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We're back to currency wars, and here's why that is bad for markets Who wants a strong currency these days? Apparently nobody does. Having a strong currency appears out of favour, judging by the latest spat between global policymakers. Once it used to be a talisman for national economic success, but these days having a weaker currency seems the favoured tool for ...
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Pimentel warns: No partnership with digital currency firm Senate President Aquilino "Koko" Pimentel III has vehemently denied that he or the Senate had a partnership with the Digital Currency Co., Ltd. (DCC) for the release of a virtual currency called the Philippine Global Coin (PGC). Though he had met with people from DCC as a "matter of courtesy to visitors ...
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BoJ's Kawai: Not considering issuing a digital currency because there is no demand Bloomberg reports comments from Yuko Kawai, the head of the Bank of Japan (BoJ) FinTech division, delivered in an interview published Sunday. Key Points: "We aren't at the stage of considering issuing a digital currency because there is no demand." "To begin with, do we really need a digital ...
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Dollar crawls up but not out of woods as US policy doubts persist The dollar index against a basket of six major currencies rose 0.2 percent to 89.215, extending its rebound from 88.429, a three-year nadir set on Thursday. The currency was marginally helped by U.S. GDP data on Friday, which showed strong domestic consumption and capital spending even though ...
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Decrypting crypto currencies: Unraveling mysteries behind Bitcoins The Federal Trade Commission has found some online merchants that accept bitcoins as payment do not deliver the product on time, or they provide refunds with store credit rather than currency. That is why it is important to always know the seller and their policies before making a purchase.
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Japanese cryptocurrency exchange Coincheck hacked; loses half a billion dollars Owning a currency riding in a speculative way has inherent dangers. The description holds true for Bitcoins holders in Japan. In an unfortunate incident, Tokyo-based cryptocurrency exchange Coincheck lost $530 million to hacking.
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The Davos Divorce When US Treasury Secretary Steven Mnuchin dared touch what was a third rail for a Treasury Secretary – talking down the US dollar – he had done something not done since 1992 when Secretary Lloyd Bensten engaged in a full-blown currency war. While former Treasury Secretary Larry Summers was ...
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Australian dollar tipped to slide back to 70 US cents The dollar has advanced for seven straight weeks as the US dollar has slumped. Photo: AAP. "We don't see that as being something which is sustainable." Options traders are the most bearish on the Aussie among developed-market currencies, six-month risk reversals show. The premium investors paid ...
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