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Dollar rises towards 20-year high, euro dips after weak data
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Dollar on track for best month since 2015
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Dollar on track for best month since 2015
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Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan
Could Putin be exploring crypto to bypass western sanctions and does this count against the long-term prospects of crypto?
Date: April 27, 2022
By Henry Chambers, Senior Director, Disputes and Investigations at Alvarez & Marsal A great deal of debate has been taking place over the last few weeks as to whether Russian companies and individuals could use cryptocurrencies, such as bitcoin, as an alternative currency for transacting with and, indeed, whether this could bypass the western sanctions...
Analysis-Euro peers over the cliff at dollar parity as recession looms
Date: April 27, 2022
By Saikat Chatterjee LONDON (Reuters) – The euro’s drop to a five-year low is rekindling the possibility the currency will reach parity versus the dollar for the first time in two decades, as fears of a euro zone recession encourage investors to pile on the bearish bets. Russia’s move to cut off gas supplies to...
Sterling edges up from 21-month low vs dollar
Date: April 27, 2022
(Reuters) -Sterling edged up from a new 21-month low against the dollar hit earlier on Wednesday after Britain’s weak economic outlook and higher than expected government borrowing dented the Bank of England’s (BoE) monetary tightening narrative. Money markets have been scaling back bets on the size of BoE rate hikes, pricing in 144 basis points...
Dollar jumps on China growth fears, yen rebounds before BOJ meeting
Date: April 26, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively hike rates boosted demand for the greenback. The Japanese yen also rebounded as investors speculated that the Japanese central bank or government may act to stabilise...
“The irresistible rise of digital assets – how consumer demand is driving crypto”
Date: April 26, 2022
By Manuel Silva Martinez, General Partner at Mouro Capital Like every other groundbreaking idea in fintech, the public’s enthusiastic embrace of digital assets has been a classic question of the chicken and the egg. What came first, new technology or customer demand for it? The answer is probably a bit of both. Customer habits have...
Britain says EU will struggle to shift euro clearing from London
Date: April 26, 2022
By Huw Jones LONDON (Reuters) – Britain’s financial services minister said on Tuesday that the European Union would find it hard to replace London for clearing trillions of euros in derivatives, and that the limited shift in activity so far was not gathering pace. After Britain left the bloc, Brussels said it wants to build...