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Iran Plans to Design Its Own Digital Currency An experimental national cryptocurrency has been developed by the Islamic Republic of Iran, only days after the central bank of the country banned bitcoin trading. The news came at a time when its national currency is plummeting to unprecedented lows and a return of punitive US economic sanctions ...
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The Dollar's Rebound Is More Mystery Than Economics My first real job in markets in the mid-1980s was as a proprietary currency trader for a New York money center bank, as they were then called. I lasted about three years before I concluded I couldn't make heads or tails of currencies. A decade and Ph.D. later, I still didn't know what drove currencies.
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Venezuela Hikes Pay 95% to Offset Currency Plunge Venezuela Hikes Pay 95% to Offset Currency Plunge. CARACAS – Venezuelan President Nicolas Maduro announced on Monday a 95 percent increase in the pay and food allowance that will maintain the value of workers' total compensation at $37. "I've decided on ... a comprehensive increase in the ...
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Dollar at reasonably fair value over the longer term Dollar selling, both speculative and related to unhedged flows into European equity markets and hedged flows from European and Japanese investors into US fixed income, has persisted despite the fact that interest rate differentials have widened dramatically in favour of the US currency, up to around 3 ...
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