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Tag: Currencies & ForEx

Sterling extends gains but rally may be drawing to a close

Sterling edged higher on Monday after posting its biggest jump in four months on Friday on a media report that the Netherlands and Spain were open to a deal for Britain to remain as close as possible to the EU crushed short positions. The British currency’s gains above the $1.37 line was also due to […]

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Bitcoin tumbles again after South Korea regulations

Bitcoin resumed its slide on Thursday, dipping below $14,000 (€11,723) as the cryptocurrency’s dizzying drop from a record set 10 days ago intensified. The latest blow to the world’s biggest cryptocurrency came from South Korea, where the government said it was eyeing options for stamping out a frenzy of speculation, including a potential shutdown of […]

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Bitcoin tumbles again after South Korea’s new regulations

Bitcoin tumbled again on Thursday after South Korea announced more measures to regulate trading, including a potential shutdown of exchanges, amid fevered demand for the asset in the world’s third-largest cryptocurrency market. The price of bitcoin on Thursday afternoon in Seoul fell about 8.5 per cent to Won19.93 million ($18.534) on Bithumb, one of the […]

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Bitcoin falls to $15,000 as recovery fades

Bitcoin fell to $15,000 after the cryptocurrency’s biggest rally in two weeks ended a rout that wiped more than $9,000 off the price. The largest digital coin fell 4.6 per cent to $15,214 in early trading on Wednesday in New York, having earlier climbed as much as 3.6 per cent. It later briefly fell below […]

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Bitcoin slide extends to 30% from record high

Bitcoin’s plunge extended to almost 30 per cent Friday as the frenzy surrounding digital currencies faced one of its biggest tests yet. The world’s largest cryptocurrency approached $10,000 as this week’s selloff entered a fourth day with increasing momentum. It touched a record high $19,511 on Monday. Other cryptocurrencies also tumbled, ethereum dropped as much […]

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Dollar dips from 4-week high after Alabama election upset

The dollar slipped from a four-week high against a basket of currencies on Wednesday after a Democrat won a bitter fight for a US Senate seat in deeply conservative Alabama, reducing Republicans’ already narrow Senate majority further. The reduced Senate majority could make it harder for President Donald Trump to push through tax cut plans […]

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Brexit deadlock fears push sterling to one-week lows

Sterling fell to a one-week low in volatile trading on Wednesday after the Sun newspaper’s political editor said on Twitter that a Brexit deal is unlikely this week. The Sun’s political editor Tom Newton Dunn, citing a source in the Democratic Unionist Party, said there would be no Brexit deal done this week and hopes […]

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Sterling rises to two-month high on Brexit progress

Sterling has risen to a two-month high after the UK and the European Union reached a preliminary agreement on the UK’s Brexit bill. The UK currency rose to around 88.6p against the euro, from 88.8p yesterday, a trend which if it continues will provide some relief for Irish exporters. Sterling rose across the board against […]

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Euro briefly passes 90p against sterling

The euro gained against sterling and stayed strong against the dollar on Wednesday as investors grew optimistic about the single currency’s outlook with growing doubts about the prospects of the US tax plan also underpinning gains. With growth from the economic bloc exceeding the US in the third quarter, led by economic powerhouse Germany, investors […]

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Sterling set to rise for third week as markets eye EU comments

Sterling edged higher on Friday and is poised to post gains for a third consecutive week as markets interpreted latest comments from top EU policymakers as mildly positive for Brexit negotiations though gains were capped. With general dollar weakness across the board in a week shortened by holidays in the US and Japan, the British […]

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