Euro gains against USD despite risk aversion The Euro is trading higher against the US Dollar, near 1.1635, after hitting six-week lows above 1.1600. The currency's rise comes despite risk-averse markets and high oil prices. Prior to this, the Euro had been
Persistent USD strength and rising Fed rate hike expectations limit gold’s rebound from a four-month low near $4,550. Gold (XAU/USD) remains subdued below $4,550 in early European trading, failing to extend a modest recovery from its lowest level since March 30. The US Dol
Rising US Treasury yields and elevated oil prices drive the INR to record lows against the USD amid Fed policy uncertainty. The Indian Rupee fell to a new record low against the US dollar as Treasury yields surged past March highs and oil prices remained elevated. Investor
India’s currency weakens to 96.33 against the dollar amid rising oil prices near $103.00 and geopolitical tensions. The Indian Rupee (INR) fell to an all-time low of 96.33 against the US Dollar (USD) as oil prices climbed nearly 2% to near $103.00. The decline extends a we
Gold and silver retreat sharply on higher bond yields and a stronger dollar, eroding safe-haven demand amid inflation concerns. Gold prices fell nearly 2.5% to near $4,500 per ounce, while silver plunged about 9% to below $76 as rising U.S. yields and a stronger dollar wei
The cross recovers from a 1.5-week low amid JPY underperformance and a modest USD pullback, though UK political uncertainty caps gains. The GBP/JPY cross climbed back above 212.00 in early European trading, snapping a two-day losing streak. The recovery follows a 1.5-week
Silver price (XAG/USD) is down over 1% to near $75.00 during the European trading session on Monday. The white metal extends its two-day massive decline as rising oil prices due to fears of the United States (US)-Iran war resumption have promoted global inflation expectati
Bitcoin Depot seeks to wind down operations Bitcoin Depot has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company is seeking to wind down operations and pursue a sale of its assets. The
Ether declines nearly 10% in a week as rising oil prices, driven by US-Iran tensions, weigh on cryptocurrency markets. Ether dropped to $2,100 on Monday, extending a 10% weekly decline, as surging oil prices fueled selling pressure. Fundstrat analysts noted a record invers
Tehran proposes a digital insurance scheme for Strait of Hormuz transit fees, potentially generating $10 billion annually in Bitcoin payments. Iran is considering a plan to collect shipping tolls in Bitcoin for vessels passing through the Strait of Hormuz, a critical choke
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