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Currency markets yield to dollar demand G-10 and EM currencies yield to dollar demand. The recent rise in US yields is responsible for crystallising USD strength, and this appears to have been accentuated by comparatively strong data flow in the US. But next week's US Trade Roadshow to China, which includes the President's " champions of ...
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Avaloq acquires 10% stake in Swiss blockchain and crypto-currency specialist Metaco Swiss fintech leader Avaloq has acquired a 10% stake in Metaco, the Lausanne-based blockchain and crypto-currency specialist. The acquisition, which is part of Metaco's second round of funding, will see Francisco Fernandez, Avaloq's founder and Group Chairman, join Metaco's Board of Directors.
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Australian dollar drops almost 3 per cent in a week The Australian dollar has moved sharply lower over the past week and could fall to fresh 2018 lows against the US dollar if investors continue to bid up the greenback, but senior currency traders remain sanguine about the longer-term outlook for the Aussie. Since April 18, the Aussie is down as much as ...
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Alt Coins struggle during Wednesday crypto currency selloff Alt coins fell rather hard during the session on Wednesday as both Bitcoin and Ethereum unwound, so of course you would expect to see very pressure over here. These less liquid crypto currencies tend to move much more rapidly in the same direction, so therefore the movement can be much more ...
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