Asian currencies could be on ‘back foot’ despite U.S. rate cuts: JPMorgan

Asian currencies could be on ‘back foot’ despite U.S. rate cuts: JPMorgan

The U.S. dollar is expected to remain resilient despite possible Fed rate cuts this year. Jackal Pan | Moment | Getty Images Asian currencies could be on the “back foot” this year despite signals that the U.S. Federal Reserve could cut interest rates soon, according to Julia Wang, executive director and global market strategist at … Read more

UK economic growth, January 2024

UK economic growth, January 2024

People walk along Waterloo Bridge past the City of London skyline, the capital’s financial district, on a sunny and mild day. Sopa Images | Lightrocket | Getty Images LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly. The headline figure was in … Read more

Bitcoin surpasses $56,000 benchmark in latest rally

Bitcoin surpasses ,000 benchmark in latest rally

The bitcoin halving is an event that happens roughly every four years where rewards to miners are cut in halve, effectively limiting supply of the token. S3studio | Getty Images Bitcoin, the world’s largest cryptocurrency by market cap, extended a rally in Asia trading on Tuesday, reaching a two-year high of over $56,000 and uplifting … Read more

Asian currencies that will benefit the most from the Fed’s rate cuts

Asian currencies that will benefit the most from the Fed’s rate cuts

The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. Brent Lewin | Bloomberg | Getty Images The U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar, some … Read more