Federal Reserve
Korean won falls past 1,500 against dollar amid oil surge
Iniulat ng AI Larawang ginawa ng AI
The South Korean won fell sharply past the 1,500-won level against the US dollar on Thursday as global oil prices surged amid escalating Middle East tensions. It opened at 1,505 won per dollar, down 21.9 won from the previous session, breaching the psychologically and technically critical threshold.
US stock markets tumbled after the Federal Reserve kept interest rates unchanged and signaled just one rate cut this year. The Dow Jones dropped 768 points, while the S&P 500 and Nasdaq fell over 1.3%. Rising oil prices, geopolitical tensions, and an increase in the Producer Price Index contributed to the uncertainty.
Iniulat ng AI
Asian equities opened higher, tracking gains in US stocks and Treasuries, as investors overlooked geopolitical tensions. Markets displayed cautious optimism despite worries over oil prices and inflation, with the Federal Reserve's interest-rate decision pending. Oil prices held near $103 amid expectations of continued volatility until energy stabilizes.
Anthony Pompliano, chairman of ProCap Financial, forecasts a strong recovery for bitcoin as the Federal Reserve prints money to combat deflation. He describes this as a 'monetary slingshot' that will devalue the currency and boost bitcoin's value in the long term. Despite recent price drops, Pompliano urges investors to hold firm through the current economic pressures.
Iniulat ng AI
Bitcoin has bounced back modestly after flirting with US$60,000 last week, following a roughly 50% drop from its October 2025 high. Altcoins continue to underperform as investors shift capital toward AI stocks and more durable crypto assets. This rotation reflects broader market caution amid hawkish Federal Reserve expectations and economic uncertainties.
President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to replace Jerome Powell as the central bank's chairman. The announcement, made on Friday via Truth Social, praises Warsh as a potential great leader for the Fed. Warsh requires Senate confirmation to assume the role when Powell's term ends in May.
Iniulat ng AI
Precious metals experienced a dramatic plunge on Friday, with silver dropping 35% and gold falling 12% from recent highs. Bitcoin remained relatively stable around $83,000 amid the volatility. The sell-off appears linked to President Trump's nomination of Kevin Warsh as Federal Reserve chair.
Western Asset WIW fund reports 13.09% return for 2025
March 17, 2026 05:41Gold prices steady amid Mideast risks before Fed decision
March 11, 2026 08:56Arthur Hayes halts Bitcoin buys in liquidity strategy
March 10, 2026 22:38February CPI holds steady above Fed's target
March 04, 2026 10:06Kraken receives first Fed master account for crypto firm
February 11, 2026 22:04Bitcoin falls below $66,000 as crypto market declines
February 06, 2026 07:22Fintech and crypto groups criticize Fed's proposed skinny master accounts
February 06, 2026 00:23Bitcoin rebounds above $70,000 from $60,000 crash amid ongoing Fed nomination volatility
February 05, 2026 04:37Bitcoin plunges to 15-month low below $67,000 amid Fed chair nomination fears
February 01, 2026 19:39Seoul stocks open sharply lower amid new Fed chair nomination