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| China's Currency Pegged At 3 Month Low as Trump Trade Team Heads to Beijing China's move on the yuan, however, may also be a simple reaction to the recent rise in the dollar, which hit a 2018 high against a basket of six major peer currencies late Tuesday as investors bet on a hawkish tone from Federal Reserve Chairman Jerome Powell and his colleagues later today when ...
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| Goldschmidt gets promoted, sets sights on local currency growth The IFC has named Gabriel Goldschmidt its new director for Latin America and the Caribbean, promoting the Argentine from his previous role as the region's head of infrastructure. In his new position, Goldschmidt will manage the financial institution's investment and advisory services across 27 countries ...
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| Rial Slips Again Against Dollar, Despite Gov't Intervention Iran's national currency, the rial, continues its downward spiral, and is approaching 60,000 rials to the dollar. Despite emergency intervention by President Hassan Rouhani's administration setting an official range of 42,000 rials to the dollar, state-run Iran Labor News Agency reported May 1, "Each dollar ...
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| OTC Clear Expands Its Services To USD/HKD Cross Currency Swaps And Extends Clearable ... OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that provides clearing and settlement services for over-the-counter (OTC) derivative transactions, commenced clearing of US dollar – Hong Kong dollar Cross Currency Swaps (USD-HKD ...
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| Uganda shilling trades unchanged amid a sag in hard currency appetite KAMPALA, May 2 (Reuters) - The Ugandan shilling traded unchanged on Wednesday, drawing support from flat demand for hard currency from both banks and importers like manufacturers. At 1036 GMT commercial banks quoted the shilling at 3,710/3,720, the same level as Monday's close. Markets ...
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