The Federal Reserve is the central bank of the world’s most powerful economy, and prides itself on its independence. But is it? Or, better said, will it continue to be under Kevin Warsh?
The BTC/USD pair continued its recent rally, reaching its highest point since January 31st as the bull run gained steam. Bitcoin jumped to $81,245, up substantially from the year-to-date low of $60,000.
The USD/JPY pair attracts heavy intraday selling on Wednesday and dives to the 155.00 psychological mark, or the lowest level since February 24, though it lacks follow-through.
The AUD/USD exchange rate moved sideways even as the divergence between the Federal Reserve and the Reserve Bank of Australia (RBA) continued.
The Indian Rupee’s drama continues despite the RBI’s recent aggressive interventions and regulatory curbs. While these actions have caused the sharpest single-day gains in years, their effect has been wiped out in a matter of days. So why is every RBI move failing to break the Rupee’s downtrend?
Gold is rallying hard in Asia on Wednesday, reclaiming the $4,600 barrier while extending its recovery from over one-month lows of $4,501 set on Tuesday.