De-dollarized payment systems are cropping up
The emergence of new regional payment systems likely won’t spur de-dollarization, OMFIF said. So far, their infrastructure is weak and…
Yuan Weakens to Lowest Since November as China Allows Declines
China’s onshore yuan dropped to the weakest level since November as signs mount that policymakers are slowly letting the currency…
Bitcoin Retreats as Traders Mull Risk of Sales Linked to Mt. Gox
Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping…
Dollar firm ahead of global inflation data
The dollar made a steady start to the week on Monday, as investors were focused on U.S., European and Japanese…
China ramps up de-dollarization efforts by dumping a record amount of US bonds
China sold a record $53.3 billion worth of Treasurys and agency bonds in the first-quarter. It previously unloaded US debt…
Calm Currency Markets Amid Focus on US Inflation Data
Major currencies were steady on Monday with the dollar consolidating against peers, as market participants awaited U.S. inflation data to…
Bitcoin Set to Become More Dominant Even as BTC Stares at First Monthly Loss Since August
Bitcoin is about to snap a seven-month winning streak due to several factors, including a slowdown in demand for spot…
Yen falls further as Bank of Japan stands pat on rates
The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the…
Analysis-Dollar’s rally supercharged by diverging US rate outlook
A rally in the U.S. dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will…
Bitcoin Stable Near $71K as GBTC Outflows Pick Back Up
GBTC outflows are once again negative, with $124.9 million flowing out of the trust-turned-ETF. However, the price of bitcoin remains…