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BigGo Finance·Oct 29, 202645 signal

Dollar-Yen Consolidates in Upper 157 Range in New York FX; Euro Rebounds From Year-to-Date Low After ECB Holds Rates

In the New York foreign exchange market on the 29th, the dollar-yen pair lacked direction. After the morning's decline ran its course, trading cues were scarce and the pair continued to consolidate in the upper 157 range. At 2 a.m. Japan time on the 30th (1 p.m. EDT on Oct. 29), the pair stood at 157.88 yen, about 3 se

Finance
MercoPress·Oct 29, 202645 signal

“I am the right person”: Delcy Rodríguez casts herself as guarantor of Venezuela’s transition

Venezuela’s acting President Delcy Rodríguez on Thursday presented herself as the guarantor of democratic change in the country and promised elections organised by a “renewed” electoral authority, though she set no date. “This process can only be led by someone who knows the inner workings of the Venezuelan state deeply. I know this state and I am the right person to carry this process forward,” she said.

Economy
Curzio Research·Oct 29, 202645 signal

Why higher rates aren’t hurting Bitcoin

The Federal Reserve raised interest rates in September for the first time since 2023. And following yesterday’s decision to hold rates steady, markets are pricing in a high probability of another hike in...

Finance
politico.eu·Oct 29, 202645 signal

Meet the front-runners to replace Lagarde

Lagarde’s early exit Le Pen-proofs ECB as France veers toward a debt reckoning The ECB chief is set to wade back into French politics as her centrist rivals fail to stop the momentum of left-...

Economy
BigGo Finance·Oct 29, 202650 signal

Bitcoin Climbs Past $81,000 as Strong GDP Reading Offsets Alphabet-Led Tech Rout

Bitcoin rebounded to $81,547 on Bitstamp after dipping to $79,607, lifted by U.S. data showing third-quarter GDP growth of 3.4% and PCE inflation of 3.6% year over year. The gains came despite a 1.64% drop in the Nasdaq Composite, where Alphabet fell about 13% on a revenue miss and negative free cash flow of roughly $9.1 billion tied to AI infrastructure spending. The Federal Reserve held rates at 3.75%-4%, with Chair Kevin Warsh calling activity strong and inflation elevated. Analyst Rekt Capital identified $81,400 as the key level for bitcoin's weekly close, while October is set to end with a 3.3% decline.

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