Posts Tagged ‘currencies’

Legal Tests on Bitcoin’s Tax-Free Transactions

by Forex Rooton August 2, 2014 2:47 pm BST
Tax-free trading of bitcoin faces a legal test at the European Union’s top court after Swedish authorities sought to extend existing levies to virtual currencies. The EU Court of Justice must decide whether transactions between virtual and traditional currencies can be classed as a service under EU value-added tax rules, and if so, whether such […]

USD At Its Strongest Level in Six Weeks on US Rebound

by Forex Rooton July 29, 2014 11:35 am BST
Interest rate increases may come “sooner and be more rapid than currently envisioned” if the labor market continues to improve more quickly than anticipated, Fed Chair Janet Yellen told lawmakers this month. The dollar touched the strongest level in six weeks against a basket of currencies ahead of this week’s Federal Reserve policy review. The […]

Dollar Around One-Week Low Against Major Currencies

by Forex Rooton July 10, 2014 8:21 am BST
The dollar traded around one-week lows against a basket of major currencies on Thursday, coming under pressure after minutes of the Federal Reserve’s June meeting gave no clear indication about the timing of any interest rate rise. The Fed minutes confirmed that the U.S. central bank’s monthly bond purchases would probably end in October and […]

Dollar Edged Higher in The Wake of Solid U.S. Jobs Data

by Forex Rooton July 7, 2014 8:05 am BST
The euro eased 0.1 percent to about $1.3585, having pulled back from a high of $1.3701 on July 1, its highest level in about six weeks while the dollar edged higher on Monday and touched its highest level in more than a week versus a basket of major currencies, staying on firm footing in the […]