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...In reality, a resumption of the currency wars of the 2000s and 2010s is unlikely to do much to reduce the US deficit nor undermine the dollar’s global role in bank funding, payment systems and reserves....
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...The comments were an indication of their concern at the scale of the dollar’s gains against Asian currencies after US inflation data led markets to scale back expectations of Federal Reserve rate cuts this...
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...Asian currencies strengthened against the dollar after the finance ministers of Japan, South Korea and the US released a joint statement addressing concerns over a resurgent dollar....
...Japanese stocks were the only Asian equities to advance on Friday morning, as a higher than expected US inflation reading strengthened the dollar against Asian currencies....
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...The ZiG, which stands for Zimbabwe Gold, will have an initial value of 13.56 to the US dollar, Mushayavanhu said, after the former currency lost over three-quarters of its value this year alone to trade...
...The US Dollar Index climbed 0.5 per cent to reach 102.9, its highest level in a month, as risk appetite damped following cautious remarks from ECB officials on rate cuts in 2024....
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...As a recent report by Currency Research Associates noted, “China buying gold and selling Treasuries mirrors how Europe’s central banks began to redeem dollars for gold in the late 1960s as the Bretton Woods...
...The WeWork rival will this year switch to reporting its financial results in US dollars, and expects to take a decision by June about whether to change to the American GAAP accounting standard, the company...
...The dollar rose to its highest level in almost five months against developed-market currencies as investors priced in fewer interest rate cuts this year....
...The currency weakened to as low as ¥154.42 per dollar on Monday afternoon in New York, as traders scaled back bets on rapid interest rate cuts from the US Federal Reserve following strong retails sales data...
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...of fluctuations in US rate expectations”....
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...Currencies on both sides of the Atlantic were struggling for direction following the release of inflation data in Germany and the US on Thursday....
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...several years as dollar assets corrected and other global currencies, including the yen and the euro, gained steam....
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