Taiwan's central bank intervened in the foreign exchange market in June to manage its currency, causing its foreign reserves to fall to $597.15 billion amid a strengthening U.S. dollar.
The Japanese yen weakened to the 162-per-dollar level, approaching a 40-year low, as currency traders grew more confident in the absence of immediate intervention from Japanese authorities.
The U.S. dollar was little changed on Monday, stabilizing after its worst session since late April as investors await fresh signals on monetary policy from the Federal Reserve. The Japanese yen remained under pressure, hovering near a 40-year low.
JPMorgan analysts caution that MicroStrategy's recent shift to a policy allowing Bitcoin sales introduces significant uncertainty and 'two-way flow risk' for the broader cryptocurrency market.
The Canadian dollar strengthened against its U.S. counterpart, reaching its highest level since mid-June after the domestic economy added significantly more jobs than forecast, reinforcing expectations for a stable monetary policy.
JPMorgan analysts caution that MicroStrategy's shift from a buy-and-hold strategy to one allowing Bitcoin sales could introduce significant uncertainty and 'two-way flow risk' for the cryptocurrency market, given the firm's massive holdings.
The Canadian dollar strengthened against its U.S. counterpart after June employment data significantly beat analyst expectations, fueling signs of a second-quarter economic rebound.
Multi-asset broker Vantage has launched XAUUSD247, an over-the-counter (OTC) contract for difference (CFD) product that enables eligible clients to trade gold around the clock, including on weekends.
Cardano's ADA token experienced its largest single-day percentage gain since February, climbing more than 12% on Saturday and pushing its market capitalization back above $7 billion.
