By: Martin Jekic
Friday, the euro made up for its losses from the day before. In early trading, the price of the common currency was $1.0210. On Thursday, it had dropped to $1.01, but was still worth a lot. Thursday afternoon, the European Central Bank (ECB) set the reference rate at $1.0122. Before the weekend, there will be […]
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On Thursday, the euro lost the ground it had made the day before. In the afternoon, the lowest value of the common currency was 1.0114 US dollars. It was still over $1.02 in the morning. The reference rate was set by the European Central Bank (ECB) at 1.0122 dollars (Wednesday: 1.0152 dollars). So, it cost […]
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Argentine’s economy and government are in bad shape, so the country’s central bank has taken steps to encourage farmers to sell and export soybeans. A statement from the central bank says that the new system will let farmers get a better exchange rate for US dollars than what the official foreign exchange market can offer. […]
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On Wednesday, the euro gave up its early gains. The most recent price of the European common currency in US dollars was 1.0123. It was traded at about the same price as when it first started trading. The euro went up to $ 1.0172 at noon. The reference rate was set by the European Central […]
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The price of Bitcoin (BTC) is up 5.6% in the last 24 hours and back above $30,000 on Monday. This is a brief sign of strength in the middle of a record losing streak. Bitcoin’s price has gone down for nine weeks in a row for the first time in its history. It went from […]
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The Fair value of Bitcoin is $38,000 USD according to JPMorgan strategists The Bitcoin price is currently below its fair value, according to JPMorgan making Bitcoin one of the bank’s preferred alternative investments. The banking giant believes there is room for the digital asset class to rebound, unlike other alternative assets. Benjamin Cowen, a leading […]
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Inflation in Canada remains excessively high – What does this mean for the Canadian dollar? The Canadian CPI print proved what the markets already thought, which is that inflation will keep going up and force the Bank of Canada to raise rates even more. Toni Gravelle of the Bank of Canada said last week that […]
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The price of Bitcoin shows that there are three main places to buy at $29,000, $19,500, and $12,000 USD. Due to a bearish flag and inefficiencies in the market, the price of Bitcoin could fall to $19,500 or even lower. The bearish thesis will be proven wrong if the weekly candlestick closes at more than […]
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The Turkish lira fell another 2% against the US dollar, making it the 9th day in a row that it did so. Oil producers were happy when oil prices went up, but almost everyone else, including Turkey, was unhappy. One of its side effects is inflation, which keeps going up around the world. Turkey has […]
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If you’re worried about how inflation will affect your spending, you can take a deep breath for another month because April’s retail sales numbers were strong. The headline number for April print retail sales was 0.9 percent, which was lower than the expected 0.9 percent and higher than March’s 1.4 percent (which was revised up […]
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