currencies

Bitcoin (CRYPTO: BTC) surpassed the New Taiwan Dollar to become the eighth-largest currency by market capitalization on Thursday. What happened: The apex cryptocurrency came within touching distance of $112,000, as the record-breaking run showed no signs of slowing. Thursday's momentum powered...

The Russian rouble has plummeted to its lowest value against the US dollar since Russia’s full-scale invasion of Ukraine, Financial Times reports. Impact of Failed Mutiny and SanctionsThe currency, which has lost a third of its value since December, traded at over RUB 90 per US dollar on...

Investors are closely monitoring the Japanese government’s potential actions to support the yen as it nears levels that previously triggered intervention in the currency markets, reported Nikkei Asia. Yen’s Recent Performance The yen briefly hit 145 against the dollar on Friday and...

Despite recent fluctuations in sterling’s rally, currency speculators have increased their bullish bets on the pound to a nine-year high, Financial Times reports. Speculators Bullish on Sterling Speculative investors, including hedge funds, have shown increased optimism towards sterling,...

With Singapore’s central bank tightening its monetary policy to rein-in inflation, the nation’s currency has strengthened significantly against the currency of its neighbor Malaysia, which has been on an accommodative policy path. As a result, shoppers from Singapore have been...

With the U.S. set to release its consumer price index data on Wednesday, Gopikrishnan MS, former head of trading for South Asia at Standard Chartered Bank, tells Benzinga readers how to effectively trade the USD/INR forex pair. Source: Trading View The Trade: U.S. data, such as PMI ...

Fears of a recession have reportedly led fund managers to wager the most bearish bets on the Australian dollar since March. According to Bloomberg, hedge funds and traditional asset manager peers have accumulated short positions on the currency worth 61,405 contracts, as per Commodity Futures...

Bank of Thailand Governor Sethaput Suthiwartnarueput has stated that the central bank will take action on any excessive moves in the Thai baht, Reuters reported. The currency may reverse its trend going forward as more tourists visit the country and concerns of inflation come down, the central bank...

Even if you’re relatively new to stock trading, you’ve likely heard people talk about forex trading. The term “forex” is an abbreviation for “foreign exchange,” and it refers to the practice of trading foreign currencies. Forex traders attempt to take advantage...

Gold advocate and notorious Bitcoin (CRYPTO: BTC) critic Peter Schiff said that he would consider buying the top cryptocurrency if its price crashed to under one dollar. What Happened: During a conversation between Bitcoin proponent and famous entrepreneur Anthony Pompliano...

Dallas Mavericks owner Mark Cuban believes Dogecoin (DOGE) has the potential to become a useful currency if more companies adopt the meme cryptocurrency for their products and services. What Happened: Cuban, a big advocate of Dogecoin and other cryptocurrencies, said on Twitter that the Dogecoin...

According To Luca Paolini, Pictet Asset Management's Chief Strategist, Bitcoin Still Presents Too Many Shortcomings, Beginning With Mining Sustainability. In mid-March, Bitcoin crossed the threshold of $60,000 for the first time and, for a few days now, has been hovering around $58,000. This...

Among the hundreds of economic, political or climatological factors weighing on a given commodity market, the single most pervasive and broadly influential signal in futures trading is the relative strength or weakness of the U.S. dollar. The reason for this is simple: the dollar is the primary...

With the first day of fall around the corner, most markets are expecting trading activity to pick up as the summer doldrums fade away. The back-from-summer-vacation uptick in activity is a well-known phenomenon across Wall Street, as volume and volatility typically decline during the summer months...

Vexing currency market observers, the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP) is down 8.4 percent year to date. That is an arguably stunning decline when considering the Federal Reserve has boosted interest rates twice this year. UUP, the exchange-traded fund proxy for the U.S....