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Citigroup Invests in London FX Blockchain Startup Cobalt

Citigroup Invests in London FX Blockchain Startup Cobalt

Citigroup Inc recently announced that it was investing in forex trading blockchain company, Cobalt. Furthermore, former Nasdaq NLX CEO Charlotte Crosswell is also moving in as a strategic advisor to Cobalt DL and her focus will be on long term strategic partnerships so that the company can get new clients. However, Citicorp did not provide […]

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US Dollar Approaches 14-Year Peaks After Indications of Fed Rate Hikes

US Dollar Approaches 14-Year Peaks After Indications of Fed Rate Hikes

The US Dollar is all set to finish 2016 in a big way, surging ahead this week to approach 14-year highs against a basket of currencies including the euro. The big gains have come in anticipation of increased rate hikes by the U.S. Federal Reserve. The dollar has been on an upward climb ever since […]

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The US Dollar Slows Down, Approaching 14-Year Peak

The US Dollar Slows Down, Approaching 14-Year Peak

The US Dollar has slowed down its steady climb as it nears its 14-year peak against a basket of leading currencies. Interest in the currency seems to have flagged slightly Wednesday in what can only be termed a pause for reorientation. Investors brought the currency’s longest rally in four years to a halt as trading […]

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US Dollar Steadies After Trump-Inspired Surge

US Dollar Steadies After Trump-Inspired Surge

The United States Dollar which has been on a sharp rally over the past couple of weeks has finally slowed down just before the Thanksgiving holidays. The currency had reached a 13-1/2-year high this Wednesday as a result of rising positive sentiment regarding President Elect Donald Trump’s effect on the economy. Mr. Trump’s many pronouncements […]

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Dollar Rises Up, Beating the Other Currencies of the World

Dollar Rises Up, Beating the Other Currencies of the World

Recently, the hike of dollar against the major currencies of the world was in the news. It is known that the Federal Reserve is expected to raise the interest rates right after the increased bets by the investors. In comparison to the dollar, the sterling has only witnessed a ‘flash crash’. Yes, it has come […]

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China’s Forex Reserves Dip to $3.20 Trillion in July

China’s Forex Reserves Dip to $3.20 Trillion in July

China’s central bank released data last week that indicated that the country’s foreign exchange reserves had dropped to $3.20 trillion in the month of July. However, industry analysts had expected the reserves to fall. The drop was $4.10 billion and it came on the back of a $13.4 billion rebound that took place in June […]

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Brazil Central Bank Head Says Inflation Needs to be Curbed

Brazil Central Bank Head Says Inflation Needs to be Curbed

Ilan Goldfajn, the tough talking head of Brazil’s central bank, announced that while inflation had reduced slightly measures still had to be taken to curb it further. He said that the government understood the importance of meeting its inflation target for the coming year. The country’s twelve-month inflation is a persistently high 8.74 percent at […]

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