The Sri Lankan rupee fell to an all-time low of 179.00 per dollar on Wednesday, a day after Moody's downgraded the country's credit rating, as a political crisis worsens a rout in the currency. Moody's downgraded Sri Lanka on Tuesday for the first time since it started rating the country in 2010, blaming the political crisis for aggravating already problematic finances. The downgrade coincided with a decision by the International Monetary Fund to delay discussions on its loan tranche to Sri Lanka.
The European Commission took its first step on Wednesday towards disciplining Italy over its draft budget and said that the government should face action from the EU to reduce its deficit. The euro spiked earlier in the session on a report that Deputy Prime Minister Matteo Salvini may be open to reviewing the fiscal plan for 2019. Salvini later said he was not open to negotiations over Italy's deficit target of 2.4 percent of gross domestic product, though other aspects of the budget could be discussed.
Investing.com - The dollar slid lower against a currency basket on Wednesday as risk aversion eased, dampening safe haven demand, but losses were held in check amid persistent concerns over slowing global growth and the U.S.-China trade war.
Investing.com - Gold prices inched up on Wednesday in Asia while the dollar was flat as traders eyed U.S.-China tensions.
Investing.com - The dollar was flat on Wednesday morning in Asia despite a fall in U.S. stocks overnight. Other major currencies were also mostly unchanged.
Investing.com - Cryptocurrency prices continued to slide on Wednesday, as Bitcoin tumbled to as low as $4,051.
The Sri Lankan rupee fell to a record low against the dollar on Wednesday, a day after Moody's downgraded the country's credit rating, as a political crisis worsens a rout in the currency. Sri Lanka's markets were close for a holiday on Tuesday. Moody's downgraded Sri Lanka on Tuesday for the first time since it started rating the country in 2010, blaming the political crisis for aggravating already problematic finances.
The Justice Department has intensified its probe into crypto exchange Bitfinex and Tether, a prominent stablecoin, which some allege is artificially inflating bitcoin values, according to reports, including one from Bloomberg. The report comes after a University of Texas study linked issuance of Tether with increases in the price of bitcoin. In fact, this morning, a prominent Bitfinex skeptic Twitter user noted that the price of bitcoin jumped after an injection of $50 million worth of Tether.
Investing.com – The dollar rose against its rivals Tuesday after U.S. housing starts rebounded in October, but analysts warned the housing market remained challenged.
The U.S. dollar Tuesday bounced back from a modestly negative performance at the start of the week, in turn putting pressure on its major rivals, the euro and British pound, that continue to grapple with local political issues.
It got heated in Papua New Guinea over the weekend, where Asia-Pacific Economic Cooperation nations met to show the world how disruptive the U.S.-China trade dispute really is.
The S&P 500 fell 35 points, or 1.33%, to 2,654.92 as of 9:36 AM ET (14:36 GMT), while the Dow tumbled 406 points, or 1.62%, to 24,611.05 and the tech-heavy Nasdaq Composite was down 116 points, or 1.65% to 6,912.27.
Investing.com - Gold prices were on track for a sixth-straight session of gains on Tuesday as a string of dovish remarks from Federal Reserve policymakers and an equity selloff supported the precious metal.
LONDON MARKETS London’s main bourse fell sharply Tuesday amid a global rout spurred by trade tensions and losses for big U.S. tech and internet names in the U.S. How are markets performing? The FTSE 100 (UK:UKX) fell 0.
European stocks were facing their worst finish since late 2016 on Tuesday, as a global equity rout spread around the globe, with tech stocks particularly hard hit.
Latin American currencies and stocks weakened on Tuesday, extending losses from the previous session as a world-wide rout in stock markets continued. The Mexican peso fell 0.5 percent against the dollar ...
Investing.com - U.S. futures pointed to a lower open on Tuesday, with the Dow on track for a triple-digit loss amid worries over technology stocks as investors looked ahead to retail earnings.The S&P 500 futures fell 16 points or 0.60% to 2,680.0 as of 6:38 AM ET (11:38 GMT) while Dow futures were down 130 points, or 0.52%, to 24,899.0. Meanwhile tech heavy Nasdaq 100 futures decreased 72 points, or 1.08%, to 6,600.0.Technology stocks closed in the red on Monday, amid worry over demand for new Apple AAPL products over the holiday season.Apple Inc (NASDAQ:AAPL) fell 1. ...
Due to the deteriorating value of Venezuela’s fiat currency, the Bolivar Sovereign, a major department store in the country is now accepting payment in selected cryptocurrencies. Through its social media pages, Trakis announced that it will be accepting payments in Bitcoin Cash (BCH), Bitcoin Core (BTC), Dash (DASH), Ethereum (ETH) and litecoin (LTC). Could Trakis’ […] The post Venezuelan Department Store Retailer Now Accepts Payments in Cryptos appeared first on Market Exclusive.
Investing.com - Litecoin was trading at $32.135 by 03:48 (08:48 GMT) on the Investing.com Index on Tuesday, down 20.62% on the day. It was the largest one-day percentage loss since September 14, 2017.
Investing.com - The dollar slid lower on Tuesday, to trade at a near two week low against a currency basket as investors remained subdued ahead of the U.S. Thanksgiving holiday later in the week.
Investing.com - Litecoin was trading at $34.944 by 03:10 (08:10 GMT) on the Investing.com Index on Tuesday, down 14.27% on the day. It was the largest one-day percentage loss since November 19.
Investing.com - Gold prices were little changed on Tuesday even after New York Fed President John Williams (NYSE:WMB) said the Federal Reserve “will be likely raising interest rates somewhat.”
Investing.com - The dollar was flat while the Aussie slipped on Tuesday. Comments by New York Fed President John Williams received some focus as he said the Federal Reserve “will be likely raising interest rates somewhat.”