The British pound traded flat against a resilient U.S. dollar on Monday, as currency markets looked past soft U.S. employment figures and focused on the upcoming release of potentially hawkish Federal Reserve meeting minutes.
U.S. Treasury yields declined as investors reacted to a much weaker-than-expected June jobs report, increasing speculation about potential Federal Reserve rate cuts. Markets are now focused on the upcoming release of the Fed's June meeting minutes for further policy guidance.
The U.S. dollar was little changed on Monday after posting its largest single-day loss in over two months, as currency traders await fresh signals on monetary policy from the Federal Reserve.
The U.S. dollar edged lower as a drop in crude oil prices eased inflation worries and traders digested Federal Reserve minutes that revealed a divided outlook on interest rates.
The Japanese yen strengthened after officials signaled a plan to encourage the nation's massive government pension fund to increase domestic investments. The U.S. dollar was little changed, poised for a slight weekly gain ahead of key inflation data.
The cryptocurrency recovered above a key psychological level after a sharp quarterly decline, but faces continued pressure from record ETF outflows and expectations of higher U.S. interest rates.
The world's largest cryptocurrency gained over 2% after the U.S. nonfarm payrolls report for June came in significantly below expectations, leading investors to scale back bets on an imminent interest rate increase.
The cryptocurrency gained over 2% after the U.S. nonfarm payrolls report showed job growth slowed significantly in June, leading traders to scale back bets on further Federal Reserve interest rate increases.
Global crypto firm BTSE Group has launched a regulated digital asset exchange in Indonesia through a joint venture, aiming to capture a share of one of Asia's fastest-growing crypto markets. The new entity, BTSE Indonesia, is licensed by the country's financial authority and will offer local currency trading pairs.
