On May 2, the market went viral that Trump would force the exchange rate of the New Taiwan dollar to appreciate to 13.3 (currently 31.21) against the US dollar. Taiwan's financial regulator urgently clarified on May 1, emphasizing that the US Treasury did not ask the New Taiwan dollar to appreciate. On May 2, the New Taiwan dollar surged more than 8 cents to a high of more than 16 months, reaching a maximum of 31.145, an increase of more than 2.72% in the day, the largest increase in more than a...
The Federal Reserve's Kashkari said that bitcoin has been around for more than a decade, but it is still useless. Kashkari has publicly expressed skepticism about cryptocurrencies on several occasions, arguing that bitcoin and other cryptocurrencies are mainly used for speculation and illegal activities and lack intrinsic value.