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The dollar’s primacy will not be threatened by sanctions against Russia
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How Do Crypto Exchange Platforms Work: All You Need to Know
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Weakening economic data sends sterling to new lows against dollar and euro
Trading
Dollar moves off lows on heels of inflation data
Sterling steadies near June 2020 low
Date: May 10, 2022
LONDON (Reuters) – The British pound was little changed on Tuesday, pausing after a slide to its lowest levels in nearly two years on signs that a weakening economy will force the Bank of England to slow its interest-rate hiking cycle. At 0825 GMT, the pound was flat against the U.S. dollar at $1.2328, just...
This Is Why Cash Is Dying Out
Date: May 9, 2022
By Latifa Alkhanjary, Kinesis Money Preserving cash at first seems like a project doomed to fail, and one that opposes the progressive, accelerating use of digital currencies, such as crypto. This is leading many to ask if physical cash will survive in the wake of fintech and digitised monetary solutions. The Beginning of Money In...
A pivotal moment for the future of crypto-asset payments in the UK
Date: May 9, 2022
By Joaquin Ayuso de Paul, Head of Nium Crypto Around the world, cryptocurrencies are coming under regulatory pressure, but some exciting developments have come out of the UK in the past few weeks. The British Treasury announced that it intends to bring stablecoins under the Financial Conduct Authority’s (the UK regulator) remit if used for...
U.S. dollar rides to two-decade highs as yields rise
Date: May 9, 2022
By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar climbed to a two-decade high on Monday as rising U.S. Treasury yields prompted hedge funds to add to their bullish bets while the Chinese yuan weakened below 6.77 levels after weak trade data. The latest leg of the dollar’s rise, which began after the Federal Reserve...
Battered sterling falls to fresh lows against dollar
Date: May 9, 2022
LONDON (Reuters) – Britain’s battered pound fell to its lowest level since June 2020 for a third straight day on Monday against a broadly robust dollar. News that Irish nationalist party Sinn Fein won the most seats in the Northern Ireland’s devolved assembly for the first time in elections last Thursday added to the pound’s...
Rouble weakens sharply from over 2-year high vs euro before long weekend
Date: May 6, 2022
(Reuters) -The Russian rouble dropped sharply on Friday, pulling back from a more than two-year high against the euro as the spectre of more sanctions against Moscow hung over markets ahead of a second consecutive long holiday weekend. The European Union’s executive on Wednesday proposed the toughest package of sanctions yet against Russia for its...