- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
The US dollar edged slightly lower but traded in a range-bound manner as investors patiently awaited the US CPI data.
BlockBeats News, August 11th, the US dollar edged lower but remained within a narrow trading range as investors awaited the release of the US Consumer Price Index inflation data on Tuesday. Last week, the US dollar fell due to recent weak employment data and Mester's temporary appointment to the Federal Reserve Board, increasing the likelihood of a rate cut in the near future.
However, Tuesday's data may provide early signs of US trade tariffs pushing up inflation. Chris Weston of Pepperstone stated in a report, "All eyes will be on the extent to which core goods inflation is being impacted by tariffs and whether these factors will be more pronounced in the August CPI." (FXStreet)
You may also like
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
$1.3 Billion Debt: BitDeer Faces Tough Battle
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…
Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…
Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…
Axiom Crypto Uncovered: ZachXBT Reveals $400k Insider Trading
Key Takeaways Allegations of insider trading at Axiom Crypto involve approximately $400,000 and a complex scheme where employees…
Ethereum 2029 Roadmap: ETH to Become the High-Speed Internet of Value
Key Takeaways Ethereum’s new roadmap, the “Strawmap,” aims for a settlement layer achieving 10,000 transactions per second (TPS)…
India Enhances Crypto KYC and AML Measures with Live ID and Location Checks
Key Takeaways: India classifies crypto exchanges as Virtual Digital Asset (VDA) service providers requiring enhanced Anti-Money Laundering (AML)…
Bitcoin Price Prediction: $500 Million in Short Positions Just Got Wiped Out — Is a Bull Market Beginning?
Key Takeaways: Bitcoin experienced a massive short squeeze, liquidating nearly $500 million in short positions and propelling its…
XRP Price Prediction: Ripple Invests Billions to Forge a Connection with Banks – Is $1,000 Possible?
Key Takeaways: Ripple has invested around $4 billion in establishing connections between traditional banks and crypto platforms, illustrating…
Crypto Price Prediction Today 26 February – XRP, Bitcoin, Ethereum
Key Takeaways Bitcoin has rebounded above $68,000, reigniting optimism within the crypto market and potentially signaling a shift…
App