Markets

FTX/Alameda has unstaked over $1 billion in Solana (SOL), raising concerns about potential market impact. Despite this, SOL remains resilient, trading near $137. However, the large-scale unstaking could increase selling pressure and affect future price movements. Read the full article here

TOKYO (Reuters) – Japanese authorities are committed to a flexible exchange rate, which acts as a shock absorber and supports the Bank of Japan’s monetary policy objective, a senior International Monetary Fund (IMF) official said on Wednesday. “We’ve had very good discussions with Japanese authorities on exchange rate issues. Let…

(Reuters) – China’s major state-owned banks were heavy sellers of dollars on Wednesday, three people with direct knowledge of their activity said, steadying the yuan as it came under pressure in currency trade as the economy remains shaky. State banks often act on behalf of China’s central bank in the…

Investing.com – The U.S. dollar edged higher in early European trade Wednesday, on course for its biggest monthly gain since September, while the euro retreated after weak inflation data. At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1%…

By Ketki Saxena Investing.com – The weakened against its US counterpart today, hit by risk-off sentiment after Microsoft (NASDAQ:) and Alphabet (NASDAQ:) earnings disappointed, and following a less-dovish-than-hoped-for Fed. A rate decision from the US Federal Reserve was the main driver of action for the USDCAD pair today, overshadowing a…

By Karen Brettell NEW YORK (Reuters) -The dollar fell against the euro and yen on Thursday as investors continued to bet the Federal Reserve is closer to cutting interest rates, even after Chairman Jerome Powell said that a move in March was unlikely. Powell said on Wednesday that rates had…

© 2024 Finances Smart. All Rights Reserved.