May 8, 2025 2:58 pm
Key Moments: ETH experienced a growth acceleration on Thursday, climbing by 11.64% to $2,005.86. The Pectra upgrade, activated on May 7th, increased Ethereum’s validator stake cap from 32 ETH to 2,048 ETH. Bitcoin rose above the $99,000 mark and has been trying to reach $100,000. Ethereum Reaches $2,000 Amid 11.65% Climb, Bitcoin On Its Way […]
Read moreMay 8, 2025 1:18 pm
Key Moments: The Bank of England lowered its benchmark rate to 4.25% on May 8th. The sterling strengthened against the dollar, with the GBP/USD climbing 0.31% to 1.3330. Current BoE forecasts point to a 1% increase in economic growth in 2025. Bank of England Lowers Rates The British pound gained ground on Thursday after the […]
Read moreMay 8, 2025 11:22 am
Key Moments: The Indian rupee dropped by 1% against the US dollar on Thursday. An earlier USD/INR surge saw the rate climb past 85.7900, marking the rupee’s steepest drop in years. Military escalations between India and Pakistan, including drone strikes and retaliatory artillery exchanges, triggered a flight from Indian assets. The US Dollar Index has […]
Read moreMay 8, 2025 8:51 am
Key Moments: The US Dollar Index managed to reach the 100 mark. The yen extended its Wednesday decline into Thursday, depreciating 0.62% against the greenback. Market expectations regarding a potential BoJ rate increase could aid the yen. The USD/JPY advanced on Thursday, climbing by 0.62% to 144.70 amid renewed optimism around US trade negotiations. US […]
Read moreMay 7, 2025 1:32 pm
Key Moments: Bitcoin’s price experienced an increase on Wednesday, reaching $96,978 after an earlier climb saw the currency jump past $97,000. Enthusiasm surrounding crypto assets surged after it was reported that Washington and Beijing will meet to discuss trade relations later this week. New Hampshire’s Governor authorized state investments in digital assets and precious metals […]
Read moreMay 7, 2025 1:20 pm
The USD/SEK currency pair hovered above a fresh 2-week low of 9.5361 on Wednesday ahead of the outcome of the Federal Reserve’s and Sweden’s Riksbank policy meetings. The Fed is widely expected to leave its federal funds rate target range intact at 4.25%-4.50% at its May 6th-7th meeting. The minutes of the FOMC meeting in […]
Read moreMay 7, 2025 11:21 am
The USD/NOK currency pair traded mostly flat just above a fresh 1-month low of 10.2425 on Wednesday ahead of the outcome of the Federal Reserve’s and Norges Bank’s policy meetings. The Fed is widely expected to leave its federal funds rate target range intact at 4.25%-4.50% at its May 6th-7th meeting. The minutes of the […]
Read moreMay 7, 2025 6:48 am
Key Moments: USD/JPY climbed 0.44% on Wednesday, reaching 143.04. The US Dollar Index stayed above the 99.300 mark. Market enthusiasm improved on news that trade discussions between the US and China will take place in Switzerland later this week. Yen Weakens as Risk Sentiment Rises The USD/JPY pair gained traction on Wednesday, with the greenback […]
Read moreMay 5, 2025 2:00 pm
Key Moments: EUR/USD reached 1.1355 on Monday as renewed selling pressure pushed the US Dollar downwards. The US Dollar Index fell 0.52% to 99.518. Traders continued to anticipate further ECB rate cuts, while expectations surrounding a potential rate decrease by the Federal Reserve remained low. Euro Climbs as Dollar Slips on Trade Concerns and Fed […]
Read moreMay 5, 2025 11:57 am
Key Moments: The USD/TWD pair plummeted 5.88% on Monday, extending the New Taiwan Dollar’s two-day rally. Taiwan’s central bank denied any US request for a stronger Taiwan dollar. Lai Ching-te urged an end to misinformation regarding foreign exchange discussions. Currency Spikes as Speculation Swirls Around Taiwan-US Trade Talks A dramatic rally saw the New Taiwan […]
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