Currency Basket

European markets climb ahead of FOMC minutes

Europe After getting off to an initially positive start, with the FTSE100 at a touching distance of 7,500, the session was fairly lackluster as investors assess tonight’s FOMC minutes release amid a weakening economic outlook, after that the PMIs all indicated further economic weakness in Q4. It also raises the …

Read More »

Ukrainian president denounces ‘short truce’ with Russia

Ukrainian President Volodymyr Zelensky on Friday rejected the idea of ​​a “short truce” with Russia, saying it would only make things worse. “Russia is now looking for a short truce, a respite to regain strength. Someone can call it the end of the war, but such a respite will only …

Read More »

Sell ​​GBP/JPY, Target 158.00 Say MUFG

A pick-up in risk appetite has helped support the pound, particularly against the dollar, but MUFG expects weak UK fundamentals to put the UK currency on hold and lead to medium-term weakness. He adds; “We continue to believe the GBP remains vulnerable to further weakness due to the weakening outlook …

Read More »

South African rand strengthens in early trade as dollar retreats

The South African rand strengthened in early trading on Tuesday as the dollar fell in global markets and risk appetite was boosted by policy measures in China. As of 07:40 GMT, the rand was trading at 17.1900 against the dollar, around 0.7% higher than its closing level on Monday. With …

Read More »

T-shirts set the stage to diversify RMG’s export basket

The start of exporting T-shirts from Bangladesh has been considered a milestone in the history of garment manufacturing as it helped the country expand the product base. In particular, a group of hosiery manufacturers based in Narayanganj, which produced men’s vests for domestic markets, ventured to explore overseas markets in …

Read More »

Dollar plunges as U.S. inflation data spur crowded trade exodus

NEW YORK, Nov 10 (Reuters) – Investors are moving away from the dollar as weaker-than-expected U.S. consumer prices raise hopes the Federal Reserve may need to tighten monetary policy less than expected in its fight against inflation and reinforce the case of risky assets. Expectations of rising US interest rates, …

Read More »

Vietnam welcomes over 300 boat people rescued from Sri Lanka

ECONOMYNEXT – Sri Lanka recorded a balance of payments surplus in September 2022, official data shows, after rates were raised to reduce private credit, allowing the phasing out of money printing and the agency has also lacked reserve options to borrow and engage in sterilized operations. interventions. Sri Lanka’s central …

Read More »

AUD/USD breaks back below US$0.63 as momentum is squarely behind the USD

Daily Currency Update The Australian dollar fell back below US$0.63 overnight as markets continue to readjust expectations following the Fed’s latest policy offer. While the FOMC is expected to slow the pace of rate hikes next month, Fed Chairman Jerome Powell’s message was openly hawkish, suggesting the interest rate outlook …

Read More »

Oil Rises as Dollar Weakens, Traders Watch China’s COVID Policy

Oil futures rose on Tuesday, looking to build on an October gain, as the U.S. dollar retreated and unconfirmed rumors swirled that China could ease COVID restrictions. price action West Texas Intermediate crude for December delivery CL.1, +3.19% CL00, +3.19% CLZ22, +3.19% rose $1.16, or 1.3%, to $87.69 a barrel …

Read More »

Gold Consolidates After Finding Support On Dollar Weakness

By William Watts Gold futures were slightly lower on Thursday, consolidating after hitting a nearly two-week high in the previous session as the US dollar’s pullback gave bulls some breathing room. price action Market factors Gold and other commodities found support on Wednesday as the US dollar, which rallied in …

Read More »

The rupee rises 7 paise to close at 82.81 against the US dollar

In the interbank foreign exchange market, the rupiah opened at 82.71 and saw a high of 82.62 and a low of 82.81 In the interbank foreign exchange market, the rupiah opened at 82.71 and saw a high of 82.62 and a low of 82.81 The rupee appreciated 7 paise to …

Read More »

In a volatile stock market, is it better to buy individual stocks or invest in an ETF? Experts weigh in.

By Leslie Albrecht Some compare ETFs to surgical instruments, others say they are investment junk food. Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh your financial decisions. Our columnist will give her verdict. Let us know if you think she’s right in the comments. …

Read More »

Stocks fall as inflation worries dampen earnings

U.S. stocks fell on Wednesday as investors weighed mixed corporate earnings and signs of lingering inflationary pressures. The benchmark S&P 500 gauge closed down 0.7%, reversing price after two days of strong gains. The tech-heavy Nasdaq Composite fell 0.9%. In Europe, the regional Stoxx 600 closed down 0.5%. Consumer goods …

Read More »

ICU Weekly Preview: October 18, 2022 – Kyiv Post

Bonds: debt refinancing conditions are deteriorating Despite significant purchases of UAH government bonds last week, new purchases remained subdued. Last Tuesday, the government managed to borrow 3.6 billion UAH ($98.5 million), the highest amount in a month and a half. However, most of the borrowings were made through bonds denominated …

Read More »

Economic effect of the real effective exchange rate

JASIM UDDIN HAROON | Published: October 16, 2022 08:22:23 | Updated: October 16, 2022 08:30:44 Bangladesh is reaping some gains from a recent decline in the country’s real effective exchange rate (REER) due to record inflation in its major trading partners which is also eroding the value of their currencies. …

Read More »

India’s retail inflation in September accelerates to a five-month high of 7.41% YoY

BENGALURU, Oct 12 (Reuters) – India’s retail price inflation accelerated in September to a five-month high of 7.41 percent year on year, driven by soaring food prices, making fear of further rate hikes when the central bank meets for its next policy review in December. Annual retail inflation (INCPIY=ECI) in …

Read More »

Payrolls remain strong, US CPI this week

MARKETS US stocks were weaker on Friday, with S&P down 2.8% as strong US payrolls keep pressure on the Fed. US 10-year yields closed 6 bps at 3.88%, up about the same amount over the week. Oil moved closer to $100/bbl, up another 4.3% to $98.45. In the wake of …

Read More »

[Vantage Point] Filipinos’ shrinking pockets

With the possible exception of some 433 extremely lucky Filipinos who scooped the grand lotto jackpot of 239 million pesos on October 1, the majority of us are finding it harder and harder every day to dip into our pockets. shallow just to make ends meet. These lucky punters who …

Read More »

CANADA FX DEBT – Canadian Dollar Slides on US Dollar Buy Wave

(Adds analyst quotes and details throughout; updates prices) * The Canadian dollar weakens by 0.7% against the greenback * Trades in a range of 1.3504 to 1.3695 * Canadian exports fall 2.9% in August * 10-year yield rises 14.9 basis points to 3.277% TORONTO, Oct 5 (Reuters) – The commodity-linked …

Read More »

#BTColumn – Rethinking Tourism – Barbados Today

Disclaimer: The views and opinions expressed by the author(s) do not represent the official position of Barbados TODAY. By Ralph Jemmott For this year’s Tourism Week, the hospitality industry has chosen “Rethinking Tourism” as its theme. I joked about what I called the number of “Re” words that have come …

Read More »

Pakistan’s REER rises to 94.3 in August – Business & Finance

Pakistan’s real effective exchange rate (REER) rose to 94.3 in August from 93.2 in July, according to data released by the State Bank of Pakistan (SBP) on Friday. A REER below 100 means the country’s exports are competitive, while imports are expensive. The rupee closed around the 218-219 level in …

Read More »

Breakfast in, shopping out: US tourists hit by soaring dollar

SAN FRANCISCO/NEW YORK/LONDON, Sept 29 (Reuters) – In the weeks leading up to departing for San Francisco on their vacation this month, Jeff Skipper and his wife Valerie, from the United Kingdom, watched helplessly as the US dollar continue its meteoric rise against the British pound. The pound/dollar exchange rate …

Read More »

Live updates: Asian markets mostly down as investors cautious after US selloff

China’s economic output will lag the rest of Asia for the first time since 1990, according to World Bank forecasts that highlight the damage wrought by President Xi Jinping’s zero-Covid policies and the collapse of the world’s largest real estate market. The World Bank has revised its forecast for gross …

Read More »

MCCI: Difficult Taka-Rupee Currency Exchange

The Metropolitan Chamber of Commerce and Industry (MCCI) said on Saturday that trading with India using a currency exchange via the rupee instead of the US dollar was not easy as it was not not in the IMF currency basket. Currently, the IMF’s basket consists of five trading currencies — …

Read More »

The stock market crash that Americans don’t see

Bearish sentiment overtook Wall Street, and about the only good news that came out of Friday’s trading session was that the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P500 (SNP INDEX: ^GSPC)and Nasdaq Compound (NASDAQ INDEX: ^IXIC) bounced off their worst levels of the day to end above their worst close …

Read More »

The Chinese CNY is far from internationalizing

The recent depreciation of the Chinese yuan (Renminbi, CNY) has raised concerns. It was stable before the summer, but suddenly depreciated by a few thousand points against the American dollar (US$). Over the past five months, it has fallen from an exchange rate of 6.37 to 7.00, a depreciation of …

Read More »

The US dollar could stabilize before the FOMC

Verbal intervention proved enough to keep JPY145 below, but the greenback largely gained. It hit new two-year highs against the dollar bloc and before the weekend and at levels not seen since 1985. High price pressures, as the labor market remains tight ( fell for the fifth week in a …

Read More »

Digital payments to facilitate small business loans

According to experts, accepting digital payments through personal retail accounts could pave the way for local small, small and medium-sized enterprises (CMSMEs) to secure loans from formal banking channels. In November 2020, Bangladesh Bank issued a circular allowing micro and disadvantaged businesses that have accounts with banks, mobile financial services …

Read More »

FOREX-Dollar resumes rally, Yuan weakens past key level

The dollar rebounded again on Friday as U.S. Treasury yields rose ahead of a potentially huge Federal Reserve interest rate hike next week, while the Chinese yuan weakened beyond the psychological threshold. important 7 for a dollar. The dollar, measured against a basket of currencies, is heading more than …

Read More »

Wall Street stocks stabilize after strong selling

U.S. stocks stabilized on Wednesday after the worst selloff on Wall Street since June 2020, as warmer-than-expected inflation data fueled bets on more aggressive interest rate hikes by the Federal Reserve. The broad S&P 500 and the tech-heavy Nasdaq Composite closed up 0.3% and 0.7% respectively. The dollar index, which …

Read More »

US CPI puts a rocket under the dollar

youp until this afternoon’s US CPI figure, everything was going so well, with European markets initially picking up where they left off yesterday, trading at two-week highs, despite another sharp deterioration in the latest survey of German and European ZEW expectations for September, with both indicators falling further below their …

Read More »

How Elon Musk’s Deflation Warning Will Affect Crypto

Tesla CEO and billionaire Elon Musk has a chilling warning for the US economy. Musk thinks the economy is headed for deflation in light of the Fed’s hawkish stance against inflation. Elon Musk’s warning, if true, will not be good news for the crypto market He thinks another major interest …

Read More »

Euro jumps on ECB peg, global equities hit 1-week high

Join now for FREE unlimited access to Reuters.com Register Euro gains 1% on ECB, dollar index down 0.95% US Stock Futures Rising; Powell vows to fight inflation Chinese blue chips rise 1.4%, Hong Kong gains 2.8% LONDON/SYDNEY, Sept 9 (Reuters) – The euro climbed back above parity to a two-week …

Read More »

Canadian dollar nears multi-week low ahead of Bank of Canada rate decision | The mighty 790 KFGO

TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Wednesday as the greenback rallied broadly and data showed a narrowing of Canada’s trade surplus, but the currency’s decline has capped ahead of a Bank of Canada interest rate decision. The loonie fell 0.3% to 1.3191 per greenback, …

Read More »

Mostly higher inventories; RBA hikes interest rates

The Reserve Bank of Australia building in Sydney, Australia, Monday, September 6, 2021. David Gray | Bloomberg | Getty Images Asia-Pacific stocks traded generally higher Tuesday as Australia’s central bank raised interest rates again. Mainland China’s Shanghai Composite gained 1.36% to 3,243.56 and the Shenzhen Component rose 1.037% to 11,799.81 …

Read More »

Key events in EMEA next week

Poland: central bank decision on ratesIn recent public statements, Polish policymakers have stressed the need for further monetary tightening, albeit on a lesser scale than before. Rate setters mostly mentioned a 25 basis point rate hike and some even seemed reluctant to any hike. An August flash CPI upside surprise …

Read More »

This is how China manages the yuan

Comment this story Comment It is not easy to monitor how the People’s Bank of China operates its “managed float” system for the foreign exchange market: the central bank has various tools, public and hidden. Some are more transparent, such as the daily reference rate; others are murky, such as …

Read More »

InsurAce Announces $12 Million Insurance Payments to 155 Terra$UST Crash Victims – InsuranceNewsNet

–Direct News– When the algorithmic stablecoin Terra$UST broke loose May 2022many feared that the crash would lead to a systemic crash of the entire cryptocurrency industry. Dan Thompsonthe marketing director of leading DeFi platform – InsurAce, shares how their prompt insurance payouts to over 155 victims who lost funds in …

Read More »

EMERGING MARKETS – Latam FX Rises as Dollar Falls; Fall of the Chilean peso

By Shreyashi Sanyal August 29 (Reuters) – Latin American currencies posted gains on Monday as the dollar retreated after hitting a new 20-year high amid expectations of higher U.S. interest rates, while the Chilean peso fell then copper prices were falling. The MSCI Latin American Currency Index .MILA00000CUS edged up …

Read More »

Developers halt new condos after currency crash, costs skyrocket – The Island

Lady Ridgeway Children’s Hospital Orthopedics is in urgent need of essential surgical supplies. These are essential to make it less painful for children recovering from broken bones or after surgeries to correct deformities. Anyone who’s been unlucky enough to have a limb in a plaster of paris will know what …

Read More »

China’s GDP blasts the Fed’s Jackson Hole Party

Jerome Powell speaks during a Bloomberg Television interview at the Jackson Hole Economic Symposium in Moran, Wyoming, USA David Paul Morris/Bloomberg Not since 1997 have central bankers gathered in Jackson Hole, Wyoming, been so worried about Asia. The resumption of the Federal Reserve’s annual retreat in Grand Teton National Park …

Read More »

America roundup: Dollar gains ahead of Fed’s Powell speech, Wall Street ends higher, gold stabilizes, oil ends higher on US response to comments Iran nuclear deal – August 25, 2022

Market overview • Canadian Corporate Profits (TQ) 6.5%, previous 1.9% • Wholesale sales in Canada (monthly) -0.6%, previous 0.1% • US July Non-defense durable goods (monthly) 1.2%, previous 0.5% • July US Durable Goods Orders (monthly) 0.0%, forecast 0.6%, previous 2.0% • US Durable Goods Orders in July (monthly) 0.3%, …

Read More »

The ringgit ends lower against the US dollar

At the close, the ringgit was also trading lower against a basket of major currencies. ― Photo by Sayuti Zainudin Tuesday, August 23, 2022 7:33 PM MYT KUALA LUMPUR, Aug. 23 – The ringgit finished weaker against the US dollar today as the greenback continued to strengthen amid rising risk …

Read More »

Ringgit extends losses and opens lower against US dollar

At 9:15 am, the local currency stood at 4.4830/4860 against the greenback compared to Friday’s close at 4.4760/4795. —Photo Reuters Monday August 22, 2022 10:00 MYT KUALA LUMPUR, Aug. 22 – The ringgit opened lower against the US dollar today, extending its losses over the past week as more investors …

Read More »

Managing Obligations and Financial Goals amid Rising Inflation and Interest Rates – TechEconomy.ng

The environment in which South Africans must manage their finances continues to become more complicated, with interest rates and the general cost of living rising sharply. There are several well-disaggregated reasons for this. In addition to the cyclical nature of the markets, various exogenous shocks, triggered by the war in …

Read More »

How are biotech ETFs reacting to Q2 earnings releases? – August 18, 2022

The biotechnology sector has been in an ideal position for some time now. Biotech stocks have been huge beneficiaries of the pandemic as many of these companies were developing new vaccines and treatments for Covid-19, leading to increased IPOs and venture capital investments. But then stocks took a massive dive …

Read More »

all you need to know

Shri Krishna Janmashtami Puja Vidhi and Katha Shri Krishna Janmashtami, or Shri Krishna’s birthday, is celebrated on Ashtami Tithi, Bhadrapad Krishna Paksha at Nishita Kaal (the eighth day of the waning phase of the lunar cycle of the month of Bhadrapad at midnight). The puja is performed during Nishita Kaal …

Read More »

Princeton Hall of Fame basketball coach Pete Carril dies at 92

Placeholder while loading article actions Pete Carril, a Hall of Fame college basketball coach who developed a system of play known as Princeton Offense, which propelled his undersized Princeton teams to heroic performances against division powerhouses I of the NCAA and shaped the way the game is played from high …

Read More »

Did UK inflation pick up in July?

Has the inflation rate in the UK increased in the last month? Soaring oil and gas prices, coupled with rising food prices, are weighing heavily on the UK economy. In June, inflation in the country hit a new 40-year high of 9.4%, above eurozone and US levels. Inflation data for …

Read More »

US stocks mixed on signs of inflation stabilizing

U.S. stocks were mixed on Thursday, after gains in the previous session on news that inflation data for the world’s largest economy came in below expectations. The broad-based S&P 500 gained 0.3% in mid-afternoon on Wall Street, after closing 2.1% higher on Wednesday. The Nasdaq Composite – which is weighted …

Read More »

Stock market today – 8/10: Stocks rise as July CPI data looms

U.S. stock futures rose on Wednesday as the dollar fell against its global peers as investors braced for a key inflation reading in July that could either cement the monetary tightening program of the Federal Reserve, or trigger a pullback in rate hike bets. The headline CPI is expected to …

Read More »

Wall Street muted on mixed inflation messages

The Dow Jones Industrial Average rises just 0.09% on Monday August 8, while the S&P 500 loses 0.12% and the Nasdaq Composite drops 0.1% Stocks on Wall Street were mostly flat on Monday August 8, the dollar weakened and US government bond yields fell as investors weighed mixed messages about …

Read More »

Social Security probably won’t be enough for your retirement – here’s how to prepare

JThere is no doubt that Social Security plays a key role in the retirement plans of millions of Americans. But the problem is that the federal program was not designed to fully fund retirement. In fact, the original intention was that it would only cover about 40% of retiree expenses. …

Read More »

The ringgit is expected to trade in a narrow range against the US dollar next week

KUALA LUMPUR: The ringgit is expected to trade in a tight range against the US dollar next week as investors continue to monitor various global economic data to chart the direction of the market, an analyst said. Stephen Innes, managing partner of SPI Asset Management, said the recent visit to …

Read More »

The rupee drops 17 paise to close at 79.32 against the US dollar

On August 3, the rupiah fell 62 paise to close at 79.15, marking its worst single-day drop in the current financial year. On August 3, the rupiah fell 62 paise to close at 79.15, marking its worst single-day drop in the current financial year. The rupiah depreciated 17 paises to …

Read More »

The ringgit opens slightly lower against the US dollar

At 09:00, the local currency stood at 4.4570/4595 against the greenback against yesterday’s close at 4.4540/4565. ― Photo by Hari Anggara Wednesday August 03, 2022 09:58 MYT KUALA LUMPUR, August 3 ― The ringgit opened slightly lower against the US dollar this morning as investors continue to seek refuge in …

Read More »

Ringgit ends lower on August 1 as US dollar index accelerates downtrend

KUALA LUMPUR (August 1): The Ringgit ended lower against the US Dollar on Monday (August 1), as the US Dollar Index (DXY) broke its three-day downtrend around the monthly low. The DXY, which was holding lower near 105.80 during Monday’s Asian trading session, pared recent losses amid caution ahead of …

Read More »

Pakistani rupee falls 36% against Saudi riyal in seven months

KARACHI: The Pakistani Rupee (PKR) registered a sharp drop of 16.79 rupees or 36% against the Saudi Riyal in the last seven months from January to July 2022, according to official data. According to weighted average customer exchange rates issued by the State Bank of Pakistan (SBP), the selling rate …

Read More »

Dollar Traps US Businesses in $4 Trillion Stress Test

US one dollar banknotes are seen in front of the stock market graph displayed in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register NEW YORK, July 29 (Reuters Breakingviews) – The strength of the dollar is becoming a test of nerves …

Read More »

Gulf Central Banks Hike Rates as Fed Makes Second 75bp Hike

DUBAI, July 27 (Reuters) – Most Gulf central banks raised key interest rates by three-quarters of a percentage point on Wednesday, following the lead of the U.S. Federal Reserve, with their currencies pegged to the dollar. The Central Bank of Kuwait, the only one of the six Gulf Cooperation Council …

Read More »

Peso will come under renewed pressure as another Fed hike looms

FX RATES The local currency has lost 10.4% of its value against the greenback since the start of 2022. —FILE PHOTO INQUIRER The Philippine peso may come under pressure to depreciate soon as the US Federal Reserve is expected to aggressively raise interest rates again this week, after trading relatively …

Read More »

Turkey is no longer the cheapest holiday destination – here’s where to go instead

The Post Office’s Nick Boden said: ‘The recent fall in sterling against European currencies means it will be crucial for families to keep tight control over resort spending this summer to avoid breaking the vacation budget. “We also found that prices can vary significantly between resorts in the same country. …

Read More »

The price of gold does not rise

Gold prices have been unable to stop the strength of the US dollar, which he recently described as temporary. Gold price XAU/USD fell to the $1688 per ounce level in early trading today, Thursday, after gains early in the week, reaching the $1724 per ounce level. The price of gold …

Read More »

It is illegal to withdraw naira to buy dollars — Emefiele

By Aduragbemi Omiyale The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Elefiele, has warned bank customers, especially politicians and high profile personalities, to refrain from withdrawing naira for the purpose of converting them into dollars just for good. He called the action illegal, which he said was …

Read More »

The ringgit is trading lower against the US dollar

KUALA LUMPUR (July 19): The ringgit traded lower on Tuesday (July 19), taking inspiration from deteriorating global sentiment amid recession risk in the United States and energy crisis in Europe. As of 10:22 a.m., the local currency had fallen to 4.4555/4580 against the greenback since Monday’s close at 4.4520/4550. Stephen …

Read More »

Unrealistic energy policies to fuel inflation

Saudi Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuels and clean energy technologies to meet global demand, and that unrealistic emissions policies would lead to high levels of inflation. unprecedented. The prince said that Saudi Arabia had announced to increase its production capacity …

Read More »

What a Strong Dollar Means as Global Economic Worries Rise

The value of the US dollar is the strongest in a generation, devaluing currencies around the world and disrupting the outlook for the global economy as it upends everything from the cost of vacations abroad to the profitability of multinational companies. How currencies fell against the dollar The percentage change …

Read More »

Stocks and oil under pressure as markets eye US rate hike

Stocks were mixed, oil prices fell and the dollar rose on Thursday, as investors wondered what searing inflation figures released on Wednesday would mean for higher U.S. interest rates when the Federal Reserve will meet later this month. Wall Street’s S&P 500 fell 0.4%, extending losses from the previous session, …

Read More »

Europe roundup: Euro up ahead of US inflation data, European stocks slide, gold stabilizes near 9-month low, oil edged higher after dropping below $100 – July 13, 2022

Market overview • UK Industrial Production (monthly) in May 0.9%, forecast 0.2%, previous -0.6% •UK trade balance in May -21.45 billion, forecast -21.20 billion, previous -20.89 billion • UK trade balance in May excluding EU -10.37 billion, previous -10.99 billion • UK GDP (QT) 0.4%, 0.0% forecast, 0.8% previous • …

Read More »

Share the market today LIVE | Sensex, Nifty, BSE, NSE, Stock Quotes, Stock Market News Updates July 12, 2022

Share market news today | Sensex, Nifty, LIVE Stock Quotes: National stock market benchmarks BSE Sensex and NSE Nifty 50 started Tuesday with a gap lower, as suggested by SGX Nifty in early trading. The nifty futures were trading at 108.50 points or 0.7% lower at 16,090 on the Singapore …

Read More »

Your two monetary choices

Today, we are becoming more and more aware that our monetary situation is rather rotten. Leaving things to central bankers, who obviously make it up as they go, hasn’t worked very well. More recently, these central bankers have become very aggressive in response to Covid in 2020; and the “inflation” …

Read More »

US dollar stagnates in choppy trade after payrolls beat expectations

US payrolls beat expectations in June Rate futures prices up 75 basis points Yen in focus as ex-PM Abe gunned down NEW YORK, July 8 (Reuters) – The U.S. dollar was little changed against a basket of currencies on Friday ahead of the weekend after a choppy session that saw …

Read More »

Japanese yen rises after reports that former Prime Minister Shinzo Abe fired

SINGAPORE — Japanese stocks shed some gains and the yen rose after local media reported former Japanese Prime Minister Shinzo Abe was taken to hospital after an apparent shooting. The Nikkei 225 was up 0.73% and the Topix index 0.83% after the lunch break. Both indexes were up more than …

Read More »

Sensex springs 617 pts, Nifty finishes near the 16K mark; Bajaj Twins Rally

Major equity benchmarks ended with strong gains on Wednesday. After opening at 15,818.20, the Nifty moved higher as the session progressed and closed near the 16,000 mark. consumer goods and durable consumer goods. The barometer index, the S&P BSE Sensex, jumped 616.62 points or 1.16% to 53,750.97. …

Read More »

Phasing out the Novi service from Meta: what you need to know

What little remains of Meta’s once ambitious cryptocurrency project is coming to an end. A pilot program for Novi, a money transfer service that uses a cryptocurrency wallet of the same name, will stop working on September 1, according to a notice on its website. Novi operates only in Guatemala …

Read More »

Crypto in my 401(k)? In a way, that makes sense, but on the other hand…

Spoiler alert: If you’re planning on skipping to the bottom of this article to find out if you should include crypto in your 401(k), you’ll be disappointed. There is no “yes” or “no” answer. What you invest in your qualifying retirement plan depends on your personal circumstances and how comfortable …

Read More »

Direxion launches Breakfast Co – GuruFocus.com

First ETF to offer direct access to six popular agricultural commodities NEW YORK, June 1, 2022 /PRNewswire/ — Direxion (www.direxion.com), a leading provider of leveraged, inverse and thematic ETFs, today announced the launch of the Direxion Breakfast Commodities Strategy ETF (Ticker: BRKY), a one-of-a-kind exchange-traded fund offering exposure to the …

Read More »

Russia and China set to develop new reserve currency

Russia and China are developing a new reserve currency with other BRICS countries, President Vladimir Putin has said. The basket currency would rival a US-dominated IMF alternative and allow Russia to expand its influence, an analyst has said. The dollar’s dominance is already eroding as central banks diversify into Chinese …

Read More »

Rupee and RBI: A match not made in heaven

We have all heard about the depreciation of the rupee against the dollar lately. At around 78.06, the rupee has depreciated by more than 5% over the past year. But the depreciation of the rupee is not something unheard of. Since 1991, the INR has constantly depreciated against the dollar. …

Read More »

How Inflation Erodes The Value Of Your Money – Forbes Advisor UK

The inflation rate has made headline news in the last few months, reaching its highest level – 9% – in 40 years. Rising food and energy prices have contributed to the current squeeze on the cost of living, together with the Bank of England increasing interest rates to try to …

Read More »

Loyalty Ventures Inc. Provides – GuruFocus.com

DALLAS, June 08, 2022 (GLOBE NEWSWIRE) — Loyalty Ventures Inc. (LYLT), a leading provider of data-driven consumer loyalty technology solutions, today provided an update on its program developments AIR MILES Reward (“AIR MILES MILES”). The company disclosed that its segment of the AIR MILES Reward Program and AIR MILES sponsor …

Read More »

Dow drops nearly 200 points as US stocks fall in volatile trade

U.S. stocks fell late Friday morning with the Dow Jones Industrial Average down more than 200 points as markets headed for their worst weekly decline since the start of 2020. How are stock index futures traded? S&P 500 SPX, -0.15% fell 26.4 points, or 0.7%, to 3,640. Dow Jones DJIA …

Read More »

Dollar eases ahead of Fed interest rate decision

NEW YORK, June 15 (Reuters) – The dollar fell slightly against a basket of currencies on Wednesday but remained close to a two-decade high hit in the previous session as traders awaited a rate decision. interest from the US Federal Reserve later in the session. An ad hoc policy meeting …

Read More »

The US dollar and Russian ruble are trading at all-time highs as currency markets remain unaffected by inflation concerns

As broader financial markets worry about inflation and possible further tightening, the U.S. dollar hit its highest level since November 2002. Specifically, the trade-weighted U.S. dollar index hit a 20-year high, an index that measures the performance of the dollar against a basket of other currencies, including the euro, yen …

Read More »

“More aggressive” Fed tightening on pressure on the rupiah, already at an all-time low; 80 per likely dollar

Record rupee at even lower level; 80 per dollar not too far The rupee fell to a new all-time low of 77.93 against the dollar on Friday amid expectations of aggressive tightening from the US Federal Reserve after data showed inflation hit a more than four-fourth high. decades. “A phrase …

Read More »

India’s foreign exchange reserves fall to $601 billion after two consecutive weekly increases

Data provided by RBI showed that India’s total foreign exchange reserves stood at $601.057 billion in the week ending June 3, 2022, down $306 million from $601.363 billion. dollars the previous week. Meanwhile, foreign currency holdings decreased by $208 million in the week under review to $536.779 billion from $536.988 …

Read More »

Inflation fuels fears of foreign exit

Inflation fuels fears of foreign exit Rate hikes could cause an exodus from the market Stock analysts expect foreign funds to exit the Thai stock market after inflation hit a 13-year high of 7.1% in May as the Bank of Thailand faces rising prices, to potential increases in interest rates …

Read More »