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December 10, 2024
Bitcoin price drops to $96k amid a wider cryptocurrency downturn
Bitcoin declined on Tuesday, continuing its downward trend and leading broader cryptocurrency losses as risk sentiment worsened due to rising geopolitical tensions and uncertainty over U.S. interest rates. The drop was also driven by significant profit-taking after Bitcoin reached new highs above the $100,000 mark last week. Traders were seen
December 10, 2024
Gold prices climb as geopolitical tensions and Wall Street losses boost demand for safe-haven assets
Gold prices advanced in Asian trade on Tuesday, building on recent gains as escalating geopolitical tensions in Syria and a selloff on Wall Street drove demand for the safe-haven metal. Industrial Metals See Mixed Movement Copper prices stabilized on Tuesday after significant gains driven by promises of additional stimulus from
December 10, 2024
Asian currencies edge higher following China’s policy shift, while the Australian dollar declines as the RBA keeps rates unchanged
Most Asian currencies edged higher on Tuesday, buoyed by optimism over potential stimulus measures from China, while the Australian dollar saw a sharp decline after the Reserve Bank of Australia (RBA) maintained its interest rates and adopted a less hawkish tone. Australian Dollar Weakens Following RBA Decision The Australian dollar
December 10, 2024
The Australian dollar weakens as the RBA adopts a softer tone; the US dollar holds steady ahead of CPI data
The Australian dollar fell toward a four-month low on Tuesday after the Reserve Bank of Australia (RBA) softened its stance on monetary policy, fueling expectations of an earlier interest rate cut. The U.S. dollar remained stable against major currencies, edging to its strongest level this month against the yen, as
December 9, 2024
The dollar edges lower ahead of CPI data, while the euro remains steady, anticipating the ECB meeting
The US dollar edged slightly lower on Monday, following last week’s jobs report, which pointed to a potential Federal Reserve rate cut later this month. However, losses were limited due to ongoing uncertainty in the Middle East. As of 04:00 ET (09:00 GMT), the Dollar Index, which measures the greenback
European stock markets began the week on a positive note, with most major indices showing gains, despite a cautious mood among investors. As of 3:05 ET (8:05 GMT), Germany’s DAX rose by 0.3%, while France’s CAC 40 saw an increase of 0.8%. With no significant corporate earnings or economic data
December 9, 2024
The Canadian and Australian dollars come into focus as the US dollar continues to strengthen
On Monday, the Canadian and Australian dollars were the focus ahead of their central bank meetings this week, while the euro and other major currencies continued to lose ground to the strengthening U.S. dollar. With market expectations of a near-certain quarter-point rate cut by the Federal Reserve next week, analysts
December 9, 2024
Bitcoin drops to $99K as Trump rally loses momentum and concerns over Mt. Gox proceedings weigh on sentiment
Bitcoin edged lower on Monday, easing after a weekend rally as markets awaited further signals on crypto policy from incoming U.S. President Donald Trump. Concerns over potential distributions by the defunct Mt. Gox exchange also weighed on sentiment. Last week, a wallet linked to the exchange moved over $2 billion
December 9, 2024
Gold prices edge higher amid escalating tensions in Syria and South Korea, boosting demand for safe-haven assets
Gold prices inched higher in Asian trading on Monday, driven by geopolitical unrest in Syria and South Korea, which boosted safe-haven demand. However, gains were capped by the strength of the U.S. dollar. The yellow metal has shown limited movement in recent weeks, as heightened geopolitical tensions have been counterbalanced
December 7, 2024
Mexico is making every effort to safeguard its trade agreement with the US and Canada, an official states
Mexico is making every effort to safeguard its regional trade agreement with the United States and Canada, according to the country’s Deputy Economy Minister, Luis Rosendo Gutierrez, in an interview published Friday. The three neighboring countries, key trading partners, are currently embroiled in a trade dispute after U.S. President-elect Donald