Tag: Strong Dollar

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Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the Advantage

October 10, 2022

Ten days into October, and ahead of this Wednesday’s U.S. inflation report, bitcoin prices fell to a one-week low. Prices of the world’s leading crypto asset were mostly in the red during September, trading below $20,000 for the majority of the month. As of writing, bitcoin continues to hover at these lows, with many traders…
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Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

May 6, 2022

While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic Uncertainty…
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