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CATEGORY: greenback

Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest $30 an Ounce a Possibility
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 22, 2023 10:30

Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest $30 an Ounce a Possibility

The price of silver fell 2.85% against the U.S. dollar last week. However, taking a broader perspective, the precious metal has made significant gains this year. Over the past six months, silver has risen more than 29% against the greenback, and as of April 22, 2023, it was hovering around $25.08 per ounce. Citi analysts [...]

The post Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest $30 an Ounce a Possibility appeared first on Crypto Breaking News.

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Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 22, 2023 02:10

Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance

According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will not hesitate to punish Chinese companies that violate its Russian sanctions policy. U.S. Ready to Shore up Its Financial [...]

The post Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance appeared first on Crypto Breaking News.

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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 22, 2023 10:30

Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been [...]

The post Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025 appeared first on Crypto Breaking News.

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Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 21, 2023 05:50

Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says

Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that Western sanctions on Russia have highlighted new risks of keeping dollar assets. ‘Dollar Is Debt,’ [...]

The post Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says appeared first on Crypto Breaking News.

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Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 19, 2023 10:30

Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday

Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the cryptocurrency’s overall market capitalization has swelled to $546 billion. Global Cryptocurrency [...]

The post Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday appeared first on Crypto Breaking News.

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Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 17, 2023 10:30

Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July

As of July 17, 2023, fresh data indicates a concerning rise in discrepancies between Binance US’ exchange rates and the global average. Initially, at a mere 2% to 5% in late June, the disparity sharply soared to an astonishing 16% by mid-July. Even though bitcoin lingered just above $30,000 on Monday, its valuation on Binance [...]

The post Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July appeared first on Crypto Breaking News.

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Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 13, 2023 10:30

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the [...]

The post Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency appeared first on Crypto Breaking News.

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XRP Bucks Market Trend as Proponents Remain Optimistic About Lawsuit Outcome
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 05, 2023 10:30

XRP Bucks Market Trend as Proponents Remain Optimistic About Lawsuit Outcome

Although the crypto economy has dipped 1.5% in value over the past 24 hours, XRP, the sixth-largest digital asset by market capitalization, has posted gains recently. In the last week alone, XRP has surged over 10%, and year-to-date, this digital currency has increased by 35% against the U.S. dollar. XRP Defies Market Trends as Network [...]

The post XRP Bucks Market Trend as Proponents Remain Optimistic About Lawsuit Outcome appeared first on Crypto Breaking News.

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