Auto Added by WPeMatico

Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils

Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and…

Continue ReadingLebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils

Investor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’

While the U.S. dollar has been extremely robust in recent times, compared to a myriad of fiat currencies worldwide, a number of analysts and economists think the greenback will eventually…

Continue ReadingInvestor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’

Bank of England to Double Long-Dated Gilt Buy-Backs, QE Policy to See an ‘Orderly End’ in Mid-October

After the British pound sterling tapped an all-time low against the U.S. dollar on September 26, the Bank of England (BOE) said it would halt its monetary tightening policy and…

Continue ReadingBank of England to Double Long-Dated Gilt Buy-Backs, QE Policy to See an ‘Orderly End’ in Mid-October

USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’

In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a…

Continue ReadingUSD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’

Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds

Following the extremely volatile European markets during the past few days and the euro and pound dropping rapidly against the U.S. dollar, the Bank of England has decided to intervene…

Continue ReadingBank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds

Is it Bitcoin’s time to shine? British Pound drops to all-time low against the dollar

The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British Pound's weakness be a positive for Bitcoin.

Continue ReadingIs it Bitcoin’s time to shine? British Pound drops to all-time low against the dollar

British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike

The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time,…

Continue ReadingBritish Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike

While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback

While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September,…

Continue ReadingWhile the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback