As a result, the US dollar trade surplus widened from $75.34 billion to $125.16 billion. The better-than-expected trade figures drove buyer demand for the Aussie dollar. China accounts for one-third…
Day: March 9, 2024
Robinhood inks deal with Rich Paul’s KLUTCH Sports for partnerships
US neobroker Robinhood (NASDAQ:HOOD) has announced that it has signed a new strategic partnership with KLUTCH Sports Group, that will see KLUTCH Sports and its Property Sales division serve as…
Quarter-ends add $184bn to FX swap costs, study finds
A new research paper suggests the widening of bid/ask spreads at quarter-end could be generating as much as $184 billion in additional transaction costs within the foreign exchange swaps market.…
Bitcoin gets its legs again as Asian bids emerge
BTC 10 mins Bitcoin cut through $60,000 in US trade and then exploded higher to $63,933 before a harsh reminder of two-way volatility in an air-pocket down to $58,798. But…