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The median forecast for Brazil's consumer price inflation in the next 12 months rose for the fourth consecutive week, to 4.00% from 3.98% a week before, according to economists surveyed by the South American country's central bank. The annual inflation rate in Brazil increased to 2.95% in December, ending the year below the bottom of the central bank's target for 2017, which ranged from 3% to 6%. more...
Bitcoin may "totally collapse" though it may linger for a century, Nobel Laureate Robert Shiller said, who equaled it to the Tulip mania. "[Bitcoin] might totally collapse and be forgotten and I think that's a good likely outcome but it could linger on for a good long time, it could be here in 100 years," the Yale University professor told CNBC in an interview in Davos, Switzerland. Shiller, who was the joint winner of the ...
1. South Korea Could Shutdown All Cryptocurrency Exchanges: Watchdog Choi Jong-ku, chairman of South Korea's Financial Services Commission, told lawmakers on Thursday that the government is considering shutting down all cryptocurrency exchanges and not just those that violate law, the Yonhap news agency reported. 2. SEC Says Significant Investor Protection Issues Linked To Bitcoin ETFs The Securities Exchange Commission has ...
Trading the News: U. of Michigan Confidence A meaning rebound in the U. of Michigan Confidence survey may fuel the recent series of lower highs & lows in EUR/USD as it encourages the Federal Open Market Committee (FOMC) to further normalize monetary policy over the coming months. Data prints highlighting an improved outlook for the U.S. economy may push the FOMC to deliver a March rate-hike as ‘many participants judged that ...
Ripple is one of the most popular cryptocurrencies in South Korea, a leading market for cryptocurrencies, where both young and old have been investing heavily in these currencies with the hope of making a quick profit. XRP has moved into the top five cryptocurrencies by market capitalization on CoinMarketCap amid their dramatic rise over the last year. more...
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