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FOREX-Dollar higher on safety bid as data spurs growth worries

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Misty 23-07-15 02:53 view6 Comment0

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The former Eels fullback has always maintained the sexual encounter was consensual - but following his release in February last year when the Court of Criminal Appeal quashed Hayne's conviction, a retrial was ordered.

BlackRock filed for a prospective spot bitcoin ETF on June 15, undeterred by the Securities and Exchange Commission's (SEC) past record of rejecting every such application. The news helped bitcoin bounce out of the doldrums and snap two consecutive weeks of losses.

Package delivery firms FedEx and United Parcel Service Inc dropped after FedEx posted disappointing quarterly earnings and said waning global demand is pressuring its profit margins.

The digital asset space is looking to regain popularity after a bruising 2022 that saw several crypto ventures collapse, including the spectacular implosion of Sam Bankman-Fried's FTX.

Despite the misogynist influencer previously claiming to be a 'trillionaire', a press release from Romania's anti-organised crime prosecution's unit DIICOT suggested Tate's true fortune was more likely around £10 million.

Data out on Friday showed that Japan's core consumer inflation exceeded forecasts in May and an index excluding fuel costs rose at the fastest annual pace in 42 years, putting pressure on the BOJ to phase out its massive stimulus.

A key issue was that the exchanges did not name the crypto-trading platforms with which it planned to enter into surveillance-sharing agreements to help detect fraud in the underlying bitcoin markets, the person said.

"They (the BOE) are trying to jump in front of inflation but at what cost? The mortgage market is seizing, the cost of living crisis is not easing and the GBP is going to be caught in the crossfire," Brad Bechtel, global head of FX at Jefferies, said in a note.



About 48% of respondents in a survey this year of 549 international professional investors by TrackInsight, J.P.

Morgan Asset Management and State Street said they would consider investing in single-cryptocurrency exchange-traded products, versus 37% who were interested in investing directly.

The Aussie and 币安手续费 yuan were Tuesday's largest losers and were in no mood for a bounce early on Wednesday.

China had cut rates by less than expected and while its post-COVID recovery stalls, hoped-for major stimulus is yet to arrive.

Powell told lawmakers the fight against inflation still "has a long way to go" and that despite a recent pause in interest rate hikes officials agreed borrowing costs would likely need to move higher.



The dollar was higher against the euro on Friday after data showed U.S.
business activity growth slowed in June but services kept humming along and as the U.S. currency drew support from a bout of risk aversion driven by hawkish comments from global central banks.

Friday's data arrived after rate hike surprises and hawkish comments from central banks globally which have renewed market fears that policymakers have further to go in tightening policy to tame inflation, even at the risk of tipping their economies into a recession.

"Markets had priced in a lot of hawkishness from Powell prior to his testimony, so his comments didn't really surprise too much on the hawkish end," said Carol Kong, a currency strategist at Commonwealth Bank of Australia (CBA).

The Norwegian crown, on the other hand, was about 1% higher against the U.S.

dollar after the Norges Bank raised its benchmark interest rate by 50 bps to a 15-year high, more than expected by a majority of economists surveyed by Reuters, and said it aimed for another hike in August.

Bitcoin hit a 13-month high of $31,500, continuing to find support due to recent plans by fund managers to launch a U.S.-listed spot bitcoin exchange-traded fund (ETF).

The Aussie puncher spoke passionately about the potential dangers cisgender women could face if trans athletes are cleared to box them.

Chinese chemical manufacturing companies have been deeply involved in trafficking the precursor chemicals used to make the fentanyl that reaches the U.S., according to The Justice Department.

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