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Markets

Currencies

This Month

Hope of a bitcoin ETF being approved in January including from Cathie Wood’s ARK Investment has fuelled a crypto rally.

Bitcoin surge stokes huge volumes for Aussie crypto exchanges

Trading volumes at Independent Reserve jumped 50 per cent in November to more than $500 million as traders piled into the world’s largest cryptocurrency.

  • Tom Richardson
Jamie Dimon ... and one more thing about cryptocurrencies.

Jamie Dimon says he would shut down crypto if he could

The remarks add to the JPMorgan Chase CEO’s long history of bashing digital currencies, which he has previously called “Ponzi schemes” and a “fraud”.

  • Katherine Doherty
Bitcoin has extended its rally to top the $US44,000 level.

Bitcoin’s ‘jet-fuelled’ jump pushes token above $US44,000

The largest digital asset’s 2023 rebound from last year’s crypto rout is now 165 per cent, buoyed by ETF hype and rate cut bets.

  • Sunil Jagtiani

Why bitcoin keeps rallying even as stocks and bonds take a hit

The sharemarket had a rough start to the week; yet the largest cryptocurrency has continued to climb to $US42,000, its highest level in 19 months.

  • Sunil Jagtiani and Suvashree Ghosh
Cryptocurrencies such as bitcoin have received a boost this week.

Bitcoin hits $US40,000 for first time since May 2022

Investors are increasingly convinced that the Federal Reserve is done with rate hikes as inflation cools, turning the focus to rate cuts next year.

  • Sunil Jagtiani

November

The diverging outlook on interest rates between Australia and the US has send the $A to a fresh three-month high.

$A forges fresh highs as traders eye US70c

The local currency has jumped almost 4 per cent in November, buoyed by the diverging interest rate outlook between the Australia and the US.

  • Cecile Lefort
The local currency drew closer to US66¢ on Tuesday.

Aussie dollar accelerates to near US66¢ as tailwinds build

The Australian dollar is trading near a four-month high as a faltering US dollar, stronger yuan and rallying iron ore prices lift the local currency.

  • Joshua Peach

October

Neil Phillips, left, co-founder and chief investment officer at Glen Point Capital, arrives at court in New York on Tuesday.

Glen Point Capital’s Neil Phillips found guilty of FX fraud

The former hedge fund executive faces a maximum of 10 years in prison but will have to wait until March 14 to hear his sentence.

  • Chris Dolmetsch, Carter Johnson and Greg Farrell