DXY US Dollar Currency Index
TerraUSD collapse will ‘probably be the end’ of most algorithmic stablecoins, crypto exec says
Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, dropped to $0. The collapse of the algorithmic stablecoin TerraUSD has raised question about the future survival of similar crypto assets. Dan Kitwood | Getty Images News | Getty Images Algorithmic stablecoins like terraUSD, which collapsed and sent shockwaves through the cryptocurrency market, are unlikely to survive, […]
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Asia-Pacific stocks set for mixed start; Australia’s April trade data ahead
SINGAPORE — Shares in Asia-Pacific looked set for a mixed Thursday start, with Australia’s April trade data expected later in the day. Futures pointed to a muted open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,450 while its counterpart in Osaka was at 27,460, against the Nikkei 225’s last close at […]
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Salesforce CEO Marc Benioff says foreign exchange pushed the company to lower revenue guidance
Salesforce co-founder and co-CEO Marc Benioff told CNBC’s Jim Cramer on Tuesday that the rising value of the dollar played a part in the software company lowering revenue guidance in its latest quarter. “Our guidance is really impacted by foreign exchange,” Benioff said in an interview on “Mad Money.” “We have now had to consume […]
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Beware of these dollar-vulnerable stocks if they’re in your portfolio
The U.S. dollar has been strong this year, and that could mean bad news for companies dependent on international sales. The dollar index , which measures the U.S. currency’s performance against six other major trading currencies such as the euro and the yen, is up more than 6% this year. Earlier this month, the index […]
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Britain plans new safeguards for stablecoins that go bust in wake of Terra’s collapse
The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.” Justin Tallis | AFP via Getty Images Britain wants to make sure stablecoins don’t end up threatening the wider financial system following the collapse of controversial crypto project Terra. The government on Tuesday proposed […]
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British pound is taking on ’emerging market’ characteristics, Bank of America says
A trader pauses while monitoring financial data on computer screens at ETX Capital, a broker of contracts-for-difference, in London, U.K. on Friday, Oct. 7, 2016. Chris Ratcliffe | Bloomberg | Getty Images LONDON – Sterling is in danger of becoming an “emerging market” currency as falling growth and growing risks cause investors to flee the […]
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Asia-Pacific stocks set for lower start as investors await China’s factory activity data for May
SINGAPORE — Shares in Asia-Pacific looked set for a lower Tuesday start as investors await the release of official Chinese factory activity data for May. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,325 while its counterpart in Osaka was at 27,320. That compared against the […]
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Asia-Pacific stocks rise ahead of major economic data this week
SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to major economic data releases later in the week. In Japan, the Nikkei 225 rose 1.21% in early trade as shares of robot maker Fanuc jumped more than 2%. The Topix index traded 1.01% higher. The Kospi in South Korea also […]
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Asia-Pacific stocks rise; Alibaba announces better-than-expected fourth-quarter earnings
SINGAPORE — Shares in Asia-Pacific rose in Friday morning trade, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. The Nikkei 225 in Japan gained 1.41% as shares of conglomerate SoftBank Group surged 5%. The Topix index advanced 1.08%. South Korea’s Kospi also jumped […]
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UK investigation into Covid lockdown parties says senior leadership ‘must bear responsibility’
Opposition lawmakers accuse Johnson of having knowingly misled Parliament. Wpa Pool | Getty Images News | Getty Images LONDON — A highly anticipated investigation into numerous Covid-19 lockdown-breaking parties at Prime Minister Boris Johnson’s office and residence has been released, intensifying pressure on the embattled Conservative Party leader. The comprehensive report from senior civil servant […]
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