Hints and tips:
...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 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....
...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...
...Read our full range of US High School economics picks here....
...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 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....
...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....
...The currency typically benefits from higher US interest rates but also tends to gain in periods of global recession when investors seek the safety of US assets....
...Currency Reserve showed up this month on a list of applicants seeking regulatory approval to open an account at the US Federal Reserve....
...“Dollar long positions are evaporating rapidly, with [producer price] numbers all but confirming the disinflationary narrative in the US,” said Francesco Pesole, currency analyst at ING....
...And even “just” a multipolar pattern could come as a shock to American policymakers, given how much external financing the US needs....
...The writer is chair of Rockefeller International Today commentators overwhelmingly agree that a weakening US dollar cannot possibly lose its status as the world’s dominant currency because there is “no...
...Nigeria’s highest court slapped a temporary ban on the plan to replace the country’s largest currency notes, and US regulators may ban non-compete clauses that stop workers from jumping to a rival company...
...[MUSIC PLAYING] US regulators recently proposed a ban on non-compete agreements....
...The world’s most important reserve currency rose to a 20-year high in September but tumbled 11.2 per cent over the following four months as US inflation declined from a multi-decade peak, allowing the Federal...
...J Paul Horne Alexandria, VA, US...
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