currency

U.S. futures gain as traders mull omicron impact on global economic recovery

Economy / By

U.S. equity futures gained with oil as traders mull the omicron variant’s impact on the global economic recovery. New Zealand’s currency rose against the dollar in holiday-thinned trading with major markets including Australia, Japan and China shut. There’s no cash trading of Treasuries in Asia. Asian stocks were mixed with equities rallying in South Korea …

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Gold holds advance with omicron, monetary policy looming large

Economy / By

Gold held an advance, tracking modest moves in the dollar as the path of Federal Reserve policy continues to dominate the outlook. Gold held an advance, tracking modest moves in the dollar as the path of Federal Reserve policy continues to dominate the outlook. The Bloomberg Dollar Spot Index steadied on Thursday after its biggest …

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Bitcoin can prosper without becoming a major currency: SkyBridge’s Scaramucci

Politics, Top News / By

FILE PHOTO: Anthony Scaramucci, Founder and Co-Managing Partner at SkyBridge Capital, speaks during the opening remarks during the SALT conference in Las Vegas, Nevada, U.S. May 17, 2017. REUTERS/Richard Brian March 24, 2021 By Anna Irrera and Tom Wilson LONDON (Reuters) – Bitcoin doesn’t need to become a widely-used form of payment to succeed and …

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Fed’s Powell: Would pursue digital currency only with Congressional support

Top News / By

FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS March 22, 2021 WASHINGTON (Reuters) – The Federal Reserve would not proceed with a central bank digital currency without Congressional …

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Exclusive: Vietnam intervened in currency markets weeks after U.S. censure: sources

Economy, Top News / By

FILE PHOTO: A Vietnam Dong note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo February 11, 2021 By Phuong Nguyen and Tom Westbrook HANOI/SINGAPORE (Reuters) – After being branded a “currency manipulator” by the United States in December for trying to keep the dong from rising in value, Vietnam is again …

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India proposes law to ban cryptocurrencies, create official digital currency

Economy, Top News, World / By

Customers talk against a backboard with signs of cryptocurrency during 2020 Taipei International Finance Expo in Taipei, Taiwan, November 27, 2020. REUTERS/Ann Wang/Files February 1, 2021 By Rajendra Jadhav MUMBAI (Reuters) – India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital …

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Swedish bankers face identity crisis over digital currency plans

Economy, Top News, World / By

FILE PHOTO: Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration January 5, 2021 By Colm Fulton STOCKHOLM (Reuters) – A new way to pay is causing existential angst among Swedish bankers who worry that the e-krona, an electronic equivalent of Sweden’s currency, could …

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Japan may intervene to arrest yen rise but only once, says former currency tsar | One America News Network

Economy, Top News / By

December 24, 2020 By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Japan may intervene in the foreign exchange market to prevent the yen from rising above 100 to the dollar, but just once given the difficulty of keeping currency rates pegged at a set level, former top currency diplomat Hiroshi Watanabe said on Thursday. …

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