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...The controls, which fix the peso’s value — about 830 pesos to the US dollar — cause huge distortions in Argentina’s economy and are a barrier to investment....
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...There is a reason that instant noodles have replaced cigarettes as the primary currency of the informal economy in dismally catered US prisons....
...That would favour non-US markets but one in particular tends to do very well when the dollar weakens — local currency emerging market debt....
...“The BoI did a pretty good job defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said...
...The accounting and consulting firm brought in record revenues of $53.1bn globally in the year to June 30, representing local currency growth of 11.8 per cent, excluding the impact of the April 2022 sale...
...Lululemon’s sales in mainland China were up 60 per cent year on year in the latest quarter on a constant currency basis, and now make up nearly a tenth of total sales....
...But countries including Hungary and Chile have slowed the pace at which they are cutting in recent months, partly to support their currencies in the face of higher US rates....
...Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal at a rate of $1.00 per PayPal USD....
...A widely followed JPMorgan index of Turkey’s local-currency bonds has tumbled about 53 per cent this year, by far the worst performance of any major emerging market....
...Letter in response to this article: UK cost of borrowing is higher for a reason / From J Paul Horne, Alexandria, VA, US...
...The 53-year-old Briton, who co-founded the emerging markets-focused Glen Point Capital in 2015, was found guilty on Wednesday of commodities fraud after a week-long trial....
...The murder rate has plummeted from 53 per 100,000 people in 2018, one of the highest in the world, to one of the lowest in the region at 2.4 per 100,000 last year....
...The dollar weakened against Asian currencies on Thursday after US April consumer price index inflation came in weaker than expected....
...The tax exile built his reputation as a currency speculator when he, like George Soros, bet against the pound in the build-up to Black Wednesday in 1992....
...On Wall Street, 53 out of the 56 analysts who cover it rate it a “buy”....
...If you spot something fun, let us know in the comments. Update 17:53 BST: Binance has responded....
...the nascent and expanding digital currency industry....
...“The shift towards digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar,” said Dan Schulman, chief executive of PayPal....
...The Caixin services purchasing managers’ index came in at an eight-month low of 51.8 last month, down from 54.1 in July and below the 53.6 forecast of economists polled by Reuters....
...The price of its dollar bond maturing in 2031 has fallen from 53 cents to 51 cents since October 6, adding pressure to a country facing a wall of debt refinancing in the coming years....
...The dollar index, which measures the currency against a basket of peers, added 0.4 per cent in morning trading in Asia....
...One of the replies read: “One-nil to us.”...
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