more bullish for USD Euro has been under pressure against the dollar Bank outlined potential scenarios for EUR/USD pair in 2025 French President Macron named … Read more

Key Takeaways: Trump administration won’t welcome Chinese currency manipulation China denies being a currency manipulator Symbolic designation of China as a currency manipulator in 2019 China considering allowing yuan to weaken in response to potential US trade tariffs Trump could escalate tariffs further if China weakens its currency Peter … Read more

Key Takeaways US dollar is heading towards its best week in a month Dollar index tracks greenback against a basket of currencies, up 1% for the week US policy easing expectations decrease, pushing dollar higher Sterling hit by weak GDP growth, showing a 0.1% contraction in October Eurozone rates may … Read more