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...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
...“Rising tensions between Iran and Israel can spill into even higher oil prices, all to the benefit of the dollar in the near term,” said Francesco Pesole, a currency analyst at ING....
...Major Asian currencies weakened against the dollar on Monday, with the South Korean won leading losses, down 0.27 per cent against the dollar to Won1,354.60, its weakest level since October....
...Asian currencies dropped against the dollar on Tuesday following stronger than forecast retail sales data in the US, which further reduced the likelihood of imminent interest rate cuts by the Federal Reserve...
...Escalating tensions in the Middle East following Iran’s attacks on Israel and growing expectations that the Federal Reserve will delay rate cuts have boosted the US currency....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...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....
...All major Asian currencies registered losses against the dollar as currency traders take into account fewer expected Federal Reserve interest rate cuts this year....
...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....
...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...
...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...
...of fluctuations in US rate expectations”....
...Currencies on both sides of the Atlantic were struggling for direction following the release of inflation data in Germany and the US on Thursday....
...The Canadian dollar’s depreciation on Friday was intertwined with a blockbuster US jobs report that pushed the greenback higher against a basket of peer currencies....
...“When you think about places like Nigeria, when you think about places like Argentina, it’s very difficult for us as a US dollar-denominated company to create value”, Andre Schulten, P&G’s chief financial...
...Asian currencies strengthened against the dollar in early trading on Monday while equities were mixed....
...Its main conclusion is interesting, but not that surprising: when there’s dollar volatility or a change in risk appetite, flows logged on the official blockchain (used mostly by whale traders/crypto exchanges...
...Expectations of fewer US rate cuts have also sparked a slump in emerging market currencies against the dollar, prompting interventions by Asian central banks, including Indonesia and South Korea....
...“This isn’t some revolutionary idea; all of us have financial privacy when we pay for a meal in cash or drop a few dollars in a donation jar,” said Rainey Reitman, civil liberties advocate who sits on the...
...several years as dollar assets corrected and other global currencies, including the yen and the euro, gained steam....
...China’s currency weakened 0.6 per cent against the dollar to Rmb7.26, its lowest level since November, after a central bank official said there was room for more monetary easing....
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