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PT Solid Gold Berjangka | Dollar Pulls Back, Bitcoin Jumps Ahead of ETF Approval Deadline

03:27 09 January in Commodity, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP by admin_sgb_tcc
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Solid Gold Berjangka PT SGB Solid Group SG Berjangka USD GBP/USD EUR/USD USD/JPY, AUD/USD,

Solid Gold Berjangka | This passage provides an overview of the current state of the foreign exchange (forex) and cryptocurrency markets. Here are some key points:

  1. U.S. Dollar (USD):
    • The dollar’s rally paused, and traders are anticipating multiple Federal Reserve rate cuts in the coming year due to perceived slowing inflation in the U.S.
    • Against a basket of currencies, the U.S. dollar eased slightly after a 1% rise the previous week.
  2. Euro (EUR) and Japanese Yen (JPY):
    • The euro recovered from a recent three-week low, standing at $1.0950.
    • The Japanese yen strengthened, distancing itself from the 145 per dollar level, following a broad decline in the greenback as U.S. Treasury yields slipped.
  3. Cryptocurrencies:
    • Bitcoin hovered near its strongest level since April 2022, fueled by growing anticipation of the approval of spot bitcoin exchange-traded funds (ETFs).
    • Bitcoin’s value stood at $46,923, having reached a 21-month high of $47,281 in the previous session.
  4. Other Currencies:
    • Sterling advanced slightly, while the Australian and New Zealand dollars edged higher.
    • In Asia, data showed that core inflation in Japan’s capital slowed for the second straight month in December, potentially reducing pressure on the Bank of Japan regarding monetary policy.
  5. Market Factors:
    • The New York Fed’s Survey of Consumer Expectations indicated a decrease in U.S. consumers’ short-term inflation projections, affecting the market sentiment.
    • A reading on U.S. inflation later in the week is expected to provide further insight into potential Fed rate cuts.
  6. Bitcoin ETF Approval:
    • Investment managers disclosed fees for proposed spot bitcoin ETFs, indicating progress toward potential approval by the U.S. securities regulator.

It’s important to note that financial markets are dynamic, and conditions may change rapidly based on economic data, geopolitical events, and other factors.

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