Dollar weakens; Powell declines to push back on easing expectations By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, retreating after a relatively dovish speech from Fed chair Jerome Powell raised hopes the central bank may soon ease monetary policy. At 03:10 ET (08:10 GMT), the , which tracks the greenback against a basket of six other […]
Gains through low 1.09s to revive bull move for a push on to 1.1000/50 – Scotiabank
EUR/USD keeps its range below the 1.09 level. A move above here will revive bullish momentum, economists at Scotiabank report. Firm support on modest dips to the low/mid-1.08s “EUR/USD is holding a solid-looking bull trend on the daily chart and is backed by supportive trend strength oscillators across the short, medium and longer-term DMIs. This […]
Revolut Postpones RevCoin Push after FTX Collapse
Revolut, a London-headquartered challenger bank, has delayed the launch of its native cryptocurrency dubbed RevCoin. Financial News (FN) reported that the collapse of the FTX crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform […]