SINGAPORE/LONDON, Nov 22 (Reuters) – The dollar retreated on Tuesday after rallying the previous day when investors rushed to the safe-haven currency on worries about China’s COVID flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin. The euro was up 0.3% at $1.0265 after an 0.8% loss on Monday,…
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FTX holds $1.24 bln cash balance ahead of bankruptcy hearing
NEW YORK/LONDON, Nov 22 (Reuters) – FTX has a total cash balance of $1.24 billion, a court filing by advisers on the stricken crypto exchange’s restructuring showed ahead of U.S.bankruptcy hearings set for later on Tuesday. The collapse of FTX, once one of the world’s largest cryptocurrency exchanges, has left an estimated 1 million creditors…
Marketmind: Wild oil ride amid China and crypto woe
A look at the day ahead in U.S.and global markets from Mike Dolan.Turbulence in oil, China’s COVID crunch and unravelling cryptocurrencies make for uncomfortable reading for investors starting to parse what looks like a recessionary year ahead. Higher interest rates and slowing economies dominate most 2023 outlooks, not least Tuesday’s latest from the Organisation for…
Cryptoverse: Let’s talk about DEX, baby | MarketScreener
(Reuters) – As the crypto castle crumbles, some true believers say the answer is to double down on DEX.Decentralized exchanges, that is.The spectacular collapse of Sam Bankman-Fried’s FTX, a major centralized crypto exchange, has unleashed a wave of calls for more regulation from mainstream bankers and investors. By contrast, some crypto players are channeling bitcoin…
Dollar steadies as China tightens COVID curbs
SINGAPORE/LONDON, Nov 22 (Reuters) – The dollar steadied on Tuesday after rallying the previous day as investors flocked to the safe haven currency on worries over China’s COVID flare-ups, while bitcoin came under pressure after fears of fresh contagion from the collapse of crypto exchange FTX. The euro was up 0.14% to $1.0258 after an…
Dollar retreats as investors tiptoe back into riskier currencies
NEW YORK, Nov 22 (Reuters) – The dollar retreated across the board on Tuesday, ceding some of the ground gained in the previous session, as investors looked past worries about China’s COVID flare-ups, boosting demand for more risky currencies. Equities, commodities and riskier currencies were largely firmer on Tuesday, a day after fresh COVID-19 curbs…
North American Morning Briefing: Mood Sours as China Covid-19 Fears Resurface
MARKET WRAPS Watch For: CFNAI Chicago Fed National Activity Index for October; earnings from Zoom Video Technologies, Dell Technologies, J.M.Smucker and Urban Outfitters Opening Call: Today’s Headlines/Must Reads – Disney Ousts Chapek, Iger Returns as CEO – Companies Brace for Onslaught of New Activists After Change in Proxy-Voting Rules – FTX Says Top 50 Creditors…
Marketmind: Bucking the trend
A look at the day ahead in U.S.and global markets from Mike Dolan.With an anxious look at China’s worsening COVID surge, the U.S.dollar appears revitalized just as speculators turn against it for the first time this year. The approach of Thursday’s Thanksgiving holiday has most asset managers mulling next year’s outlook after a dire 2022…
Crypto Prices Today, November 21: Dogecoin, Bitcoin Trade Low | BQ Prime
The cryptocurrency market has been experiencing a bit of a downturn ever since the FTX exchange crashed.Since then, cryptocurrency prices have remained rocky and keep dropping every few days.Over the past day as well, cryptocurrency prices for major coins and tokens have seen some noticeable dips.Bitcoin, the original and largest cryptocurrency is down by about…
Stock market news live updates: November 21, 2022
U.S.stock futures pulled back in early trading Monday as Wall Street barreled into a holiday-shortened trading week.Equity and bond markets will be closed for Thanksgiving on Thursday and end trading at 1p.m.ET on Friday.Futures tied to the S&P 500 (^GSPC) sank 0.5%, while futures on the Dow Jones Industrial Average (^DJI) fell 80 points, or…