Hints and tips:
...Some 58 per cent of global reserves are held in the US currency. The economics of this lopsided situation are ambiguous....
...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...
...The DXY dollar index, which tracks it against a clutch of other major currencies, is up 4 per cent or so in 2024 — a decent ascent but nothing spectacular....
...“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...
...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...
...The rupiah strengthened 0.4 per cent against the dollar to 16,155 on Wednesday....
...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...
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