investing
Investing
Euro falls to two-year low after PMI data plunges
Investing
Sterling falls to 6-month low after weak UK retail sales
Investing
Dollar climbs to 13-month peak, bitcoin eyes $100,000
Investing
Morning Bid: Bitcoin watch party rages on as PMIs loom
Gold surges and euro sags as broader war risks rise
Date: November 22, 2024
By Tom Westbrook SINGAPORE (Reuters) – Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine. The risk of escalation also sent European gas prices to...
Dollar hugs 13-month peak as market awaits next Fed cue
Date: November 22, 2024
By Brigid Riley TOKYO (Reuters) – The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve’s interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level. The yen, meanwhile, held its ground against the greenback...
Bitcoin’s wild ride toward $100,000
Date: November 22, 2024
(Reuters) – Bitcoin neared $100,000 for the first time on Thursday as the election of Republican Donald Trump as president fuelled expectations that his administration will create a friendly regulatory environment for cryptocurrencies. The world’s biggest and best-known cryptocurrency has more than doubled from this year’s low of $38,505 and is up about 45% in...
Dollar rises after claims data, bitcoin continues rally
Date: November 22, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar rose to a 13-month high in choppy trading on Thursday as investors assessed the latest labor market data and comments from Federal Reserve officials for the path of interest rates, while bitcoin continued its march toward the $100,000 level. Weekly initial jobless claims dropped 6,000 to a...
Stocks muted after Nvidia’s lackluster results, bitcoin eyes $100,000
Date: November 21, 2024
By Medha Singh and Ankur Banerjee (Reuters) –Global stocks eased on Thursday after AI bellwether Nvidia’s revenue growth forecast failed to excite investors, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about U.S. President-elect Donald Trump’s policies. Rising tensions this week in the 33-month-old war between Ukraine and Russia weighed...
Sterling sags as ‘Trump bump’ lifts dollar
Date: November 21, 2024
By Amanda Cooper LONDON (Reuters) – The pound eased modestly against the dollar, which held firm on Thursday, as investors remained laser-focused on who President-elect Donald Trump’s Treasury Secretary pick might be and what that might mean for his policies on growth, trade and taxes. With the dollar in the ascendant, sterling wilted, last down...