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2 mins read

Russia is turning to crypto as sanctions snarl payments, report says

Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment …

Filip De Mott   


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2 mins read

Powell's rate-cut signal hits the US dollar — but strong stock markets could limit the blow, says Goldman Sachs

Strong US stock market performance could limit the dollar's downside — even if the Fed is easing, a…

Huileng Tan   


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3 mins read

5 reasons the strength of the US dollar is here to stay through end of the decade

Ed Yardeni dismissed the growing narrative of de-dollarization, noting that there's a host of reaso…

Matthew Fox   


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2 mins read

Here's why gold prices could climb even higher from current record levels

Gold prices hit a fresh record high, above $2,500 an ounce recently — making standard gold bars wor…

Huileng Tan   


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2 mins read

Rupee recovers 5 paise from all-time low to 83.65 against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.66, and touched an early …

PTI   


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1 min read

India's forex reserves hit record $666.85 billion, driven by surging gold and foreign currency assets

India's foreign exchange reserves have surged to a record high, reaching a new peak of $666.85 bill…

ANI   


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1 min read

Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan

Yuan availiability is shriveling up in Russia as US sanctions have pushed Chinese lenders away from…

Filip De Mott   


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4 mins read

2 trades to make now amid 6 economic pitfalls ahead, according to a Bank of America chief strategist

Higher unemployment, the yen carry trade, the unwinding of AI trade are a few of the biggest concer…

Laila Maidan   


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3 mins read

Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization

The US dollar is used in about 50% of all global payments and 84% of trade finance contracts — far …

Huileng Tan   


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3 mins read

Market mayhem has calmed down. Here's what went down — and why more chaos may be coming.

Fresh fears of a recession, a Japanese interest-rate hike, and declining asset valuations rattled i…

Theron Mohamed   


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3 mins read

Markets are worried about the Chinese yuan sparking a new wave of turmoil

The Chinese yuan spiked against the US dollar on Monday in moves that were similar to the Japanese …

Huileng Tan   


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2 mins read

The global 'carry trade' is unwinding. Here's why it's a brutal force crushing stocks worldwide.

The yen carry trade refers to investors borrowing money at near-zero interest rates in Japan and th…

Matthew Fox   


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2 mins read

Rupee tumbles 31 paise to close at all-time low of 84.03 against US dollar

Forex traders said the downfall in the domestic unit came on the heels of a sharp downturn in the I…

PTI   


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3 mins read

Asia's stock markets tanked, marking several recent records in today's massive selloff

Asia markets saw a massive selloff on Monday, driven by the Bank of Japan's rate hike. US futures a…

Huileng Tan   


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2 mins read

Vladimir Putin takes aim at the US dollar's dominant position as the world's reserve currency

"To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes ma…

Matthew Fox   


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2 mins read

India is most favoured nation for investment, with growth safety and stable currency, says Piyush Goyal

Invoking the Indian business community to invest in India, Union Minister for Commerce and Industry…

ANI   


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2 mins read

Stock market today: Indexes struggle for direction as investors await wave of data

171 companies within the S&P 500 are set to report second-quarter earnings this week, including App…

Matthew Fox   


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1 min read

Bitcoin tests $70k after Trump says US will be 'crypto capital of the planet'

At a bitcoin conference over the weekend, Trump pledged to make the US a "bitcoin superpower" if el…

Kelly Cloonan   


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2 mins read

Stock market today: Indexes rise ahead of busy week for earnings, economic data, and Fed

A Fed meeting, the July jobs report, and a wave of earnings reports will drive the stock market thi…

Matthew Fox   


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2 mins read

Rupee falls 17 paise to close at 83.60 against US dollar

The rupee depreciated 17 paise against the US dollar and settled at 83.60 (provisional) on Wednesda…

PTI