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As Treasury Yields Surge, Funds Stick to Asian Currency Bets The Bloomberg-JPMorgan Asia Dollar Index, which tracks the region's 10 most active currencies, has gained 1.6 percent this year, while the greenback lost around 3 percent. While the two-year Treasury yield has advanced 26 basis points since the start of 2018 and the 10-year has soared 45 basis ...
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Over $60 billion wiped off value of cryptocurrencies as bitcoin drops below $8000 again The price of bitcoin traded as low as $7,598.20 on Monday and sat below the $8,000 mark for most of the morning's trade, according to CoinDesk. It's the lowest price for bitcoin since November 18. CoinDesk's bitcoin price index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and ...
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Russia to up daily foreign currency purchases to record high Russia's Finance Ministry said it would increase its daily purchases of foreign currency for state reserves to the equivalent of 15.7 billion rubles ($277.39 million) between February 7 and March 6, a record high. According to the ministry, in the preceding period, from Jan. 15 to Feb. 6, the ministry planned ...
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Kazakhstan stock exchange currency trade on Feb.5 The afternoon foreign currencies trading session ended on Kazakhstan Stock Exchange (KASE). Twenty five banks participated in the trades, Kazakh Stock Exchange said in a message. The US dollar weighted average rate with settlements T+0 (immediate settlement) in tenge made KZT 322.25 per US ...
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Dollar's rebound fizzles despite jobs data boost The U.S. currency remains higher than a four-month low of 108.280 yen reached on Jan. 26. While analysts broadly expect the euro to gain against the dollar, some see the return of the greenback's sensitivity to domestic economic news. "Will the market really recognize the error of its ways - i.e., the ...
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Lloyds Bank in Bitcoin crackdown: credit card owners banned from buying cryptocurrency Britain's biggest bank has become the first to announce a ban on customers using credit cards to buy Bitcoin amid fears they could run up huge losses. Lloyds Banking Group will on Monday tell its 9 million credit card customers that it will block any attempts to buy Bitcoin after the digital currency lost ...
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Currency Hedging: Re-Examining Costs After 5 Rate Hikes As we transition from the Yellen Fed to the Powell Fed, we thought it could be instructive to re-examine the cost of hedging foreign currencies versus the U.S. dollar. Despite moves to the contrary this year, divergence in monetary policy can have a strong impact on the future direction of exchange rates.
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