Market Overview - Page 476

Russia is acting on a pledge by President Vladimir Putin to shrink the role of dollar in international trade as tensions sour between Washington and Moscow. The shift is part of a strategy to “de-dollarize” the Russian economy and lower.

The Chinese yuan crossed a closely watched barrier against the dollar on Monday following another escalation in the trade war between Beijing and Washington. In the afternoon of Asian trading hours, the onshore Chinese yuan changed hands at 7.0304 against.

Market overview FX: Markets fear that currencies become a weapon in trading disputes. The flight from “yielding” to “safe” makes JPY, CHF – the best in performance this month. USDCNH jumped 2% to 7.11. GBPUSD rebounded again after a rebound..

In the past two days, there was a steady rise above $10,500 in bitcoin price above $10,000 against the US Dollar. The BTC/USD pair settled above the $11,000 resistance and the 100 hourly simple moving average to move into a.

Binance Research, the research arm of the world’s largest crypto exchange, claims that President Donald Trump caused the latest bitcoin price spike. Binance Research made the specious claim on Twitter, where it noted: “BTC has rallied, together with multiple safe-haven.

Employment in the US rose in line with forecasts, adding 164K, which lead to a muted market reaction to the news. However, it is worth digging into the report to better understand the state of the American economy. Summary: relatively.

Amazon founder Jeff Bezos sold almost 1 million Amazon shares worth $1.8 billion in the last three days of July in three separate transactions. The sales reduced Bezos’ stake in Amazon to about $110 billion. According to an SEC filing,.

China’s foreign ministry pushed back against President Donald Trump’s latest tariff threat on Friday, reportedly saying the world’s largest economy should give up its illusions, shoulder some responsibility and come back to the right track on resolving the trade war..

Iranian oil tankers have been quietly offloading their supply into Chinese ports, according to ship tracking data, despite U.S. sanctions on crude from the Islamic Republic. These flows, which experts say show no sign of stopping, could seriously disrupt U.S.-China.

Market focus Trump announced 10% tariffs on Chinese goods worth $300 billion since September 1, thus ending the US-China trade truce after disappointingly slow progress being made during negotiations. In addition, the president threatened to tighten these conditions in the.

Market overview FX: USD retreated to the basket of major currencies, but remains close to a 2-year high. JPY strengthened by 2% over the last 24h. CNY once again is dangerously close to 7.00 after the announcement of the tariffs..

Market focus It must be said that this meeting could become a turning point for both the US currency and the markets as a whole. During the two previous cycles, the federal funds rate decreased by more than 5 percentage.