Home Tags Currencies

Tag: Currencies

‘Race to the bottom’: Stocks drop, dollar soars as coronavirus fears overpower stimulus efforts

"Despite heavy losses, we do not rule out the possibility of a deeper bear market."

Pound slides 1% after Boris Johnson signals tough stance in EU trade talks — ‘The scene is set for a showdown’

"The scene is set for a showdown and a rocky path for negotiations," one analyst said.
All eyes are on the pound on Britain's official Brexit day

The pound rises as the UK bids goodbye to the EU — but experts say to brace for a drop of up to 7% if trade talks fail

If the UK ends up back with a so-called hard exit, "we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," one analyst said.
Most of the currencies on the left were replaced by the Euro, pictured on the right.

The euro has been around for 21 years — here are the 12 currencies it replaced

The euro was introduced in many country's banking systems in 1999, and was launched as coins and banknotes in 12 countries on January 1, 2020.
A member of the Technical Investigation team holds a negative of a hundred-dollar bill used to print fake dollars in Caldas town in Medellin April 29, 2010.

Trump complained about the US dollar’s strength throughout 2019 — but these 8 major currencies were even stronger

The US dollar index DXY is up roughly 1.2% year-to-date, rising amid summer recession fears and trade war tensions.

Traders in Argentina have figured out a loophole that generates a 7% return in mere minutes. Here’s how they pull it off.

The fully-legal trading method uses the difference in the official exchange rate and brokers' exchange rate to net thousands of pesos in profit.
Xi Jinping

China’s renminbi is headed for its biggest ever monthly drop — and economists warn other currencies will suffer

The yuan is headed for an almost 4% drop in August. It may go down even more, say economists, and risks spilling over into emerging market currencies.

World stocks are rallying after a trio of central banks cut rates and China calmed investors’ nerves

"One common factor that all investors seem to agree upon is the expectation of lower interest rates going forward."

The Fed’s decision to hold rates takes a big concern off the table for overlooked markets outside the US

Last year, rate hikes were a big concern for EM. "We've obviously taken that risk squarely off the table," Rashmi Gupta of JPMorgan Chase Bank.

‘What’s there to spy in Malaysia?’ Mahathir asks, adding the country will use Huawei’s tech ‘as much as possible’

"If any country wants to invade Malaysia, they can walk through and we will not resist because it's a waste of time,"