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Our Big Mac index shows fundamentals now matter more in currency markets IT IS usually considered quaint to predict foreign-exchange movements by reference to whether currencies are dear or cheap. Metrics such as The Economist's Big Mac index, a lighthearted guide to exchange rates, hint at how far currency values are out of whack. But they are often driven further out of ...
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HSBC to pay $101.5m to settle US currency rigging probe HSBC to pay $101.5m to settle US currency rigging probe. The UK-based bank accepts responsibility for information from clients being used to profit from currency transactions. 06:57, UK, Friday 19 January 2018. A HSBC branch in London. Image: HSBC has admitted information was misused to profit ...
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Saudi cash injection boosts Yemeni currency Yemen's currency has risen sharply following Saudi Arabia's announcement of a US$2 billion (Dh7.3bn) cash injection, bringing hope of relief for citizens struggling with high prices in a country that imports most of its food. The economy of the Arab world's poorest country has been pushed to the brink of ...
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