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Argentina strikes $5 billion China currency swap extension
Argentina has agreed to expand its currency swap deal with China by $5 billion, the South American country's President Alberto Fernandez said on ...
16.11.2022
Global FX trading hits record $7.5 trln a day – BIS survey
Currency trading has hit a record $7.5 trillion-a-day, a comprehensive new study has shown, with the dollar retaining its global dominance but some signs too that London's position as the world's top trading hub is being eroded by Brexit.
The triennial survey carried out by central bank umbrella ...
28.10.2022
Dollar Edges Higher; Euro Above Parity Ahead of ECB Meeting
The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo hike by the European Central Bank.
At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose ...
25.10.2022
China’s digital currency passes 100 billion yuan in spending – PBOC
Transactions using China's digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China's central bank said on Wednesday, as the country continues its roll-out of a central bank digital currency.
The spending involved 360 million transactions in pilot areas in 15 provinces and ...
15.10.2022
Indian Rupee Hits Record Low of 82 as Rising Oil Prices Weigh
The Indian rupee hit a record low against the dollar on Friday as rising oil prices, corporate dollar demand and growing fears of a hawkish Federal Reserve battered the currency this week.
The rupee fell as much as 0.4% to an all-time low of 82.356 to the dollar. It was also set to lose nearly ...
08.10.2022
Swiss franc not highly valued – SNB’s Jordan
The Swiss franc is not highly valued despite its nominal rise, Swiss National Bank Chairman Thomas Jordan told a Swiss newspaper, adding the central bank intended to be deliberately vague about how it sees the safe-haven currency.
"In the past, we referred to the Swiss franc as being highly valued ...
30.09.2022
Ruble Surges to Two-Month High as Demand for Cash Explodes
The Russian ruble surged nearly 3% against the dollar on Friday amid a surge in demand for cash, as Russians emptied their savings accounts in the wake of Wednesday's mobilization call by President Vladimir Putin.
The ruble rose 3% to trade at 57.08 against the dollar amid reports of a nine-fold ...
24.09.2022
Chinese Yuan Hits Near 2-Year Low as Recession Fears, Fed Risks Weigh
China’s yuan sank to a near two-year low to the dollar on Friday, as concerns over slowing growth in the country and hawkish comments from the Federal Reserve weighed on Asian currencies.
The yuan fell as much as 0.4% to 6.8144 to the dollar, its weakest level since September 2020. The fall comes ...
19.09.2022
Dollar edges down but posts gains for week; yuan slips past key level
The dollar index was down slightly on Friday but registered a gain for the week as investors expected the U.S. Federal Reserve to remain aggressive when it hikes interest rates next week, while China's yuan eased past the key threshold of 7 per dollar.
The dollar mostly held a slight gain ...
16.09.2022
Japan ruling party exec urges $209 billion stimulus to combat inflation, weak yen – Sankei
A senior Japanese ruling party official on Thursday suggested a stimulus package of more than 30 trillion yen ($208.97 billion) is needed to address inflationary pressures in Japan's economy, the Sankei newspaper reported.
"The supplementary budget of last year exceeded 30 trillion yen in size," ...
15.09.2022
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