Cryptocurrency investors could 'lose all their money,' UK regulator warns as Bitcoin price drops from all-time high - Business Insider

Cryptocurrency investors could 'lose all their money,' UK regulator warns as Bitcoin price drops from all-time high  Business Insider

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Next Week’s Menu: August 28 – September 3, 2001

Central Banks: The annual Jackson Hole central bank symposium ends on August 28. Chilean monetary policy will be reviewed at the Central Bank of Chile. Atlanta Fed President Bostic speaks publicly. Holiday: U.K. late summer bank holiday on Monday. Purchasing Manager Surveys: Results of over 40 August surveys covering manufacturing and services to be reported. […]

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Next Week’s Menu: August 21 – 27, 2021

Central Banks: Monetary policies will be reviewed in Iceland, Poland, Hungary, South Korea, and Israel. Special Event: The Kansas City Fed’s annual central banking symposium in Jackson Hole, Wyoming runs from August 26th through 28th. Scheduled U.S. Data Releases: Quarterly GDP. Monthly personal income, spending and PCE price deflator, Kansas City Fed and Richmond Fed […]

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Equities, Sovereign Debt Yields, and Commodity Prices Higher, while Dollar Softens at Start of New Week

Ahead of the Jackson Hole annual central banking symposium at the end of this week, investors have become more hopeful than last week. Whether bond buying starts to taper this year or in early 2022, it will be quite a while longer before the federal funds target is raised. Second-quarter earnings were good, Equities closed […]

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Marking Time as Drama at Jackson Hole and Kabul Unfold

The St. Louis and Kansas City Federal Reserve District presidents, who represent predominately Republican regions of the United States, publicly expressed their personal desires to see quantitative tapering begin this autumn, and Bullard of St. Louis added his hope that an interest rate hike be done before the end of 2022. The annual central banking […]

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GBP/AUD Forecast: Pound Australian Dollar Exchange Rate Edges Higher as ‘Aussie’ Sours

The Pound to Australian Dollar (GBP/AUD) exchange rate has edged higher this morning despite the release...

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Pound US Dollar (GBP/USD) Exchange Rate Edges Higher as US Manufacturing PMI Underwhelms

GBP/USD Exchange Rate Rises as US Manufacturing Growth Cools The Pound US Dollar (GBP/USD) exchange rate edged higher today following yesterday’s lacklustre US ISM manufacturing PMI for July, which fell below forecasts from 60.6 to 59.5, sparking concerns for the world’s largest economy. The pairing is currently...

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Dynamic Currency Conversion (DCC) Definition - Investopedia

Dynamic Currency Conversion (DCC) Definition  Investopedia

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Cryptocurrencies, stablecoins and central-bank digital currencies are all the rage. We break down what they are and what you need to know about them - Business Insider

Cryptocurrencies, stablecoins and central-bank digital currencies are all the rage. We break down what they are and what you need to know about them  Business Insider

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Bitcoin falls 11% after report suggests a critical flaw in the cryptocurrency called 'double spend' may have occurred - Business Insider

Bitcoin falls 11% after report suggests a critical flaw in the cryptocurrency called 'double spend' may have occurred  Business Insider

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GBP/NZD Forecast: Pound New Zealand Dollar Exchange Rate Dips Despite Disappointing New Zealand Business Confidence

The Pound to New Zealand Dollar (GBP/NZD) exchange rate has dipped this morning as NZD finds support in the latest dovish Federal Reserve interest rate decision from the US. At the time of writing the GBP/NZD pairing are trading around the NZ$1.9952 level as Sterling relies on coronavirus developments to drive movement in the...

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Pound Euro Exchange Rate Dips as UK Covid-19 Fears Weigh on Sterling

GBP/EUR Exchange Rate Falls, Delta Variant Uncertainty Weakens UK Market Confidence The Pound Euro (GBP/EUR) exchange rate dipped by 0.4% today as growing uncertainty over the Delta variant of the coronavirus weakens confidence in the UK’s economic recovery. The pairing is currently trading around €1.16. Today saw...

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GBP/EUR Exchange Rate Forecast: Pound Euro Exchange Rate Mixed on Inflation Rate Data

The Pound Euro (GBP/EUR) exchange rate has been trading in a mixed range since markets opened this morning as inflation rate figures from both the UK and Eurozone caused volatility in the pairing. The GBP/EUR pairing are currently trading around the 1.1735 level as both currencies look towards any further coronavirus developments to drive...

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No deals made at wrong P42:$1 exchange rate because of holiday—BSP - INQUIRER.net

No deals made at wrong P42:$1 exchange rate because of holiday—BSP  INQUIRER.net

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Visa will allow the use of a dollar-backed cryptocurrency to settle payment transactions on its network - Business Insider

Visa will allow the use of a dollar-backed cryptocurrency to settle payment transactions on its network  Business Insider

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Pound Euro Exchange Rate Dips as UK Factories Face Shortages and Rising Costs

GBP/EUR Exchange Rate Falls as UK Economic Uncertain Weighs on Sterling The Pound Euro (GBP/EUR) exchange rate dipped today following reports that UK factories are facing shortages and rising costs, despite factory output remaining strong in July. The pairing is currently trading around €1.16. Today’s UK Markit...

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Markets haven't yet priced in a Biden win and so the dollar still has plenty of room to weaken, Deutsche Bank says - Business Insider

Markets haven't yet priced in a Biden win and so the dollar still has plenty of room to weaken, Deutsche Bank says  Business Insider

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Pound Australian Dollar (GBP/AUD) Exchange Rate Soars as ‘Aussie’ Struggles For Direction

The Pound Australian Dollar (GBP/AUD) exchange rate has soared this morning as the Australian Dollar continues to struggle against a sour market mood and the strength of the US Dollar. Despite a lack of economic data from the UK, Sterling continues to rise as Scotland’s freedom day from coronavirus arrives. At the time of writing the...

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Bank of Mexico Officials Implement Second Straight 25-Basis Point Hike of Overnight Interbank Rate

The 25-basis point interest rate increases in June and now reverse cuts last February and September, and the new rate level of 4.5% becomes the highest in a year but well below the pre-pandemic level of 7.25%. A statement from the Bank of Mexico foresees a danger of inflation tracking above its baseline forecast because […]

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A Stew of Concerns about Climate Change, Covid, and the Fed Possibly Tapering Soon

A UN-sponsored study by scientists claims it is already too late to prevent significant further climate disruptions in the next couple of decades. In the United States, fires continue to rage, and the Pacific Northwest braces for another heat blast. Newly identified daily Covid cases in the United States have exceeded 100k for five straight […]

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Facebook-backed digital currency Diem is planning to trial this year, report says - Markets Insider

Facebook-backed digital currency Diem is planning to trial this year, report says  Markets Insider

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Next Week’s Menu: August 7 – 13, 2021

Central Banks:  Monetary policy reviews scheduled in Peru, Mexico, Turkey, Serbia, Belarus, and the Philippines. Monday Holidays: Mountain Day in Japan and Women’s Day in South Africa. Scheduled U.S. Data Releases: Quarterly productivity and unit labor costs. Monthly consumer prices, import prices, federal deficit, employment trends index, JOLTS index, NFIB small business sentiment index, and […]

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GBP USD Forecast Pound to US Dollar Exchange Rate Weakens as Non-Farm Payrolls Impress

The Pound to US Dollar (GBP/USD) exchange has weakened today as a lack of economic data from the UK does little to support the appeal of Sterling heading into the weekend. At the time of writing the GBP/USD pairing are trading at around $1.3912 as a sour market mood bolsters the appeal of the ‘Greenback’ as the latest non-farm payroll...

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A Steller Jobs Report

The U.S. July employment situation improved more rapidly than anticipated, encouraging speculation that Fed tapering will begin sooner and transpire more quickly than monetary officials have been implying. Non-farm payroll jobs jumped 943k last month, and employment rises in May-June was revised 119k higher. That puts the July level of jobs 192k above what analysts […]

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Dollar Strengthening after Solid U.S. Employment Report

The DXY weighted dollar index advanced 0.4% overnight but, at 92.58, remains well inside its 52-week range of 89.21 – 94.74. The dollar’s overnight advance has been broadly spread, with gains of at least 0.3% against the euro, yen, Aussie dollar, Swiss franc and sterling. The U.S. July employment situation improved more rapidly than anticipated, […]

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Citi says bitcoin could become the currency of global trade in a 'massive transformation' - or it could implode - Business Insider

Citi says bitcoin could become the currency of global trade in a 'massive transformation' - or it could implode  Business Insider

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Lacking Much Direction

The dollar drifted lower overnight, losing 0.4% against the peso and kiwi, 0.2% versus the Swiss franc, yen, Aussie dollar and sterling, and 0.1% relative to the euro and weighted DXY index. The dollar is unchanged against the yuan and 0.6% firmer against the Turkish lira. At an intra-day low of 1.15% and 1.17% currently, […]

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Miami could become the crypto capital of the world, with help from its large expatriate population, say finance experts - Business Insider

Miami could become the crypto capital of the world, with help from its large expatriate population, say finance experts  Business Insider

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Dollar Up 0.2% Against Euro, yen and Weighted index on Final Business Day of July

The U.S. currency also climbed overnight by 0.3% against sterling and 0.1% relative to the Swiss franc. However, equities have dropped, especially in Japan (-1.8%), Hong Kong (-1.4%), New Zealand (-1.2%), Spain and Taiwan (each down 0.9%), but also in Indonesia (-0.8%), the U.S. (Nasdaq -0.6% and S&P 500 down 0.4%), the U.K. (-0.5%) and […]

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GBP/CAD Exchange Rate Steady as Doctors Warn of ‘Devastating Consequences’ as UK is Set to Ease Lockdown Measures

GBP/CAD Exchange Rate Rangebound as UK Faces Division Over Easing of Lockdown Restrictions The Pound Canadian Dollar (GBP/CAD) exchange rate held steady today after several senior doctors warning Prime Minister Boris Johnson of ‘potentially devastating consequences’ from the lifting of lockdown restrictions in...

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Interest Rate Hikes in Hungary and Kyrgyzstan

A 30-basis point increase in the National Bank of Hungary’s base rate to 1.2% was larger than what analysts were predicting and represents the second such hike in a month. Magyar Nemzeti Bank’s overnight deposit rate was increased from -0.05% to +0.25%. The base rate level is now at its highest level since early 2016. […]

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