Tag: currency
What are old pound coins made of?
Jennifer -
Old pound coins have been a part of everyday transactions for decades, serving as a symbol of economic stability and financial transactions. However, as...
Asia FX Remains Stable, Dollar Holds Firm as Expectations for June Rate Cut Fade
Jennifer -
Asian currencies maintained narrow trading ranges on Monday, while the dollar stabilized following a robust nonfarm payrolls report that led traders to significantly reduce...
Asian Stocks Display Mixed Performance; Nikkei Rebounds, China Faces Property Market Woes
Jennifer -
The Asian stock markets presented a mixed picture on Monday, with Japanese markets rebounding from significant losses observed last week, while Chinese stocks experienced...
Dollar Recovers, But Weekly Loss Looms Following Robust Job Growth Data
Jennifer -
The dollar exhibited strength, albeit still poised for a weekly decline, following a blowout in job growth figures for March, potentially delaying anticipated interest...
SkyBridge Capital’s Anthony Scaramucci Maintains Bullish Outlook on Bitcoin, Forecasts $170,000 Price
Jennifer -
Anthony Scaramucci, the founder of SkyBridge Capital, remains optimistic about Bitcoin's future trajectory despite its recent retreat from its all-time high of $74,000. This...
Genesis Purchases $2.1 Billion in Bitcoin Following GBTC Share Sale
Jennifer -
In a strategic move aimed at addressing financial woes, troubled crypto lending firm Genesis has reportedly acquired $2.1 billion worth of Bitcoin (BTC) after...
Zimbabwe Introduces Gold-Backed Currency to Address Inflation
Jennifer -
Zimbabwe has embarked on a significant initiative to tackle its persistent currency challenges with the introduction of a new foreign exchange and gold-backed "structured...
Iran’s Currency Plummets Following Israeli Air Strike
Jennifer -
Iran's currency, the rial, experienced a significant drop on Saturday, hitting yet another historic low by plummeting to 653,000 rials per US dollar, amidst...
Why do spreads widen in forex?
Jennifer -
In the fast-paced world of forex trading, spread widening is a common occurrence that can impact trading costs and profitability. Understanding why spreads widen...
What is ask in forex?
Jennifer -
In the vast and intricate landscape of forex trading, understanding the ask price is paramount for traders aiming to make informed decisions and execute...
How does spread affect profit in forex?
Jennifer -
In the dynamic world of forex trading, understanding the spread is crucial for traders looking to maximize profits and minimize costs. The spread, which...
Is the dollar in danger of collapse?
Jennifer -
Throughout history, there have been instances of currency collapses that have had significant economic and social repercussions. Examples include the German hyperinflation of the...