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Dollar in demand after weak Chinese activity data dent risk sentiment – The U.S. dollar gained in early European trading Wednesday after weak Chinese activity data hit risk sentiment, while the U.S. debt ceiling deal cleared an important hurdle. At 03:55 ET (07:55 GMT), the Dollar Index , which tracks the greenback against a basket of six other currencies, rose 0.2% to 104.300, just below … Read more

Bitcoin Faces First Monthly Drop of 2023 as Crypto Revival Cools

(Bloomberg) — The crypto rebound is losing steam, leaving Bitcoin on course for its worst month since the FTX exchange collapsed in November last year. The roughly 8% drop in May is Bitcoin’s first monthly retreat of 2023. A gauge of the top 100 digital assets has dropped by a similar magnitude. The largest crypto … Read more

Central Bank of UAE Expands Collaboration to Strengthen Financial Ties

CBUAE and HKMA discussed strengthening collaboration with the three major sectors.  UAE will continue to collaborate and look forward to exchanging knowledge. The United Arab Emirates has set its sights on developing itself as a crypto hub. Recently, the UAE has taken lots of initiatives to establish this goal. Following that, the Central Bank of … Read more

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