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...“Our payables denominated in foreign currencies have increased significantly in recent years, primarily as a result of our inability to source foreign currency to repay our suppliers and other providers...
...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....
...that the government might directly intervene in markets to support the currency....
...It’s a currency’s normal reaction to interest rate differentials....
...Russia’s Central Bank now reports that it has no viable alternative but to use the renminbi as its reserve currency....
...Two devaluations in eight months and a long-running liquidity crunch pushed down the currency by more than 70 per cent to new lows, leading authorities and analysts to wonder if the currency would breach...
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...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...
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...The rupiah has shed nearly 5 per cent of its value against the dollar this year as the rising dollar has dented emerging market currencies in the region....
...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
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...Asian currencies strengthened against the dollar in early trading on Monday while equities were mixed....
Plus, updates on Ripple and the UK’s crypto ambitions
...All major Asian currencies registered losses against the dollar as currency traders take into account fewer expected Federal Reserve interest rate cuts this year....
...a possible official currency intervention....
...“Zimbabwe has less than a month of reserves, not enough to defend the structured currency,” said economist Tinashe Murapata. “A new currency every five years now seems the norm.”...
One tiny, lightly regulated African nation plays an oversized role in global token trade
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