Move over, bitcoin: El Salvador sovereign bonds not done rallying

By Ankur Banerjee SINGAPORE, July 14 (Reuters) – The dollar hovered at 15-month lows on Friday after a steep dive overnight, as markets wagered the Federal Reserve was close to the end of its rate hike cycle due to easing inflation. economy,” said Carol Kong, currency strategist at Commonwealth Bank Of Australia in Sydney.

“But we still maintain our view that the U.S. The index is on course for its worst week since November. “Markets are generally pretty pleasant with the lower inflation data, because lower inflation together with the still resilient labour market supports the narrative of a soft landing in the U.S. Ryan Brandham, head of global capital markets, North America, at Validus Risk Management, said the data on weekly jobless claims and producer prices are supportive of the soft landing.

“If the Fed wishes to hike rates again later this month … Although the recent trend of lower inflation may be encouraging, it probably won’t be sufficient to change the committee’s decision.” Still, Fed officials remain cautious, with Federal Reserve Governor Christopher Waller saying he’s not ready to call an all clear on U.S.

inflation and favours more rate rises this year. will enter recession later this year because of the impact of past and potentially future interest rate hikes.” Markets are pricing in a 92% chance of a 25 basis point hike from the Fed later this month, CME FedWatch tool showed, but no more for the rest of the year.

Data on Thursday also showed that the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating that the labour market remains tight even as job growth is slowing. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, data showed on Thursday, a day after consumer prices rose modestly last month as evidence mounts that the world’s largest economy had entered a phase of easing inflation. The dollar index, which measures the U.S.

currency against six major rivals, stood at 99.71 in early Asian hours, its lowest since April 2022. The Japanese yen strengthened 0.23% to 137.71 per dollar and is on course for its best week against the dollar since January. it will be reassured by the jobs data. The XRP token eased 7% in early Asian hours to trade at $0.7546 after surging 76% on Thursday. The euro touched a fresh 16-month peak of $1.1229 in Asian hours before easing to $1.1222, while sterling last fetched $1.3119, down 0.11% on the day.

The pound broke above $1.30 on Thursday for the first time since April 2022. judge ruled that Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges. ======================================================== Currency bid prices at 0123 GMT Description RIC Last U.S.

Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.1224 $1.1227 -0.01% +4.76% +1.1229 +1.1213 Dollar/Yen 137.6300 138.0150 -0.26% +4.89% +138.1000 +137.6500 Euro/Yen Dollar/Swiss 0.8587 0.8588 +0.03% -7.09% +0.8594 +0.8585 Sterling/Dollar 1.3123 1.3134 -0.08% +8.52% +1.3139 +1.3117 Dollar/Canadian 1.3110 1.3109 +0.04% -3.21% +1.3115 +1.3110 Aussie/Dollar 0.6883 0.6890 -0.09% +0.98% +0.6892 +0.6876 NZ 0.6391 0.6393 -0.09% +0.59% +0.6396 +0.6387 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Ankur Banerjee in Singapore; Editing by Jacqueline Wong)

Meanwhile, the Australian dollar eased 0.16% to $0.688 after Michele Bullock was appointed head of Australia’s central bank on Friday, becoming its first female governor as it undertakes a sweeping reorganisation. In cryptocurrencies, bitcoin last rose 0.03% to $31,367.56, having touched near two-month peaks of $31,818 overnight.

Ethereum last rose 1.4% to $2,014.10.

Binance.US, the purportedly independent partner of Binance, has seen its U.S.

market share slump to 0.9% on June 26 from over 22% in April after the exchange gave its customers a deadline of June 13 to withdraw their dollar funds as the SEC asked a court to freeze its assets.

Bitcoin Trading

Trading simply means, to buy something at a low price and Featured Page sell at high in the market.

Bitcoin trading is also the same to buy the Bitcoin at low and sell at a high price, as we talk about the cost of Bitcoin, There is no single price of Bitcoin in the global market.

Second-biggest token ether had its best session since March on Thursday and XRP, which the U.S.

judge ruled could be legally sold on public crypto exchanges, soared 73% on Thursday and held most of these gains on Friday.

As we prepare for the next major bull cycle, it has become clear that we need to focus on talent density across the organization to ensure we remain nimble and dynamic,” a spokesperson for Binance said. “Over the last six years, we have grown from 30 to a team of almost 8,000 across the globe.

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