The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of other Read more
Tag: Money/Currency Markets
Yen rallies after Japan intervenes for first time in 24 years
The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of other Read more
Korean won weakens to 13-year level after Fed rate increase
South Korea’s currency weakened to a 13-year low against the U.S. dollar after the Federal Reserve’s interest-rate increase and projections spurred a risk-off mood in Asia. The dollar USDKRW, +1.12% Read more
Jesse Powell, co-founder of crypto exchange Kraken, steps down as CEO
Jesse Powell, co-founder of crypto exchange Kraken, will step down as the company’s chief executive, the company said Wednesday. Dave Ripley, the company’s chief operating officer, will succeed Powell as Read more
Bitcoin could go back above $65k in the next four years, says Michael Saylor
Michael Saylor, chairman and co-founder of MicroStrategy Inc. MSTR, -0.51%, said bitcoin could go back to $68,990, its peak reached in November “sometime in the next four years,” and could Read more
Fed approves third large interest rate hike and signals more before year-end
The Federal Reserve on Wednesday continued their aggressive fight against high inflation, agreeing to the third straight super-sized interest rate hike and saying that rates are going to go sharply Read more
4 things to watch when the Fed delivers its rate-hike decision
The Federal Reserve is raising rates on Wednesday. That much is certain. Beyond that, there are weighty questions about whether the central bank’s efforts to bring down inflation can succeed Read more
Opinion: The dollar will remain strong as long as fundamentals and the Fed allow
CAMBRIDGE, Mass. (Project Syndicate)—Despite rampant inflation and slowing growth, the U.S. dollar BUXX, +0.57% DXY, +0.78% keeps going from strength to strength. Since May last year, the dollar has risen Read more
Opinion: Why the Fed keeps its focus strictly on the U.S. economy even as its actions could push the whole world into recession
The U.S. Federal Reserve holds inordinate sway over the world’s economies—yet it acts, in some ways, like they don’t really matter. Its power is primarily because of the dominance of the Read more
Brace yourselves, the Fed is about to inflict ‘some pain’ to fight inflation — here’s how to prepare your wallet and portfolio
Weeks ago, Federal Reserve Chair Jerome Powell cautioned there would be “some pain to households and businesses” as the central bank kept jacking up interest rates to try fighting four-decade Read more