XRP’sXRPprice registered its largest daily return since Dec. 2, rising by 11.92% on Jan. 1, 2025, as Ripple looks forward to Donald Trump’s inauguration on Jan. 20. Meanwhile, on shorter time frames, the XRP/USD trading pair broke above key resistance at $2.30 after testing $2 as ...
Today’s crypto market decline is part of a correction that started during the early New York trading hours on Jan. 7 when BitcoinBTClost the $100,000 level, as two stronger-than-expected US economic data prints quelled the early-year momentum by crypto assets. BTC price dropped as much ...
while Asia is likely to be relatively unscathed, helped by China‘s economic re-opening and policy support. To us, the recent USD strength is more of a multi-week phenomenon than a sustained uptrend. With the Fed
The US Dollar is the most traded currency in the world, accounting for a large percentage of daily currency trade volumes. EUR/USD is the most traded currency pair in the world, largely due to the size of the US and EU economies, but also because the USD is the primary commodity currenc...
USD As a Reserve Currency Effectively, China is buying the present-day reserve currency. Until the 19th century, gold was the global standard for reserves. It was replaced by the British pound sterling. Today, U.S. Treasuries are considered virtually the safest.10 ...
It is easy to appreciate that FX trading involves many risks. Like other asset prices, exchange rates are volatile, so the values of a trader’s or investment manager’s positions change moment-by-moment. But credit risk can be a far more serious, and even fatal, blow to a trading bank...
wholesale market, which has pushed down the price of Brent crude oil. The strengthening of the pound (GBP) against the US dollar (USD), rising from $1.27 to $1.33 USD/GBP between July and September, has also helped lower prices at the pump, as a stronger pound makes oil imports ...
But rallies don’t go on forever. And over the last few weeks, goldGC00has been trading sideways. Christopher Watling, the chief market strategist at Longview Economics, says rising U.S. bond yieldsBX:TMUBMUSD10Yand a suddenly buoyant U.S. dollarDXYhave put a...
3. Interest-rate exposure management across the cycle The ability of MMF managers to adjust the duration – the interest-rate sensitivity – by adjusting the weighted average maturity (WAM) of the portfolio can deliver benefits when rates are rising as well as falling. During periods when rates...
Gold and bitcoin (BTCUSD) have reached multiple all-time highs this year, though the digital currency has gained about 125% so far in 2024 while the precious metal is up 30%. The digital currency has soared in particular since the presidential election as investors expect the incoming Trump ...