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...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Roger W Kirby Millbrook, NY, US...
...The dollar’s latest move against the yen followed stronger-than-expected data for US inflation in March, which pushed out market expectations for the timing of US interest rate cuts and sent bond yields...
...We saw that clearly earlier in April as an elevated US dollar, driven to a six-month high against a basket of other currencies by a repricing of US interest rates, exposed pockets of currency stress in Asia...
...The chief purpose of the intervention, said currency analysts, was not just to push the yen higher, but to encourage investors to ditch bearish bets that had been placed against the Japanese currency in...
...Currency weakness outside the US is not straightforwardly bad. It can, for example, help exports. Ironically, Japan spent years in the past two decades trying to push the yen down, not up....
...In the nine months to the end of 2023, revenue in constant currency soared by a fifth but reported revenue dropped 1.4 per cent to $3.86bn (£3.1bn) because of currency devaluations in Airtel Africa’s biggest...
...Read our full range of US High School economics picks here....
...Egypt secured a deal to more than double its IMF bailout to $8bn after the country allowed its currency to drop to a record low against the US dollar, unlocking support to avert its worst economic crisis...
...a strong dollar and expectations of a delay in US rate cuts....
...The pound climbed 0.6 per cent to a seven-month high of $1.2893 against the US currency on Friday, before paring gains to end the week at $1.2857....
...The European Fund and Asset Management Association said that around 40 per cent of daily foreign exchange deals would be shut out of the main platform for reconciling currency trades when the US moves from...
...Chandan said tariffs would be likely to hurt the economic growth of US trading partners, weakening their currencies against the greenback....
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...Asian currencies declined against the dollar on Monday morning after hot inflation data from the US increased expectations of a widening interest rate differential with economies in the region....
...“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...
...Brent crude, the international benchmark, declined 0.3 per cent to trade at $81.39 per barrel while US marker West Texas Intermediate shed 0.4 per cent to $77.04....
...The comments from Michael Hsu, acting director of the Office of the Comptroller of the Currency, are the latest shot across the bow to banks, which have complained for months about regulators’ plans for...
...At 81, Stiglitz finally feels in the ascendancy. Scepticism of trade rules is now received wisdom among Democrats and Republicans....
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal at a rate of $1.00 per PayPal USD....
...Those exchanges that have offered some form of financial transparency to their customers account for about 81 per cent of the market, but that is down from 86 per cent in March — and about the level it was...
...The department also imposed sanctions on Buy Cash, a Gaza-based virtual currency exchange, as well as its operator....
...Bitcoin was up 1.3 per cent to $30,401.81 at press time, probably on unrelated factors. Further reading:— The Pulitzer Prizes in Journalism - how to enter...
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