Investing Ideas

Boston Fed’s first look at digital U.S. dollar nearly done, official says

Forex18 minutes ago (Sep 29, 2021 01:16PM ET) (C) Reuters. FILE PHOTO: A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo By Jonnelle Marte (Reuters) - The first phase of a multi-year research project the Boston Federal Reserve is doing with the Massachusetts Institute of Technology on the technology that could be used for a digital dollar is nearly...

Myanmar currency drops 60% in weeks as economy tanks since February coup

Forex52 minutes ago (Sep 29, 2021 07:42AM ET) (C) Reuters. FILE PHOTO: People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer (Reuters) - Myanmar's currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many...

Dollar Down, But Losses Capped as Markets Enter “Twilight Zone”

Forex32 minutes ago (Sep 29, 2021 01:02AM ET) (C) Reuters. By Gina Lee Investing.com - The dollar was down on Wednesday morning in Asia, but remained near its strongest levels in 2021. Climbing U.S. Treasury yields investor nervousness about the U.S. Federal Reserve beginning asset tapering as economic challenges start to emerge, all capped losses for the safe-have asset. The U.S. Dollar Index that tracks the greenback...

Dollar rises to 10-1/2-month peak, lifted by Treasury yield surge

Economy1 hour ago (Sep 28, 2021 03:11PM ET) (C) Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar surged to its highest in more than 10 months on Tuesday, tracking the rise in Treasury yields, as investors...

Dollar, Yen Up as U.S. Bond Yields Hit Three-Month High

Forex36 minutes ago (Sep 28, 2021 12:02AM ET) (C) Reuters. By Gina Lee Investing.com - The dollar was up on Tuesday morning in Asia, with the yen trading near an almost three-month low to the dollar, with rising U.S. bond yields attracting Japanese investors. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.07% to 93.448 by 11:54 PM ET...

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