Investors pull around $6 billion out of Binance's stablecoin
Binance USD, Binance's stablecoin pegged to the US dollar has seen outflows equivalent to more than 1/3 its market cap as regulatory pressure scares investors away.
Stablecoins attract scrutiny in SEC’s drive to control crypto
The SEC is investigating whether stablecoins, cryptocurrencies that maintain a price of $1, are among the products that were issued in violation of investor-protection laws.
The unusual crew behind Tether, crypto’s pre-eminent stablecoin
Tether is a stablecoin traded more frequently than bitcoin which is redeemable for US Dollars, however like a bank, the cryptocurrency is not immune from a run.
Why America should ban crypto
Charlie Munger, Vice Chairman of Berkshire Hathaway, compares cryptocurrencies to gambling, and advises the US to follow England's solution to the South Sea Bubble of 1720.
Central-bank digital currencies are coming—whether countries are ready or not
Central-bank digital currencies could lead to big changes in the most basic activity of any banking system: making and distributing money.
Oil prices falls to two-month low amid new COVID cases in China and a strengthened dollar
Amid a declining fuel demand from China due to rising COVID-19 cases, the price of oil fell to the lowest point in two months on Monday.
Europe’s luxury-goods sale might last a while
American shoppers now have to pay 38% more at home than they would for the same product in Europe, according to Bank of America data, compared with about 20% historically.
P&G starts fiscal year strong, but soaring dollar will sting
Procter & Gamble expects sales for all of 2023 to fall between 1% and 3% compared with this year, with foreign exchange a six-percentage point headwind to sales growth.
The strongest US dollar in 20 years is a double-edged sword
Risk aversion amid growing fears about a global recession has sent investors fleeing toward the greenback as a safe haven, but a strong U.S. dollar has both pros and cons.
Investor sentiment 'unquestionably' at worst level since 2008 financial crisis: BofA
U.S. investor sentiment has dropped to its lowest level since the 2008 financial crisis as the Federal Reserve raises interest rates, according to Goldman Sachs analysts.
Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates
Japan intervened in the foreign exchange market to buy yen for the first time since 1998, to shore up the battered currency against the strong US Dollar.
Euro slides below 99 cents, lowest in two decades, after Russia shuts off gas
The euro dropped to the lowest level in two decades on Monday after Russia abandoned a deadline to resume supply of natural gas to Germany through a key pipeline.
EU seeks oil deal with Azerbaijan as euro drops below dollar amid soaring inflation
The European Union is seeking an oil deal with Azerbaijan as it attempts to cut oil dependence on Russia amid its war in Ukraine.
Euro, dollar a penny away from parity for first time in 20 years
The exchange rate between the U.S. dollar and the euro is about equal for the first time in 20 years amid concerns of a slowdown in the European Union.
Dollar firm, euro hits 22-month low, ruble at record low
The euro was pinned near a 22-month low on Tuesday as war in Ukraine has darkened Europe's economic outlook, while commodity currencies took a breather in their weeks-long rally.
Dollar broadly firmer, euro extends slide early Monday
The euro extended its slide early Monday, hitting parity against the safe haven Swiss franc, and commodities of all stripes were on the rise as the Russian-Ukraine conflict showed no sign of cooling.
Dollar finds a footing as traders brace for hawkish Fed
The dollar clung to a late week bounce on Monday as investors braced for January's U.S. Federal Reserve meeting and raised bets it will chart a year ahead holding several rate hikes, while China surprised analysts with a benchmark cut.
Dollar firm as inflation test looms
The dollar started the week with support as traders bet U.S. inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates.
Dollar firm as US inflation poses next test
The dollar made a steady start to the week on Monday but was kept below Friday peaks, as currency traders seek a path between markets' volatile interest rate projections and central bankers vowing to keep rates low even as inflation surges.
Dollar drifts below one-year high as payrolls test looms large
The U.S. dollar drifted below a one-year high versus major peers on Tuesday as traders waited on key U.S. payrolls data at the end of the week for clues on the timing of a tapering of Federal Reserve stimulus and the start of interest rate hikes.



















