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The dollar climbed to a 2.5-week high against major currencies on Friday, poised for its strongest weekly performance in a month. This gain is fueled by expectations that the Federal Reserve will lower interest rates next week while adopting a cautious stance on further cuts. The greenback also strengthened against…

The sentiment among Japan’s major manufacturers improved modestly in the three months leading up to December, according to a quarterly survey released on Friday. This trend supports the central bank’s strategy to gradually raise interest rates from near-zero levels. Non-manufacturing sectors also maintained a positive outlook on business conditions. However,…

The European Central Bank is almost certain to reduce interest rates again on Thursday and indicate further easing in 2025 as inflation across the eurozone nears its target and the economy shows signs of weakening. Having already cut rates in three of its last four meetings, the ECB now faces…

Bitcoin surged on Thursday, extending its overnight rebound as U.S. consumer inflation data came in line with expectations, boosting risk appetite and reinforcing bets on a December interest rate cut. The world’s largest cryptocurrency recovered all of its losses from the past week and appeared to break out of the…

The U.S. dollar traded within a tight range on Thursday, despite increased market bets that the Federal Reserve will cut interest rates next week. Meanwhile, the yen weakened following fresh reports suggesting the Bank of Japan might hold its current policy stance. The Australian dollar saw a strong surge after…

Gold prices retreated from a two-week high during Asian trading on Thursday as investors assessed the implications of U.S. consumer inflation data, which aligned with expectations, on future interest rate decisions. In industrial metals, copper prices extended gains driven by optimism surrounding additional stimulus measures from China, the world’s largest…

Australia’s corporate regulator announced on Thursday that Kraken’s local operator has been fined A$8 million (approximately $5.1 million USD) for illegally offering a credit facility to over 1,100 customers in the country. The Australian Securities and Investments Commission (ASIC) stated that Bit Trade, the operator of Kraken in Australia, failed…

The dollar strengthened against European currencies on Wednesday ahead of the highly anticipated U.S. inflation report, also supported by a Reuters report that China is considering allowing its currency to weaken next year, which led to declines in the yuan and other Asian currencies. The euro dropped 0.18% to $1.0508,…

Bitcoin showed little movement on Wednesday, stabilizing after a recent price decline as traders took a cautious approach ahead of key U.S. inflation data, which could influence expectations for interest rates. The world’s largest cryptocurrency remained within the $90,000 to $100,000 trading range established over the past few weeks, as…

China’s top leaders and policymakers are reportedly considering allowing the yuan to weaken in 2025 as they prepare for the potential imposition of higher trade tariffs under a second Donald Trump presidency in the United States. The proposed move underscores China’s acknowledgment of the need for stronger economic stimulus to…