The EUR/USD pair remained flat during Wednesday’s session, hovering around 1.1780 after briefly touching a multi-year high of 1.1830. The euro’s advance lost steam following the U.S. Senate’s approval of President Trump’s $3.3 trillion “One Big Beautiful Bill,” which includes the entirety of his legislative agenda. The bill, passed by a 51–50 margin with Vice […]
Deutsche Bank, Germany’s largest lender, plans to launch a crypto custody service in 2026, according to Bloomberg sources familiar with the matter. The move aligns with rising institutional demand for secure digital asset solutions among traditional financial institutions. The service will focus on regulated custody for institutional and corporate clients, marking Deutsche Bank’s entry into […]
The U.S. dollar extended its decline on Tuesday, falling to multi-year lows amid growing expectations of Federal Reserve rate cuts and rising fiscal concerns sparked by President Donald Trump’s spending bill. By 04:25 ET (08:25 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at 96.275, marking its […]
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The week of June 29–July 4 promises to be pivotal for global markets, with investors watching key economic data and central bank signals amid lingering geopolitical risks. In the U.S., focus will center on core PCE, ISM PMIs, and the jobs report, which could shift expectations for Fed rate cuts, while political tensions over Fed […]
In the foreign exchange (forex) market, all transactions involve the simultaneous exchange of one currency for another. This is why currencies are always quoted and traded in pairs—when you buy one currency, you are inherently selling another. A currency pair reflects the value of one currency relative to another. For example, in the EUR/USD pair, […]
The Arizona House of Representatives passed Bill HB2324 on Tuesday, advancing legislation aimed at creating a state-managed reserve of Bitcoin and other digital assets obtained through criminal forfeiture. The bill, which was revived earlier this month, cleared the state Senate last Friday and now heads to Governor Katie Hobbs for approval. HB2324 proposes expanding Arizona’s […]
The U.S. dollar edged higher on Wednesday, though it remained near multi-week lows as easing tensions between Israel and Iran prompted investors to move away from safe-haven assets. As of 04:20 ET (08:20 GMT), the U.S. Dollar Index —which tracks the greenback against a basket of six major currencies—was up 0.2% at 97.665. Focus Shifts […]
The EUR/USD pair extended its winning streak for a fourth consecutive session, rising 0.39% to trade at 1.1619—just below the yearly high of 1.1641. The advance was driven by broad U.S. dollar weakness, spurred by easing geopolitical tensions after Israel and Iran agreed to a ceasefire. This improvement in global risk sentiment weighed on the […]
The US dollar weakened on Tuesday after President Donald Trump announced a ceasefire between Israel and Iran, triggering a wave of risk appetite that weighed on the safe-haven currency. At 03:00 ET (08:00 GMT), the U.S. Dollar Index fell 0.3% to 97.752, although it remained on track for a weekly gain. Trump declared that the […]
