Hints and tips:
...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...
...a strong dollar and expectations of a delay in US rate cuts....
...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...
...Read our full range of US High School economics picks here....
...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...
...“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 IMF last week raised its US growth projection for 2024 to 2.1 per cent, up from a previous forecast in October of 1.5 per cent....
...The proposals outlined by US regulators in July would require banks to hold an extra $2 of capital for every $100 of risk-weighted assets....
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...The department also imposed sanctions on Buy Cash, a Gaza-based virtual currency exchange, as well as its operator....
...US gold futures added as much as 1.2 per cent in early Asian trading, before paring gains to be up about 1 per cent at $1,847.30 per troy ounce....
...The moves on Thursday came after the latest US inflation reading showed prices rose at an annual rate of 3.2 per cent in July, marginally below the 3.3 per cent expected....
...The spread — or gap — between yields on benchmark Italian debt and that of Germany was 2.01 percentage points on Monday, breaching the key level of 2 percentage points....
...BlockFi 2 November 2022:https://twitter.com/BlockFi/status/1587829219622588417 28 November 2022:https://twitter.com/BlockFi/status/1597253469374910466 SALT Lending 6 September 2022: Bnk To The Future...
...Japan’s yen and South Korea’s won lost 0.2 per cent and 0.6 per cent to trade at ¥133.00 and Won1,313.40 per dollar, respectively....
...Trading was limited on Monday owing to a market holiday in the US. “We don’t see a reason why you would be long Israel’s currency or bonds,” said Hense. “There is high geopolitical risk.”...
...[MUSIC PLAYING] A weaker US dollar has got currency watchers flummoxed. And Europe’s heatwave is nearing record highs. But first, Russia is seizing assets from western companies....
Currency watchers are worried about a weaker US dollar
...The currency trader’s profile grew when he took control of Tottenham, buying shares from British businessman Lord Alan Sugar....
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