Bitcoin Struggles Below $70,000 Ahead of Key Economic Data Release
Bitcoin (BTC) is facing strong resistance near the $70,000 mark since briefly surpassing it on May 28, and has traded…
Oil Gains on OPEC+ Cut Expectations, Demand Optimism
Oil prices were rising as traders expect OPEC and its allies to extend their production curbs at a Sunday meeting…
Gold prices dip as strong US dollar, yields dim bullion’s shine
Gold prices slipped for a second consecutive session on Thursday as the U.S. dollar and Treasury yields edged higher, while…
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…
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…
McDonald’s Eyes New Deal Amid Economic Challenges
McDonald’s is considering coaxing customers back to its restaurants by offering a new food deal that won’t take a hit…
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…
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…
At a Brooklyn Pawnshop, Customers Are Flooding In to Sell Gold
Investors and metals traders can’t agree on what exactly is behind gold’s recent rally. At King Gold & Pawn in…
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…