Signs of Economic Recovery and Monetary Policy Patience

Overnight dollar movements were mostly down but slight in magnitude. The U.S. currency slid 0.4% against the Mexican peso, 0.3% relative to the New Zealand dollar, 0.2% versus the yen, and 0.1% against the euro, Aussie dollar, loonie and yuan. The dollar also rose 0.5% versus the Turkish lira and 0.3% against sterling. Relative to […]

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XRP jumps 15%, while bitcoin and ether trade near record highs as Tesla, BNY Mellon and Mastercard warm to cryptocurrencies - Business Insider

XRP jumps 15%, while bitcoin and ether trade near record highs as Tesla, BNY Mellon and Mastercard warm to cryptocurrencies  Business Insider

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Turkish crypto exchange Thodex CEO missing, users fear millions stolen - Markets Insider

Turkish crypto exchange Thodex CEO missing, users fear millions stolen  Markets Insider

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Bitcoin could quadruple in 2021 as the digital currency sees a rally similar to 2017, Fundstrat's Tom Lee says - Business Insider

Bitcoin could quadruple in 2021 as the digital currency sees a rally similar to 2017, Fundstrat's Tom Lee says  Business Insider

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What will Cuba’s new single currency mean for the island? - Al Jazeera English

What will Cuba’s new single currency mean for the island?  Al Jazeera English

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Why the Turkish lira is in free fall - DW (English)

Why the Turkish lira is in free fall  DW (English)

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GBP/AUD Forecast: Pound Australian Dollar Exchange Rate Firms after UK Unemployment Falls

The Pound to Australian Dollar (GBP/AUD) exchange rate has firmed this morning after UK unemployment edged lower during May. At the time of writing the GBP/AUD pairing are trading around the AU$1.8321 level as the latest Reserve Bank of Australia (RBA) meeting minutes did nothing to support the ‘Aussie.’ Pound (GBP) Mixed...

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Winklevoss twins' crypto exchange adds 7 new tokens to its platform - Markets Insider

Winklevoss twins' crypto exchange adds 7 new tokens to its platform  Markets Insider

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Brazilian Central Bank Rate Hike

The Central Bank of Brazil’s Selic interest rate as expected was raised by 75 basis points to 4.25%. That move had been expected and follows similar incremental moves undertaken in March and May. A released statement moreover signals another 75 basis point hike at the committee’s next scheduled review and a likely rate level of […]

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Powell’s Press Conference

Financial markets exhibited their sharpest movement of the day during the first half of Chairman Powell’s one-hour press conference. Little transpired in that half hour that was particularly illuminating, and so it appears investors were merely responding to the updated forecasts that show the fed funds rate starting to climb out of the cellar in […]

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Pound Euro Exchange Rate Steady as German Factory Orders Fall Below Forecasts in April

GBP/EUR Exchange Rate Rangebound on ‘Soft’ German Factory Data The Pound Euro exchange rate held steady today following the publication of the latest Germany factory orders for April, which fell below forecasts at -0.2%. The pairing is currently fluctuating around €1.16. The Euro (EUR) suffered from the...

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Elon Musk said Tesla sold bitcoin to show it's a good cash alternative - Markets Insider

Elon Musk said Tesla sold bitcoin to show it's a good cash alternative  Markets Insider

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GBP/CAD Forecast: Pound to Canadian Dollar Exchange Rate Heads Higher on UK Retail Sales Figures

The Pound to Canadian Dollar exchange rate (GBP/CAD) is heading higher today following the release of the latest retail sales from the UK. The GBP/CAD pairing are currently trending at around CA$1.7149 as Canadian Dollar investors await the latest retail sales from Canada later today. Pound Sterling (GBP) Exchange Rate Heads...

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Norway is testing a central bank digital currency after years of research - Markets Insider

Norway is testing a central bank digital currency after years of research  Markets Insider

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Pound Japanese Yen Exchange Rate Edges Higher as Japanese Economy Suffers from Nation’s Covid-19 Vaccine Delay

GBP/JPY Exchange Rate Rises as Japanese GDP Data Disappoints The Pound Japanese Yen (GBP/JPY) exchange rate rose today after the Japanese economy shrank more than expected because of high rates of Covid-19 in Japan earlier this year. The pairing is currently trading around ¥154.79. The Japanese Yen (JPY) suffered...

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America's oldest bank will start transacting bitcoin for clients as the cryptocurrency's popularity explodes, report says - Business Insider

America's oldest bank will start transacting bitcoin for clients as the cryptocurrency's popularity explodes, report says  Business Insider

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GBP/ZAR Forecast: Pound to South African Rand Exchange Rate Heads Higher on Disappointing South African Retail Sales

The Pound to South African Rand (GBP/ZAR) exchange rate has headed higher this morning following disappointing retail sales data from South Africa. The GBP/ZAR pairing are currently trending at around 19.90 as the Pound’s gains are capped over Indian variant coronavirus concerns. Pound Sterling (GBP) Exchange Rate Limited...

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China softens tone on bitcoin, calling it an 'investment alternative' after years of cracking down on crypto - Markets Insider

China softens tone on bitcoin, calling it an 'investment alternative' after years of cracking down on crypto  Markets Insider

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