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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...
...“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...
...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 rest of the G10 group of heavily traded currencies are down against the dollar, with the euro losing 0.9 per cent, the Canadian dollar down 1.7 per cent and the Japanese yen sliding 4.1 per cent....
...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....
...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...
...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....
...Gold prices and the US dollar rose on Monday morning as traders flocked to safer assets following Hamas’s attack on Israel....
...The US Treasury sold $23bn in long-dated bonds at a high yield of 4.189 per cent, slightly above market levels ahead of the bid deadline. The coupon on the new debt was the highest since June 2011....
...The calls put the US banking giants at the forefront of a growing group of lenders forecasting that the common currency’s steady decline since the summer has further to run....
...The dollar index, which measures the currency against a basket of peers, added 0.4 per cent in morning trading in Asia....
...July 2022, from Celsius’ bankruptcy filing: Vauld 7 March 2022:https://twitter.com/VauldOfficial/status/1500871661737832449 18 June 2022:https://twitter.com/VauldOfficial/status/1538182262176436224 4...
...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....
...“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....
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