Taiwan’s forex (foreign exchange) reserves reached record levels at the end of July, largely due to the exceptionally high returns on the Central Bank of the Republic of China (Taiwan)’s investment portfolio, as confirmed by the bank on Monday.
Despite expressing downright disdain for bitcoin on several occasions in the past, it would appear that Jamie Dimon has had a major change of heart for digital currencies. The JPMorgan Chase chief executive was a renowned critic of cryptocurrencies once upon a time, but on February 14
Over the last few months, market experts have been sounding the death knell for the United States’ dominance in world trade and the effectiveness of the dollar as the reserve currency, which has historically enjoyed strong investor confidence.
Turkey’s official currency, the lira, has been at the forefront of global news for the last couple of months. While speculations are running rife that the ongoing conflict in Syria is leading the United States to up its ante against Turkey
The United Kingdom will formally exit the European Union in March 2019. Both the UK and the countries representing the euro area are expectantly readying for the massive changes that are likely to follow once Britain exits.
It’s been the year of the bitcoin bloodbath, as crypto-carnage reached new highs with bitcoins and the other well-known names in digital-currency markets extending a freefall. Likewise, Ethereum, Litecoin, Bitcoin Cash and Ripple followed a similar pattern in February of this year.
2017 was a banner year for cryptocurrencies. Bitcoin—the flagbearer of the cryptocurrency market—reached heights of 3,000-percent growth, turning droves of investors into overnight millionaires.
Investors are hopping on to the cryptocurrency bandwagon, with reports of cryptocurrency mining and the bitcoin fork coming out. Will the cryptocurrency prove its mettle, or is it just a designer currency that is a passing fad?
If cryptocurrencies were to be branded as the most recent addition to the existing financial instruments, they would effortlessly take over the podium as the best-performing asset class in 2017.
The US dollar is edging higher versus its key counterparts in December, as central banks from the UK, US and eurozone meet separately to take stock of the performance of their respective economies and announce their monetary-policy verdicts for the last time this year.