Dollar

The Australian Dollar rebounds due to improved market sentiment following news of the US scaling back its goals for tariff deal negotiations. China's Caixin Manufacturing PMI climbed to 50.4 in June from 48.3 in May. The US Dollar extends its losing streak due to growing Fed uncertainty and fiscal concerns. The Australian Dollar (AUD) recovers

Federal Reserve Chair Jerome Powell testified before Congress, emphasizing the Fed's data-dependent approach. Israel-Iran ceasefire reduces demand for safe-haven assets, contributing to a weaker US Dollar. The US Dollar Index drops below 98.00 as easing Middle East tensions overshadow Powell’s hawkish comments.  The US Dollar Index (DXY) is trading lower on Tuesday following news of

Banks and large TradFi firms are preparing to join the Global Dollar network alongside firms like Robinhood, Galaxy and Anchorage, founding member Kraken said...

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Posted by African Examiner Business News, Latest Headlines Tuesday, May 6th, 2025 (AFRICAN EXAMINER) – The dollar rose in Asia on Tuesday, fuelled by hopes for trade deals to avert Donald Trump’s sweeping tariffs, while equities mostly rose as investors await the Federal Reserve’s latest policy decision. Oil also staged a comeback after tanking on

Gold drops to $3,182 amid China trade truce and fading safe-haven demand. DXY dips toward 100.60 as CPI miss renews rate cut speculation. Fed expected to hold rates steady through summer, first cut seen in September . The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies

Following the freezing of Russia-linked wallets holding USDT, the country’s Finance Ministry is now calling for homegrown stablecoin solutions pegged to alternative currencies, while officials warn that relying on tokens like USDT could harm Russia’s financial sovereignty.  According to a state media report, Osman Kabaloev, deputy head of the ministry’s financial policy department...

While United States dollar-denominated stablecoins dominate the stablecoin and real-world asset (RWA) tokenization game, other competitors are coming into play, according to Tether co-founder Reeve Collins.  Speaking to Cointelegraph in Dubai, Collins said that while dollar-backed stablecoins may be dominant, other currencies and assets may compete to back stablecoins. “The stablecoin definitely helps preserve the