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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The dollar falls and Bitcoin soars ahead of the approval of spot trading funds

    Rocky
    Rocky
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    The dollar falls and Bitcoin soars ahead of the approval of spot trading funds Empty The dollar falls and Bitcoin soars ahead of the approval of spot trading funds

    Post by Rocky Tue 09 Jan 2024, 4:54 am

    The dollar falls and Bitcoin soars ahead of the approval of spot trading funds

    The dollar falls and Bitcoin soars ahead of the approval of spot trading funds 40173



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    Economy News - follow up
     
    [rtl]The dollar's rise stopped during Tuesday's trading, with traders once again confirming their bets that the Federal Reserve (the US central bank) will make a series of interest rate cuts this year based on the belief that inflation in the United States is slowing sufficiently.[/rtl]
     
    [rtl]Regarding cryptocurrencies, Bitcoin moved near its highest level since April 2022 amid growing expectations that approvals for spot Bitcoin trading funds are imminent.[/rtl]
     
    [rtl]The euro settled in the latest transactions at $1.0949, away from its lowest level in three weeks at $1.0877, while the yen moved away from the 145 level against the dollar after a sharp decline in the US currency with the decline in US Treasury bond yields.[/rtl]
     
    [rtl]These moves were driven by reasons including the New York Federal Reserve Bank's recent survey of consumer expectations, which showed that US consumers' expectations for short-term inflation fell to their lowest level in nearly three years in December.[/rtl]
     
    [rtl]A reading on US inflation is due later in the week, which will likely provide more clarity on how much room the Federal Reserve has to cut interest rates this year.[/rtl]
     
    [rtl]The dollar fell slightly by 0.04 percent to 102.26 against a basket of currencies after rising 1 percent last week.[/rtl]
     
    [rtl]The British pound settled at $1.27395.[/rtl]
     
    [rtl]The Australian dollar recorded $0.6708 when purchased in the latest trading, moving away from its lowest level in three weeks, which reached $0.6641 on Friday. The New Zealand dollar fell 0.19 percent to $0.6241, but remained some distance from its lowest level in three weeks, which reached $0.6182, on Friday.[/rtl]
     
    [rtl]Tuesday's data showed core inflation in Tokyo slowed for the second straight month in December, relieving some pressure on the Bank of Japan to quickly abandon monetary policy easing.[/rtl]
     
    [rtl]There was little change in the yen after the release of the data, and it rose in the latest trading by 0.3 percent to 143.81 against the dollar.[/rtl]
     
    [rtl]Bitcoin settled in the latest transactions at $46,771 after rising to its highest level in 21 months at $47,281 in the previous session.[/rtl]




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    Added 01/09/2024 - 1:30 PM
    https://economy-news.net/content.php?id=39264

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