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    Markets

    Currencies

    May

    The Australian dollar is up 2 per cent this month.

    $A bulls face disappointment on long road to pandemic high

    Traders hoping the Australian dollar will strengthen may be caught out as optimism over China’s rebound fades and the local economy falters.

    • Matthew Burgess and Michael G. Wilson
    The rally in copper prices to record highs haven’t translated to a stronger Aussie dollar yet.

    Rally hits a wall on China growth and US inflation fears

    Worries about China and hotter-than-expected business activity in the United States hit markets on Friday as traders ramped up bets against the $A.

    • Updated
    • Alex Gluyas
    Ether jumped 14 per cent overnight on ETF hopes.

    Hopes of ether ETF revived after flurry of SEC filings

    The digital token surged about 23 per cent this week and was trading at around $US3780 in Asian trading on Wednesday.

    • Isabelle Lee, Sidhartha Shukla and Emily Graffeo
    Ether jumped 14 per cent overnight on ETF hopes.

    Crypto lifted by ether’s biggest jump since 2022 on ETF hope

    Social media is alive with speculation that the US regulator may be warming to the idea of an ether exchange-traded fund.

    • David Pan, Olga Kharif and Isabelle Lee
    “The 13F releases show that the growth of bitcoin ETFs can’t just be attributed to retail traders buying in brokerage accounts,” said Stephane Ouellette, chief executive officer of FRNT Financial.

    Millennium, Point72 and Elliott are among bitcoin ETF buyers

    No matter the reason, and there could be several, Wall Street is clearly dipping its toes into the world’s largest digital asset.

    • Isabelle Lee
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    Australians under 35 are the biggest speculators in cryptocurrencies, although some are unaware of the need to pay capital gains tax on sales.

    ATO targets crypto traders’ tax affairs, bank details

    The Tax Office is ramping up its surveillance of crypto traders, demanding that exchanges hand over details around clients’ ID, wallet addresses and bank accounts.

    • Tom Richardson

    April

    Bank of Japan chief Kazuo Ueda has played down the impact of the weak yen.

    Yen drops to a 34-year low; will authorities step in?

    The steep sell-off in the Japanese currency to the lowest level since 1990.

    • Updated
    • Cormac Mullen
    Johnny Phan says booming cryptocurrency prices are boosting his lending business.

    How Australians are unlocking their crypto riches

    Surging valuations mean many want ways to borrow cash against their digital windfalls, and one altcoin evangelist claims he has a solution.

    • Tom Richardson
    The MSCI gauge of emerging-market currencies has hit a new low for the year.

    ‘Nothing has been spared’ as US dollar rips through Asia

    The surprising strength of the US dollar this year has caused strategists to reduce their Aussie dollar forecasts, adding to the risk of sticky inflation.

    • Alex Gluyas

    Bitcoin ‘halving’ cuts supply of new tokens

    The bitcoin halving could deal a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

    • David Pan
    Federal Reserve chairman Jerome Powell signalled that interest rates would remain higher for longer.

    Aussie dips below US64¢ as Powell quashes rate cut hopes

    The $A fell to its weakest since mid-November after Federal Reserve chairman Jerome Powell said the central bank needed more time to tame sticky inflation.

    • Updated
    • Joanne Tran and Cecile Lefort
    Francesca Fornasari, head of currency solutions, Insight Investment.

    The biggest market risk you’re probably not thinking about

    Insight Investment’s Francesca Fornasari says investors cannot ignore currency markets, especially Australians who are sending billions of dollars overseas.

    • Jonathan Shapiro