The U.S. has reportedly resumed physical dollar shipments to Iraq after a four-month suspension, following an agreement for Baghdad to implement stricter controls preventing currency from reaching Iran.
The British pound declined against a strengthening U.S. dollar, pressured by rising oil prices amid geopolitical tensions and investor positioning for potentially hawkish Federal Reserve meeting minutes.
The British pound edged higher on Thursday, but the main driver in currency markets was a stronger U.S. dollar, supported by rising oil prices and hawkish Federal Reserve expectations following U.S. airstrikes in the Middle East.
UBS is maintaining a favorable view on the New Zealand dollar following a 25 basis point rate hike by the nation's central bank. The firm recommends a short AUD/NZD position, citing the Reserve Bank of New Zealand's hawkish outlook on future tightening.
UBS has reiterated its positive outlook on the New Zealand dollar, citing the Reserve Bank of New Zealand's recent interest rate increase and its signal of further monetary tightening.
Citigroup strategists anticipate potential weakness in the British pound against the euro following the expected appointment of a new UK Prime Minister after July 20, citing historical precedents.
Angola's central bank has added the Chinese yuan to its list of approved currencies for mandatory reserves, a move reflecting the nation's deep trade and financial ties with Beijing.
The decentralized finance project will use the capital to develop its AI-driven protocols, enhance risk management systems, and expand its ecosystem. The funding round also included participation from Zee Prime Capital and Jump Capital.
The cryptocurrency exchange announced a 4.9% 60-day annualized return for its Private Wealth Management Bitcoin funds while expanding its suite of yield-generating products for BTC holders.
