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fromnews.bitcoin.com
2 hours agoOpenFX Raises $94 Million Series A to Scale Global Cross-Border Stablecoin Payments
OpenFX raised $94 million in Series A funding to enhance real-time stablecoin settlement across global markets.
EMLC holds government bonds issued by emerging market countries in their own currencies, such as Brazilian reals, Indonesian rupiah, and Mexican pesos. Each month, EMLC passes interest income to shareholders as a distribution. Recent monthly payments have ranged from $0.1149 to $0.1390 per share, and the fund has made 161 consecutive monthly payments since its July 2010 inception with no gaps or suspensions.
UEFA cited "economic, market and geopolitical dynamics" and a "sudden weakening of the U.S. dollar" for driving the foreign exchange losses which accounted for the loss in its accounts for the 2024-25 football season. "In the past few years, UEFA benefited from a strong U.S. dollar leading to substantial gains on foreign exchange," the body said on Thursday in its 52-page annual financial report which did not name Trump.
A Toronto man has been charged for allegedly defrauding 28 investors of $6.6 million they provided to trade in foreign exchange. Instead of putting investors' funds into individual trading accounts, the Ontario Securities Commission (OSC) alleges Seyed Mohammad Ali Nojoumi who goes by Ali Nojoumi and two other individuals controlling Smart Prime Group used the money to pay personal expenses and other investors.
A simple strategy of borrowing in low-yielding currencies like the Japanese yen or the Swiss franc and putting your money in dollars looks set to beat the implied returns on markets such as European stocks and Chinese government bonds once the volatility of these assets is taken into account, according to Bloomberg calculations. That suggests the dollar will maintain its critical position in global portfolios, despite worries about its future this year as President Donald Trump shook up the global economic order.
The USD/JPY pair is moving on a volatile path, reflecting the uncertainty that dominates global markets. The pair managed twice to approach the 149.00 level during Wednesday's trading, even briefly reaching its highest level in five weeks at 149.14, but it failed to break above the 200-day EMA near 148.22. This reveals a lack of momentum, as traders await the pivotal U.S. economic data scheduled for release this week.
Gold and foreign exchange reserves are invaluable for building military strength; having these reserves is crucial when conflicts arise and immediate funding is required.
The recent decline of the U.S. dollar against the Japanese yen signals a potential shift in the dollar's global dominance due to mounting fiscal concerns.