The Canadian dollar weakened against the U.S. dollar on Thursday as data showing U.S. inflation soared to a 40-year high in January raised expectations of an aggressive interest rate hike by the Federal Reserve. U.S. bond yields rose and the dollar strengthened against a basket of major currencies as the U.S. consumer price index rose […]

McDonald’s will open virtual restaurants in meta-universes, and Binance invested $200 million in Forbes – these and other important news of the cryptocurrency market in our daily review. Cryptocurrency exchange Binance has announced a $200 million investment in media holding company Forbes. The funds will support the company’s plans to enter the stock market through […]

St. Louis Fed President James Bullard said Thursday he has moved to a ” dramatically” more hawkish stance in light of the highest U.S. inflation figures in nearly 40 years and now wants to see interest rates raised by a full percentage point over the next three meetings of the U.S. central bank. “I’d like […]

The ruble is getting cheaper against the dollar on Friday morning, together with its peer currencies, reacting to the negative expectations of the Fed rate hike for risky assets; at the same time, it is getting more expensive against the euro, looking back at the dynamics of the main currency pair. At the same time, […]

Britain on Thursday published a new document expanding the range of people linked to Russia who could be subject to sanctions if Moscow decides to invade Ukraine. Britain says it will allow it to impose tough sanctions on those close to the Kremlin and involved in destabilizing Ukraine. It is part of an international effort […]

Cryptocurrency exchange Binance has bought a stake in the American edition of Forbes for $200 million, CNBC reports. According to sources, the deal will make Binance one of the publication’s largest shareholders. Binance invested $200 million in exchange for an undisclosed stake. The deal will help Forbes finalize preparations to go public via SPAC in […]

Oil prices are moderately lower on Friday morning after the publication of US inflation data triggered a rise in the dollar. US inflation in January accelerated to a 40-year record of 7.5% and triggered a rise in expectations of stronger monetary tightening by the Federal Reserve. That, in turn, “sent the dollar higher, which sent […]

The press service of the Bank of Russia reports that the balances of credit institutions on correspondent accounts with the Bank of Russia at the beginning of the operating day on February 11 amounted to 4330.6 billion rubles in the Russian Federation, including 4078.1 billion rubles in the Moscow region. At the beginning of the […]

Mexico’s central bank raised its benchmark interest rate by 50 basis points to 6.0% on Thursday, as expected. It was the sixth consecutive increase in borrowing costs by the central bank as it tries to contain price pressures amid high inflation. Four members of the Bank of Mexico’s board, including new central bank governor Victoria […]

Fed’s aggressive stance supports dollar exchange rate Nordea expects monetary policy developments to dominate the dynamics of the dollar and euro exchange rates, at least during this year. The bank notes: “The tug-of-war between the Fed and the ECB will be crucial for EUR/USD this year. The key questions will be which central bank will […]

BTC continued to rally earlier this week, hitting a monthly high of $45,000, and despite some correction in the cryptocurrency, the overall sentiment remains bullish. However, some experts are warning that bitcoin and other cryptocurrencies could fall further, and by a lot. Is BTC worth the path to falling to $10,000 in 2023? Let’s try […]

The Board of Directors of the Central Bank of Russia at a meeting on Friday, February 11, raised the key rate from 8.5% to 9.5%. The current value is the maximum since the spring of 2017. The upward cycle lasts almost a year: since April 2021, the rate, then at 4.25%, has more than doubled. […]

What happenedQuotes of the American space company Astra Space (ASTR) collapsed by 26% to $3.8 per share. The securities entered the top 10 in terms of trading volume on the SPX Exchange. The price has already dropped by 85% from the historical maximums. The reason was the failed launch of the first mission. The Rocket […]

Bond markets are gradually calming down after Thursday’s inflation shock, but stocks are opening lower again. This comes amid concerns that the Federal Reserve will act tighter and faster to reduce inflation than previously expected. ECB chief Christine Lagarde is trying to restore calm to eurozone bond markets with a more dovish message. The Michigan […]

High inflation in Russia is an indicator of the growing overheating of the economy, Bank of Russia Governor Elvira Nabiullina said at a press conference. This is reported by RBC. “If no measures are taken to return the economy to a balanced growth trajectory, its overheating will intensify and lead to an uncontrolled acceleration of […]

U.S. stock indexes fell sharply at the end of trading on Friday as investors generally shied away from risk after reports emerged that U.S. authorities expect Russia to invade Ukraine soon. “Traders in the stock market quickly began hitting the ‘sell’ button following reports that the White House expects Russia to invade Ukraine soon,” notes […]

Today’s trading in the Russian stock market began with a strong decline in prices of most blue chips on the background of negative signals from the world capital markets, as well as fears of further escalation of geopolitical tension around Ukraine. By 07:01 Moscow time, the MosBirch index fell by 4.3% to 3394.26 points; prices […]