Tag: Forex

Gold prices on Tuesday rose to their highest in more than three months as a weaker U.S. dollar and grwoing inflationary pressure lifted bullion’s appeal as an inflation hedge. FUNDAMENTALS * Spot gold was up 0.2% at $1,868.89 per ounce by 0101 GMT, after hitt…

Share to FacebookShare to TwitterShare to LinkedinBitcoin and cryptocurrency investors are still reeling from a week that’s left the crypto market $300 billion lighter. The bitcoin price moved sharply lower this week, dragging down the wider $2.2 trillion cryptocurrency market, after Tesla TSLA billionaire Elon Musk announced his company would scale back its bitcoin ambitions—at…

The dollar edged higher on Monday as new COVID-19 restrictions in Asia and mixed economic data in China encouraged investors to stick with safer currencies. The euro fell marginally while other major currencies remained in tight ranges in a quiet start to the week. Bitcoin skidded to a three-month low after Tesla Inc (TSLA.O) boss…

Share to FacebookShare to TwitterShare to LinkedinTopline The price of dogecoin surged nearly 30% Friday following support from billionaire Elon Musk and an announcement that crypto exchange Coinbase would list the token, a boost that has allowed the volatile asset to reclaim its spot as the fourth most valuable cryptocurrency in an otherwise dismal market…

Tesla CEO Elon Musk in Los Angeles. zz/Wil R/STAR MAX/IPx Elon Musk, who has become a volatile force in the cryptocurrency universe, said Tesla is no longer accepting Bitcoin as payment for purchases of its electric vehicles owing to the excessive amount of carbon-based energy it uses. Bitcoin plunged following his comments. “We are concerned…

Share to FacebookShare to TwitterShare to LinkedinTopline The Colonial Pipeline Company reportedly paid hackers $5 million on Friday following a cyberattack that forced the pipeline offline and created a severe gas shortage, sources told Bloomberg News Thursday, which conflicts with reports the company would not pay a ransom. A Colonial Pipeline storage site in Charlotte,…

The Australian and New Zealand dollars were nursing steep losses for the week on Friday as failures to sustain breaks to upside risked a purge of long positions by disappointed bulls.

Share to FacebookShare to TwitterShare to LinkedinTopline Shiba Inu-based cryptocurrency dogecoin reclaimed its spot as the fourth most valuable cryptocurrency Tuesday after Tesla CEO Elon Musk asked Twitter followers if the company should accept the token as payment for its vehicles, a move that could legitimize the highly volatile asset and restore some of the…

SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of next year, with Elon Musk’s commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.