Edition:
India

Foreign Exchange Analysis Headlines

Bitcoin hits new record high as warnings grow louder

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument.

Swiss National Bank relaxed on virtual currencies

Virtual currencies like bitcoin present no risks to monetary policy although investors should be aware of the dangers from big price swings, Swiss National Bank Chairman Thomas Jordan said on Thursday.

Sterling slips on lack of hawkish turn by BoE

Sterling slipped against the dollar on Thursday, with some traders disappointed the Bank of England stuck to its view that interest rates were likely to rise only gradually despite above-target inflation and progress in Brexit talks.

Bitcoin fever exposes crypto-market frailties

As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds.