Search results for "FOREX"
10:31

ING: Expected to rise above 1.17 for Europe and the US.

Jin10 data reported on September 5th that Francesco Pesole, a forex analyst at ING, pointed out that the latest survey of European Central Bank forecasters shows that market expectations have clearly shifted towards a hawkish stance. However, for the euro against the dollar, the trend still almost entirely depends on Fed policy and U.S. data. We expect this currency pair to rebound above 1.1700. In the coming days, any developments in French political dynamics and the situation in Ukraine will remain another important factor affecting the euro. The market anticipates that the French parliament will pass a no-confidence motion against Prime Minister Borne on Monday. A realistic scenario thereafter is that President Macron will appoint a new centrist or center-right prime minister to push for a weakened fiscal consolidation plan. Throughout this process, political uncertainty will remain high, but we are uncertain if this will be sufficient to trigger uncontrollable fluctuations in French bonds, thereby exerting significant pressure on the euro—given the outcome of the no-confidence motion.
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07:49

Institutions: The impact of the UK budget has triggered demand for GBP Options.

Jin10 data reported on September 2nd that forex options traders have noted an increase in demand for pound-related options expiring in the months following the UK autumn budget announcement, which is expected to be released at the end of October or early November. Betting on its subsequent effects seems wiser compared to focusing on the budget itself. UK Chancellor of the Exchequer Reeves is expected to unveil a fiscally cautious plan, with tax increases and spending cuts becoming the main theme. These measures are unlikely to produce surprises on the day itself, but their cumulative effect may weigh on the pound in the coming weeks. On this basis, the potential volatility risk premium on the day of the budget announcement may be limited, while longer-term volatility trading in the following weeks may capture more fluctuations. Due to concerns over rising borrowing costs, the pound continues to face pressure, and the forex options market reflects this bearish sentiment. Traders report that the premium for pound put options has risen relative to call options, highlighting an increased demand for downside protection.
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14:24

The market is focusing on the independence of the Fed, and the dollar index maintains its rise.

BlockBeats news, on August 29, the U.S. July PCE inflation data met expectations, driving the dollar's continued rise. Meanwhile, the market is closely following President Trump's attempts to pressure the Fed into lowering interest rates. Federal Reserve Board of Governors member Waller reiterated a dovish stance, and Marc Chandler, Managing Director of Bannockburn Global Forex, stated that in light of the deteriorating labor market, he supports a Fed rate cut in September while advocating to overlook tariff-related price pressures. (Jin10)
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TRUMP22.24%
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10:53

The US dollar index fell by about 2% in August and may continue to be weak in the future.

According to ChainCatcher news and Jin10 reports, the US Dollar Index DXY fell by about 2% in August, partially erasing the gains made in July. This marks the first single-month rise in the dollar since President Trump took office. Wall Street expects that as signs of economic slowdown emerge, the Fed may cut interest rates again, and the dollar may continue its decline of over 8% this year. Jayati Baladwa, head of forex strategy at TD Securities, stated that recent actions by the US government will have a long-term impact on the dollar's safe-haven status, and the risk premium may begin to weigh on the dollar.
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TRUMP22.24%
10:53

The US dollar index fell about 2% in August, with both technical and fundamental factors pointing to continued weakness.

Jin10 data reported on August 29 that the dollar index DXY fell by about 2% in August, partially erasing the gains of July — which was the first month of dollar appreciation since Trump was inaugurated as President of the United States. Wall Street expects that as the economy shows signs of slowing and the Fed seems ready to cut rates again, the dollar may continue its decline of more than 8% this year. Trump has questioned the credibility of the Fed and the reliability of economic data, further weakening the dollar's appeal. "The recent actions of the U.S. government will have long-term effects," wrote Jayati Balladwaj, head of forex strategy at TD Securities. "This is eroding the dollar's safe-haven status, and risk premiums should begin to put pressure on the dollar." Technical analysis also indicates that the dollar is in a clear downward trend. Option pricing on Thursday showed that traders expect the dollar to decline slightly over the next three to six months. The dollar index broke below the 100-day moving average in early March this year and has been under pressure since then. This month, two attempts to break above the moving average have failed.
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TRUMP22.24%
02:28

South Korea plans to issue a record amount of government bonds in 2026 for budget financing.

Jin10 data reported on August 29 that South Korean officials stated that South Korea will issue a record 232 trillion won in bonds by 2026 to fund President Lee Jae-myung's expansionary fiscal agenda, with government spending expected to rise by 8.1% compared to this year. Of the total, 115.7 trillion won will be new net issuance of bonds. The government originally planned to issue 201.3 trillion won in national bonds this year, but after two supplementary budgets, the scale of bond issuance has increased to 231.1 trillion won. In addition to national bonds, South Korea will also seek parliamentary approval in 2026 to issue 1.4 billion dollars in offshore bonds and 13.7 trillion won in domestic currency-denominated forex stabilization bonds. The scale of national bonds is basically in line with strategists' expectations. Previously, iM Securities predicted an issuance scale of around 233 trillion won, while Citigroup's forecast was around 220 trillion won.
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00:24

Trump dismisses board member Cook, Fed's independence is hit again

Jin10 data reported on August 26th that U.S. President Trump signed an executive order to dismiss Federal Reserve Board of Governors member Cook, causing the dollar to fall due to further sustained pressure on the independence of the Fed. In the forex market, non-dollar currencies surged against the dollar, and at the same time, gold prices soared. Trump is doing everything he can to push the Fed to cut interest rates. If he successfully fires Cook, he will try to replace Cook with a "yes man" who will obey Trump's commands. If Trump's move is indeed successful, it would also allow the governors nominated by Trump to hold a majority position on the Federal Reserve Board.
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TRUMP22.24%
13:59

Analysis: It is expected that the scale of stablecoin payments will exceed 1 trillion US dollars by 2030.

Odaily News A joint report released on Thursday by crypto assets market maker Keyrock and Latin American exchange Bitso predicts that by 2030 the payment volume of stablecoins will exceed $1 trillion annually. This rise will be driven by institutional adoption of business-to-business (B2B), peer-to-peer (P2P), and credit card payment channels, which are already showing signs of rapid growth in these areas, while forex settlement may represent the largest untapped opportunity. In the coming years, all major fintech companies will ultimately integrate stablecoin infrastructure, just as software as a service (SaaS) tools have become ubiquitous. (CoinDesk)
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SAAS-9.7%
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10:04

Macquarie: The impact of the Russia-Ukraine peace protocol on the euro is twofold.

Jin10 data on August 14 reported that Thierry Wizman, a global forex and interest rate strategist at Macquarie Group, pointed out that the potential peace protocol between Russia and Ukraine could be a double-edged sword for the euro. The prospect of a peace protocol or indefinite ceasefire would weaken the buying of geopolitical safe-haven assets such as the Swiss franc and yen seen last week, and drive capital flows towards the euro; but it would also provide greater energy security and drop energy costs, as oil prices are expected to fall. In contrast to the "peace" narrative, the conflict may also boost the prospects for European rise and re-inflation, as it has triggered new commitments to increase European defense spending and related infrastructure spending. Therefore, after emphasizing the double-edged sword effect of the potential peace protocol on the euro, Wizman stated that if a ceasefire or comprehensive peace protocol is reached, the euro/USD will further rise amidst still high European defense spending.
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20:04

The US dollar index fell 0.26%, closing at 97.839.

According to ChainCatcher news, reported by Jin10, the US Dollar Index fell by 0.26% on August 13, closing at 97.839 in the forex market. As of the close of the New York forex market, 1 Euro exchanged for 1.17 US Dollars, up from 1.1669 US Dollars the previous trading day; 1 British Pound exchanged for 1.3567 US Dollars, up from 1.3496 US Dollars the previous trading day; 1 US Dollar exchanged for 147.44 Japanese Yen, down from 147.73 Japanese Yen the previous trading day; 1 US Dollar exchanged for 0.8056 Swiss Francs, down from 0.8074 Swiss Francs the previous trading day; 1 US Dollar exchanged for 1.3771 Canadian Dollars, down from 1.3777 Canadian Dollars the previous trading day.
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00:03

As of July 31, 2025, Invesco's Assets Under Management is $202.45 billion, a rise of 1.2% compared to the end of last month.

Golden Finance reported that Invesco Ltd. (NYSE: IVZ) today announced its preliminary month-end Assets Under Management (AUM) of $202.45 billion, an increase of 1.2% from the end of last month. The company achieved $5.8 billion in long-term net inflows for the month. The net outflow from non-management fee income was $400 million, while the net inflow from the money market was $4 billion. The Assets Under Management were positively impacted by favorable market returns, contributing to an increase of $22 billion. Forex fluctuations resulted in a decrease of $8.5 billion in Assets Under Management. The preliminary quarterly average total Assets Under Management as of July 31 was $202.90 billion, and the preliminary quarterly average active Assets Under Management as of July 31 was $109.59 billion.
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19:59

Dominion Securities: Stagflation is the latest risk facing the US dollar

Golden Finance reports that the forex strategist at TD Securities noted that the possibility of the U.S. falling into stagflation has become the latest risk facing the strength of the dollar, and against the backdrop of political interference in federal agencies, the dollar is gradually finding itself in the "emerging market currency situation." "Although the market seems to have overlooked inflation and shifted its focus to the slowdown in economic growth, this could be a mistake," wrote Jayati Bharadwaj, Linda Cheng, and Alex Loo from TD Securities in a report on Monday. "The last U.S. CPI report showed the first signs of tariffs being passed on to consumers, and despite some downside surprises, the market still interpreted it in a hawkish manner."
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ALEX-1.57%
12:20

Chainlink collaborates with ICE to bring forex and precious metals data onto the Blockchain

Chainlink has partnered with ICE, the parent company of the New York Stock Exchange, to integrate ICE's global forex and precious metals pricing data into Chainlink Data Streams, serving over 2000 on-chain applications and Financial Institutions, promoting asset tokenization and automatic Settlement, and facilitating the integration of on-chain finance and traditional markets.
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LINK4.13%
09:13

European companies' concerns about forex fluctuation have reached their highest level in four years.

Jin10 data reported on August 1st that European companies are experiencing unprecedented concerns over the impact of Exchange Rate fluctuations, as the strong performance of the euro in 2025 is eroding their profit expectations. Among the European STOXX 600 index constituent companies that have released financial reports so far, the mention of the term "currency headwinds" in documents and earnings calls has risen to the highest level since the first quarter of 2021.
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07:37

The British pound has rebounded against the euro as investors reduce their long positions on the euro.

Jin10 data reported on July 29 that the British pound fell to a two-month low against the US dollar, but rose to a nearly one-week high against the euro due to the trade protocol reached between the US and Europe. As concerns about a US economic recession eased, the dollar strengthened overall; however, market worries about tariffs harming the eurozone economy led to a fall in the euro. Therefore, the British pound rebounded against the euro. Chris Turner, head of forex strategy at ING, noted in a report that the rise of the British pound against the euro was also due to investors reducing their positions that previously bet on a strong euro.
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08:18

International Netherlands: The euro is under pressure and falling. The Fed is expected to maintain interest rates unchanged this week.

Jin10 data reported on July 28, analysts at ING, Chris Turner, stated in a report that the forex market's reaction to the trade protocol between the US and Europe has been limited, as there were already expectations of an agreement last week. With the market awaiting the Fed's interest rate decision this week, the euro is under pressure and falling. The market generally expects the Fed to maintain interest rates. ING forecasts that if the Fed continues to resist political pressure to cut rates, the euro to dollar exchange rate may fall to 1.16. Data shows that the currency market does not expect the Fed to cut rates before October.
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01:52

Analyst: The biggest Favourable Information of the US-Japan trade protocol lies in shifting the focus of the trade war.

Jin10 data reported on July 23, Sydney InTouch Capital Market forex analyst Sean Callow stated that the biggest favourable information for Japan in reaching a US-Japan trade protocol lies in Trump shifting the focus of the trade war. The so-called $550 billion investment is more like a political number, with limited short-term impact on the market. The US-Japan exchange rate is expected to maintain its usual positive correlation with the Japanese stock market and may rise slightly at the moment.
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TRUMP22.24%
08:41

The Euro/US Dollar risk reversal indicator shows a bullish tendency.

On July 22, Jin10 data reported that the risk reversal indicator for the euro/USD is regaining the premium for bullish positions, indicating that the forex options market's bullish sentiment is warming up. After the tariff announcement on April 2, market sentiment greatly favored a bullish outlook on the euro, pushing the risk reversal indicator to a five-year high. However, as the euro/USD spot rise was hindered around 1.1830 and positions became overcrowded, the indicator began to retreat. The dollar then rebounded, causing the risk reversal indicator for less than three months to briefly turn bearish, with put options premiums exceeding call options, but this trend did not last. Currently, the risk reversal indicator for euro/USD within three months has risen to its highest level in three weeks. The implied volatility of 25 Delta euro call options is about 0.4 volatility points higher than that of equivalent put options. This indicates that traders are becoming more optimistic about the upward potential of euro/USD, although confidence remains cautious.
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07:46

International Netherlands: Concerns over UK finances drag down the pound.

Jin10 data July 22 news, Francesco Pesole, forex strategist at ING Group, pointed out in a report that the recent depreciation of the British pound against the euro may reflect the market's concerns about the UK's fiscal situation, as well as the increasing attractiveness of the euro as a reserve currency. Data released on Tuesday showed that UK government borrowing in June rose to £20.7 billion, significantly exceeding market expectations, and this deterioration in fiscal conditions could further exacerbate market concerns. Pesole stated that although today's data did not have a significant impact on the pound, it did raise the likelihood of the UK government introducing tax increases this autumn, which will limit the pound's pump potential.
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01:46

TD Securities: The yen is expected to remain under pressure in the short term.

On July 18, Jin10 reported that a strategist from TD Securities stated in a research report that the yen is likely to remain under pressure in the short term. The strategist noted that multiple surveys indicate that the ruling coalition in Japan may not win more than 50 seats in the Senate election on Sunday to maintain its majority advantage. The forex Options market shows that as the market takes into account the risks of the election and fiscal deterioration, the tendency to short the yen is increasing. "If Prime Minister Shigeru Ishiba decides to resign due to an election defeat, USD/JPY could easily break above 149.70, as this will usher in a period of initial political turmoil."
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05:55

Institutional analysis: Trump's firing of Powell may lead to a 5% fall in the US dollar index.

Jin10 data July 17th, InTouch Capital Markets market strategist Sean Callow stated that any move by the Trump administration to dismiss Fed Chairman Powell could severely impact the dollar. Such a move could lower short-term yields due to market expectations of appointing a more dovish chairman, while increasing the risk and inflation premium of long-term U.S. Treasury bonds. Currently, there is no historical data available to assess the forex market's reaction, but he added that in the long run, the dollar index DX could easily fall by more than 5%.
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TRUMP22.24%
12:51

International Netherlands: France's spending cut plan failing may put pressure on the euro

Jin10 data reported on July 15, analysts from ING stated in a report that if French Prime Minister Borne fails to reduce the budget deficit through spending cuts, the euro could face pressure. Borne is expected to announce a cut of 40 billion euros in spending in a fiscal consolidation plan to be unveiled later. We need to closely follow the movements of French government bonds, as a failure of the spending cut plan (similar to the recent situation in the UK) seems likely to harm local fixed income products and the forex market. The recent policy reversal by the UK government on welfare reforms has raised new concerns about its fiscal situation, leading to a significant fall in UK bonds and the pound.
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08:39

The Governor of the Bank of Korea warns: The issuance of won stablecoins by non-bank institutions may lead to chaos in monetary policy.

The Governor of the Bank of Korea, Lee Chang-yong, warned of the risks of non-bank institutions issuing Korean won stablecoins, stating that it could lead to monetary policy chaos and forex regulatory conflicts similar to the "Free Banking Era" of the 19th century. The South Korean financial sector is actively preparing a dual-track plan for the legalization of stablecoins: banks may form joint ventures to issue coins while also engaging in cooperation with non-bank institutions. It is noteworthy that the Bank of Korea has suspended its central bank digital currency CBDC Han River project phase two testing, shifting its focus to observing the stablecoin legislative process and the coexistence model of CBDC/stablecoin/deposit token.
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23:37

The U.S. Department of Justice has charged two men in connection with a $650 million forex and Crypto Assets fraud case.

The U.S. Department of Justice has charged two men from Georgia and New Jersey with operating the international fraud scheme OmegaPro, involving an amount of $650 million. They promoted forex investment packages through multi-level marketing, promising high returns and requiring payment in Crypto Assets, ultimately freezing investors' withdrawals and diverting funds. The two could face up to 40 years in prison.
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06:47

Jin10 Data Organization: Daily Global forex Market News Express (July 4)

The article mainly discusses the dynamics of the US dollar and major non-USD currencies, including Trump's tariff plan, the US Non-farm Payrolls (NFP) data indicating a strong economy leading to the abandonment of rate cut expectations, and the views of central bank officials on monetary policy and economic outlook. Overall, the global reserve status of the US dollar remains solid.
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TRUMP22.24%
12:08

Citi: The tariff deadline may be a "non-issue" for G10 forex, but follow Japan.

Jin10 data reported on July 3, Citigroup forex strategists believe that the upcoming July 9 tariff negotiation deadline is likely to be a "non-event" for G10 forex to a large extent. On the EU side, Citigroup's baseline forecast is that both parties will reach a framework agreement before July 9, at which point the 10% tariff rate will be extended, and negotiations will continue. "Given the recent strength of the euro, they speculate that such news will be slightly Favourable Information for the euro, but it is not necessarily a significant driving factor, as much of the good news is already reflected in the euro price." Regarding Japan, Citigroup believes that, given Trump's recent remarks, the likelihood of reaching an agreement is decreasing. Citigroup stated, "The risk of Japan's tariff increase seems to be the highest." The bank expects that the USD/JPY will climb to 150 this summer, then fall below 140 later this year, as the Central Bank of Japan is expected to implement policy normalization, allowing the yen to regain strength.
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TRUMP22.24%
05:42

Japanese trade negotiation representatives will "visit the thatched cottage eight times," but may once again return empty-handed.

Jin10 data July 2 news, according to Asahi Shimbun, Japan's trade negotiation representative Akizawa Ryo is arranging to go to the United States for trade negotiations as early as this weekend. This will be Akizawa Ryo's eighth trip to the United States for trade negotiations. Forex site Forexlive analyst Justin Low stated that although he has visited many times, the situation is roughly the same as it was during his first visit. "The running performance" at least makes them look like they are in a difficult situation. But I think only time will tell. There is still a week until the July 9 deadline, and Trump seems to be losing patience.
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TRUMP22.24%
06:42

The Bank of Korea lifts restrictions on forex business institutions investing in kimchi bonds.

According to Gate News bot, as reported by Cryptonews, the Central Bank of South Korea has announced the lifting of restrictions on financial institutions related to forex business investing in kimchi bonds. Institutions engaged in forex business, such as banks, securities companies, and insurance companies, are now permitted to freely invest in kimchi bonds. The Bank of Korea also emphasized that in order to prevent abuse, private placements
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07:07

The market capitalization of the euro stablecoin has soared to nearly $500 million, with the euro/USD and Bitcoin rising at the same rate in the first half of the year.

Gate News bot reported that according to data from TradingView, the EUR/USD is the most liquid forex trading pair in the world, having surged 12.88% in the first half of the year, outperforming the Nasdaq and S&P 500 indices, and nearly matching the Bitcoin's rise of 14.8%. The strength of the Euro has increased the appeal of Euro stablecoins.
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BTC-1.12%
05:55

Institution: The surge in Euro Options trading increases the likelihood of continued pump in Europe and the United States.

Jin10 data June 27 - In the forex options market, the euro's volume exceeded $56 billion on Thursday, setting a staggering record. This further indicates that investors are betting that the euro may continue to pump. Data shows that forex traders are focusing on euro call options, with the contract volume betting that the euro will break through the 1.20 level against the dollar rising over the past week. This suggests that as trade wars and deepening fiscal concerns weaken dollar demand, new funds are flowing into bullish euro strategies. Shoki Omori, chief strategist at Mizuho Securities in Tokyo, stated that euro long positions are moving forward at full speed, which is reflected in the current options market. If Trump really shuts down trade, the eurozone will become the largest economy outside the United States, and investors will be looking to invest in euros. Antonio Ruggiero, a strategist at forex and global payments company Convera, noted that geopolitical tensions and their traditional hedges.
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TRUMP22.24%
15:01

Niural has completed a $31 million Series A financing round, dedicated to building an AI-driven global PEO platform.

PANews, June 26 - Niural announced the completion of a $31 million Series A financing led by Marathon Management Partners. Niural is reshaping global CFO and human resources operations with the world’s first AI-native PEO platform. Its end-to-end global PEO and payment platform is powered by a self-developed tax engine and the AI collaboration tool EMMA, helping businesses save over 60 hours a month, drop labor and forex costs by 50%, and reduce payroll errors by 90%. In the past year, Niural achieved a 700% ARR rise, with clients including well-known companies such as Tensor and Polygon Labs. This round of financing will further advance its mission to create an AI intelligence hub for modern enterprise CFOs.
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TNSR-1.06%
12:09

Bank of England Governor: The strength of the pound is related to uncertainty in the United States.

Jin10 data reported on June 26 that Bank of England Governor Bailey stated on Thursday that the recent strength of the pound reflects a change in investor expectations for the U.S. economy, rather than the usual divergence in interest rate outlooks that drives the forex market. "Clearly, some significant structural changes are occurring due to the uncertainty and unpredictability of the world around us," Bailey said at a meeting held by the British Chambers of Commerce. He also added that investors are reevaluating their heavy position in U.S. assets.
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03:19

The South Korean prosecutors seized Crypto Assets worth 3.2 million dollars while investigating illegal forex trading.

PANews June 26 news, according to the Korea Herald report, South Korean prosecutors raided a group suspected of earning billions of won in fees through unregistered forex operations, seizing crypto assets worth 4.4 billion won (approximately 3.2 million USD), including Ether. The group is suspected of conducting illegal currency exchanges over the past six years, profiting from transaction fees by receiving personal funds and using online payment platforms to deposit into different currency accounts.
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ETH-0.62%
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01:13

OMFIF: It is expected that by 2035, the average share of the US dollar in global forex reserves will be 52%.

Gate News bot news, the Official Forum for the International Monetary Financial Institutions (OMFIF) expects that by 2035, the dollar's share of global forex reserves will average 52%, still making it the largest reserve currency, but down from the current 58%. The uncertainty of domestic politics in the United States is a significant reason for the dollar's declining prestige.
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BOT-8.89%
05:50

Gavin Wood: Collaboration among Ethereum, Solana, and Polkadot is challenging but not impossible

Golden Finance reported that Gavin Wood, the founder of Polkadot, stated in a recent interview that the collaboration among Ethereum, Solana, and Polkadot is very difficult and faces great resistance, but not insurmountable. This is because the market has turned technical issues into a competition, making cooperation impossible. If the "" itself is completely separated from "Token," all tokens can circulate and be used on the upper layer, retaining their own identity and token economic model, while also achieving interoperability like forex through floating exchange rates.
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ETH-0.62%
SOL1.44%
DOT3.96%
02:42

Goldman Sachs believes that currency coin Hedging will accelerate the fall of the US dollar

Gate News bot message, according to Bloomberg, Richard Chambers, the head of global trading at Goldman Sachs, said that as foreign investors increase their coin hedging efforts, the dollar may continue its worst start to the year. 'Given the intensified Fluctuation, we do expect the forex Hedging ratio to rise,' Chambers said at an event hosted by the International Swaps and Derivatives Association in New York.
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BOT-8.89%
TRUMP22.24%
02:34

After the U.S. "military" intervention, the world is waiting for Iran's response, and the dollar strengthened in the morning.

According to Gate news and Bloomberg reports, the US dollar strengthened in the early session as investors sought to avoid the escalating geopolitical risks following the US attack on Iran. On Monday, the dollar rose slightly against the euro and most major forex currencies in Asia. The explosion intensified safe-haven demand and raised concerns about energy supply, leading to a rise in crude oil futures prices while US stock futures prices fell. US Treasury prices declined, reversing earlier gains. Diego Fernandez, Chief Investment Officer at A&G Banco in Madrid, stated: "We expect some risk aversion, but it will not be severe. Without the Iranian nuclear threat, the world may be safer, but we still need to observe Iran's response and the evolution of the conflict."
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TRUMP22.24%
10:53

Bitunix analyst: The US dollar continues to fluctuate, the foreign exchange market is waiting for Powell's testimony, and the crypto market is poised for action.

BlockBeats news, on June 21, this week the forex market fluctuated with the dollar index stabilized, reaching a three-week high against the yen, reflecting the market's comprehensive response to the easing situation between Iran and Israel and the shift in The Federal Reserve's policy. FED Governor Waller expressed support for a possible interest rate cut as early as July, and Powell will testify in Congress next week, with his tone likely to dominate the short-term dollar and asset price movement. The Bank of Japan remains inactive, but economists estimate that the likelihood of a rate hike before autumn is increasing, while the Bank of England held rates steady at 6:3, reflecting internal divisions. Positive signals have emerged from Middle East negotiations, but the market remains cautious about trade wars and inflation risks, with the direction of multiple central banks becoming a focal point for market attention. Bitunix analysts suggest: next week's Powell testimony and geopolitical news may become the triggers for fluctuations, advising investors to wait for direction confirmation before making plans. BTC support level is at $103,300-$102,700.
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BTC-1.12%
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03:45

Geopolitical factors combined with tariffs have caused the Vietnamese dong to hit a low.

Jin10 data reported on June 19, the Vietnamese Dong exchange rate fell today, breaking below the historical low reached in April, due to reports that the United States is preparing possible strikes against Iran, leading to a general weakening of Asian currencies. For Vietnam, which relies on exports, the Vietnamese Dong is also under additional pressure as the US plans to impose a 46% tariff on its goods. An Asian forex and Interest Rate Senior Analyst stated: "The weakness of the Vietnamese Dong is more related to the rebound of the US dollar. Before trade tensions ease, the Vietnamese Dong may perform lagging within the region."
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