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Currencies News

Bitcoin pushes past the $3,000 mark, then slides downwards

Bitcoin hit an unprecedented milestone today, reaching the $3,000 mark and setting a new lifetime value record. It comes just weeks after the cryptocurrency broke through $2,000. Its value fell throughout the rest of the day though.

Bitcoin blows past $2,000 for the first time ever

The digital cryptocurrency Bitcoin has broken records by reaching its highest value ever recorded. The price of a single coin surged past $2,000 today before climbing even higher to $2,100. The rise has been linked to changes in China and Japan.

Hard Brexit anxiety forces pound to plummet to its 5-weeks lowest

As the hard Brexit fear intensifies, the pound fell to its lowest in the last five weeks against the euro. According to analysts, the pound is expected to fall even further if the talks of a hard Brexit carry on in the same manner.

Investors dump euro, buy dollars

The euro is falling fast as European leaders desperately try to find a solution to their debt problems, causing a move to U.S. dollars.

Op-Ed: Two Down (Europe, USA), One to Go (China)

In an effort to sanitize humungous export proceeds, China amassed trillions of dollars worth of foreign exchange reserves, mostly invested in American treasury bonds, creating a dangerous exposure to the US dollar.

Gasoline prices rise for 50th straight day

With crude oil prices on the rise - reflecting production crimping and a weaker U.S. dollar - gasoline prices have been on a steady march upward.

Op/Ed: China mentions the dollar, and the poor thing dives: anatomy of a mess

China is one of the few remaining collectors of US dollars. When one of its senior investors said something about “diversifying currency holdings to use strong currencies to offset depreciating currencies”, that meant the greenback.

Many European Currencies Lose Legal Tender Status

Many European currencies - including marks, francs, pestas, escudos, lire, guilder and others - have really gone out of style. As of Monday, July 1, they have lost their status as legal tender and are only accepted by the central banks of the 12 Eu...
 

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