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Mexico sells $400 mln at auction to renew currency hedges MEXICO CITY, Dec 27 (Reuters) - Mexico central bank on Wednesday sold all of the $400 million offered in an auction to renew one of the sections of a currency hedging program, said the monetary entity. Mexico received bids worth $645 million for the $400 million put up for auction for the 30-day ...
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Sudan to devalue pound currency to 18 per dollar in January: Minister Sudan is to devalue the Sudanese pound to 18 per dollar in January from the current 6.7, the finance minister said on Dec. 26, after the IMF called for it to let the currency float freely to encourage foreign investment in the country. Sudan is also set to reduce subsidies for much of its manufacturing sector, ...
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FOREX-Dollar index hits 3-1/2 week low, commodity-linked currencies gain NEW YORK, Dec 27 (Reuters) - The U.S. dollar fell to a 3-1/2 week low against a basket of currencies on Wednesday as traders bet more major central banks would begin reducing monetary stimulus in 2018 due to faster global economic growth. A rally in commodity prices, led by oil and copper, ...
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Israeli Central Bank Considering Issuing Digital Currency After a spectacular year of growth, Bitcoin and other cryptocurrencies continue to rise in value and to assert their staying power in the mainstream economy. Cryptocurrencies are emerging from their niche exile, and their features are being discussed as solutions for entire governments, not just individual ...
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