Day: February 3, 2021

dollar and euro

The Euro Declined to Two-Month Low Against the Dollar

On February 3, the euro declined to a two-month low against the American currency and trading above $1.20. Investors looked to a widening difference between the strength of the U.S. and European pandemic recoveries. The view was propped by moves in Washington toward fast-tracking more stimulus spending. It contrasted with concerns about lengthened European lockdowns and expectations …

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Bitcoin tanks in September

Bitcoin Hits $36,000; Ether Touched a Record High of $1,564

According to the latest news, the world’s largest cryptocurrency, Bitcoin hit the $36,000 level. It continued to recover from recent losses on the back of institutional demand. The dominant cryptocurrency traded in a wide range of $34,002.30 and $36,762.39 during the last 24 hours. Based on blockchain data and intelligence provider Glassnode, U.S.-based Grayscale Holdings …

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Hong Kong

HK to Earn $4.5B from Trading Fees this Financial Year

The Hong Kong government should earn HK$35 billion ($4.52 billion) in revenue in the current financial year. It is from the 0.1% ‘stamp duty’ on behalf of stock transactions resulting from high trading volumes.  Hong Kong earned $33.23 billion from the levy in the 2019-2020 financial year ended March 31, 2020. That accounted for about …

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S&P 500

Stocks Up as Global Economy Improves

Shares in Asia and U.S. stock futures were up on Wednesday as governments globally looked poised to boost spending. This is to help economies recover from the pandemic. Vaccine roll-out programs have also accelerated. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.58%. Meantime, Australian stocks gained 0.92%. In China, shares dropped 0.03%. Japan’s …

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