The U.S. dollar remained range-bound on Wednesday as traders awaited clarity on the Trump administration’s latest tariff measures, set to be announced later in the session. As of 03:10 ET (08:10 GMT), the Dollar Index edged slightly lower to 103.900, following a 3% decline in March—its worst monthly performance since November 2022. Market Focus: “Liberation […]
Dollar Surges on Safe-Haven Demand Ahead of Fed Meeting
The U.S. dollar strengthened on Wednesday, benefiting from safe-haven flows after Turkish authorities detained Istanbul Mayor Ekrem Imamoglu, the main political rival of President Tayyip Erdogan. The Turkish lira plunged in response, hitting an all-time low. At 0:45 ET (11:45 GMT), the Dollar Index—which measures the greenback against a basket of six major currencies—traded 0.3% […]
Dollar Slips Ahead of Fed Meeting, Euro Rises Before German Vote
The U.S. dollar edged lower on Tuesday as investors awaited the Federal Reserve’s latest policy meeting, while the euro strengthened ahead of a key vote on Germany’s stimulus package. At 05:00 ET (09:00 GMT), the Dollar Index—which measures the greenback against a basket of six major currencies—traded 0.1 percent lower at 102.890, remaining above last […]
Brazil Debate Draft Law to Allow Partial Payment of Wages in Bitcoin
Workers in Brazil could receive part of their salaries in Bitcoin or other cryptocurrencies if the National Congress approves a new bill that seeks to regulate this form of payment. The proposal, identified as PL 957/2025, was presented by Deputy Luiz Philippe de Orléans-Braganza and raises the possibility of employers and employees agreeing to the […]
Dollar Loses Ground Due to Economic Concerns, The Federal Reserve Meeting is Being Watched
The U.S. dollar edged lower on Monday, nearing a five-month low as concerns grow that uncertainty surrounding the Trump administration’s tariff policies could slow economic growth. At 08:05 ET (12:05 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, was down 0.2% at 103.162, approaching last week’s five-month low. […]
US Inflation Slows in February, Bitcoin Surpasses $84,000
Inflation in the United States showed signs of moderation in February, with consumer prices rising 0.2 percent compared to January, according to the Consumer Price Index (CPI) data released on Wednesday. On an annual basis, inflation fell to 2.8 percent, down from 3 percent the previous month. Following the release of the report, Bitcoin reacted […]
Euro Moderates, Dollar Gains Strength Amid Tariff Turmoil and Upcoming CPI Data
The euro remained largely stable on Wednesday, while the dollar saw a modest rebound from recent losses as traders assessed Europe’s reaction to fresh U.S. tariffs and positioned for key inflation data. By 06:37 ET (10:37 GMT), the euro edged down 0.1% against the dollar to $1.0911, while the U.S. dollar index—tracking the greenback against […]
Dollar Weakens Amid Growth Concerns, Euro Strengthens on Hopes of German Defense Deal
The U.S. dollar slipped on Tuesday as persistent concerns over a potential recession weighed on investor sentiment, while optimism surrounding a possible German defense spending deal boosted the euro. By mid-afternoon in European trading, the dollar index, which measures the greenback against a basket of major currencies, fell 0.6 percent, hovering near a four-month low. […]
Mark Carney will be the new Prime Minister of Canada: What does this mean for Bitcoin?
Mark Carney, former governor of the Bank of England and the Bank of Canada, is about to become the next Prime Minister of Canada. However, his rise does not seem to be good news for Bitcoin (BTC), as he has been a constant critic of cryptocurrencies. On March 9, Carney won a resounding victory with […]
U.S Stock Futures Decline, Recession Fears Grow
U.S. stock index futures fell on Monday, extending last week’s selloff as investors remained cautious about the economic impact of President Donald Trump’s tariff policies. As of 05:25 ET (10:25 GMT): Stocks Under Pressure After Heavy Weekly Losses Major U.S. stock indexes posted steep declines last week after Trump imposed 25% tariffs on Mexico and […]