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S.Korea's foreign currency deposits hit record high on weak dollar SEOUL, Jan. 15 (Xinhua) -- Foreign currency deposits in South Korea hit a record monthly high as exporters refrained from selling the U.S. dollar amid the weak dollar trend, central bank data showed Monday. Deposits denominated in foreign currencies came in at 83.03 billion U.S. dollars as of ...
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Asia Pacific currencies' gains push dollar to fresh 3-year low Asia Pacific currencies firmed against the US dollar on Monday as the dollar index fell to a fresh three year low. Japan's yen strengthened 0.3 per cent at ¥110.64 against the greenback while the Australian dollar was up 0.5 per cent at $0.7953 and the New Zealand dollar was 0.3 per cent higher at ...
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Foreign currency shortages to persist HARARE - Foreign currency shortages are expected to persist throughout this year despite promising economic turnaround following the inauguration of Emmerson Mnangagwa as Zimbabwe's President late last year. Market experts, Equity Axis, said local companies should brace for further dire ...
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EM ASIA FX-Asian currencies rise on risk appetite, yuan bounces Jan 15 (Reuters) - Asian currencies firmed on Monday as the dollar tumbled to a three-year low, with China's yuan in the lead as Germany's central bank moved to add the currency to its foreign reserves. Traders said stronger global risk appetite and a rise in commodity prices were combining to lift ...
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Cryptocurrency rivals snap at Bitcoin's heels FILE PHOTO: Sparks glow from broken Bitcoin (virtual currency) coins in this illustration picture, December 8, 2017. Dado Ruvic, Reuters. PARIS - Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the most lucrative one and far from alone in a universe that counts 1,400 ...
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Korean tech minister seeks to quell blockchain fears amid bitcoin crackdown South Korea's science and technology minister has stressed that the government will support the fostering of blockchain to quell fears that the recent crackdown on virtual currency will spill over to other emerging technologies. Minister of Science and IT Yoo Young-min told reporters Monday that ...
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