Financial markets showed a divided response to U.S. President Donald Trump’s first day in office, as investors balanced the absence…
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Latest in currency
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Vietnam Maritime Corp. Eyes Aggressive Growth Despite Potential Tariffs from Trump Administration
by Barbaraby BarbaraA rate cut by the European Central Bank (ECB) next week is practically assured, with the likelihood of additional reductions…
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EUR/JPY Extends Gains as Market Sentiment Remains Positive Ahead of BoJ Rate Decision
by Barbaraby BarbaraThe EUR/JPY currency pair continued its upward momentum, reaching close to 163.05 during early European trading hours on Thursday. This…
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Kalshi Expands into Sports Betting Nationwide, Taps Donald Trump Jr. as Advisor
by Barbaraby BarbaraKalshi, the prediction market platform known for allowing users to bet on a wide array of events, has announced its…
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The British Pound (GBP) has dropped into a crucial support zone this week, finding itself between 1.2084 and 1.2114—a level…
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CME Group’s foreign exchange (FX) trading volumes surged in 2024, reflecting a 10% increase in international markets, driven by heightened…
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Rouble Weakens Against Dollar and Yuan Despite Rising Oil Prices and Forex Sales
by Barbaraby BarbaraMOSCOW, Jan 13 (Reuters) – The Russian rouble saw a decline against both the U.S. dollar and China’s yuan on…
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Bitcoin surged past the $109,000 mark early Monday, reaching a new all-time high, signaling a week filled with potential market…
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JPMorgan Chase & Co. strategists forecast that US companies will outperform their European counterparts in profit growth this earnings season,…
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Indian Rupee Edges Higher, Supported by RBI Intervention and Lower Crude Prices
by Barbaraby BarbaraThe Indian Rupee (INR) gained slight traction on Thursday, supported by likely intervention from the Reserve Bank of India (RBI),…
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Currency refers to a medium of exchange that is widely accepted within a specific country or region for transactions of goods, services, and financial assets. It is a form of money that serves as a unit of account, store of value, and a medium for exchange. Currencies are typically issued and regulated by central banks or monetary authorities of respective countries. They come in various forms, including coins and banknotes, and are represented by unique symbols, abbreviations, and codes. Examples of currencies include the United States Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP), among others.