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Currency markets

Alabama woman pleads guilty to defrauding pandemic relief fund out of $2 million

by Shawn Butlere
Alabama woman pleads guilty to defrauding pandemic relief fund out of  million

MONTGOMERY, Ala. — An Alabama woman has pleaded guilty to federal wire fraud and money laundering charges for fraudulently claiming nearly $2 million in pandemic relief funds. Tametria Conner Dantzler, …

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Categories Health

Banks get bullish on the British pound

by Adrian Jhonsan
Banks get bullish on the British pound

LONDON — With sterling as one of the best performing major currencies so far this year, analysts at various investment banks believe that the British pound still has more room …

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Categories World

Japan confirms $36.8 billion yen intervention as BOJ hikes rates

by Adrian Jhonsan
Japan confirms .8 billion yen intervention as BOJ hikes rates

New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start to circulate from …

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Categories World

Crypto firm Ledger hikes price of Stax crypto wallet, launches Flex

by Adrian Jhonsan
Crypto firm Ledger hikes price of Stax crypto wallet, launches Flex

The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. It sports an E-ink display and can be used to secure a range of crypto assets. …

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Categories World

Gold heads for record high close on view the Fed poised to cut rates

by Adrian Jhonsan
Gold heads for record high close on view the Fed poised to cut rates

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023.  Chalinee Thirasupa | Bloomberg | Getty Images Gold …

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Categories World

Japan’s yen surges after U.S. data as traders monitor intervention

by Adrian Jhonsan
Japan’s yen surges after U.S. data as traders monitor intervention

People stand outside a money changer looking at the rates of the Japanese yen against foreign currencies, along a street in central Tokyo on April 29, 2024.  Richard A. Brooks …

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Categories World

Why the Fed cutting interest rates may weaken the U.S. dollar

by Monica Lozano
Why the Fed cutting interest rates may weaken the U.S. dollar

SeongJoon Cho/Bloomberg via Getty Images The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s …

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Categories Travel

Yen crosses 160, heightening intervention expectations

by Adrian Jhonsan
Yen crosses 160, heightening intervention expectations

Sheets of newly-designed Japanese 10,000 yen banknotes move through a machine at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 19, 2024. Persistent weakness in the …

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Categories World

China’s yuan RMB internationalization needs more ‘applications,’ HKEX CEO

by Adrian Jhonsan
China’s yuan RMB internationalization needs more ‘applications,’ HKEX CEO

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters DALIAN, China …

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Categories World

King Charles banknotes enter circulation for the first time

by Adrian Jhonsan
King Charles banknotes enter circulation for the first time

A press preview held for the ‘The Future of Money’ exhibition at the Bank of England Museum in London, United Kingdom on February 27, 2024. Rasid Necati Aslim | Anadolu …

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Categories World
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