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What Gifto Virtual Currency Has in Store for Us All Remember how much fun it was when the family used to get together and swap gifts? Paradoxically enough, social media platforms that are theoretically designed to bring kindred souls closer are, in reality, pushing us further apart. And the advent of new technology means that, at least for the time being ...
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Cuba Prepares To End Dual Currency System President Raul Castro has given his clearest hint yet that the Spanish-speaking Caribbean nation will adopt a single currency. "This issue has taken us too long and it cannot be delayed any longer," Castro said in a speech in December. Cuba has had two currencies since 1994, when it introduced the ...
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BIZ-INDOIRAN-CURRENCY New Delhi, Feb 17 (PTI) In a bid to boost bilateral trade, India and Iran today agreed to examine the feasibility of using rupee and rial as currency for trade, and signed pacts to avoid double taxation. New Delhi, Feb 17 (PTI) In a bid to boost bilateral trade, India and Iran today agreed to examine the ...
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Federal Reserve Board seeks to fine and bar Barclays banker over FX manipulation The Federal Reserve Board is looking to fine and permanently bar former Barclays employee Peter Little over manipulation in the currency market. Little, the former head of Barclays' foreign exchange spot trading desk in New York, is "alleged to have engaged in unsafe and unsound practices by using ...
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The dollar is at its lowest point since 2014 — and nobody can pinpoint the reason The index weighs the US dollar against a basket of 16 other currencies that account for about 80% of the global currency trading volume: Euro, Japanese Yen, Chinese Yuan, British Pound, Canadian Dollar, Mexican Peso, Australian Dollar, New Zealand Dollar, Hong Kong Dollar, South Korean Won, ...
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FOREX-Dollar limps up from three-year low after worst week in 9 months The U.S. currency has been weighed down by a variety of factors this year, including concerns that Washington might pursue a weak dollar strategy and the perceived erosion of its yield advantage as other countries start to scale back easy monetary policy. Traders' confidence in the dollar has also been ...
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FOREX-Dollar set for another weekly loss, euro at three-year high NEW YORK, Feb 16 (Reuters) - The dollar limped back from a three-year low against a basket of currencies on Friday but still marked its fifth weekly loss out of seven weeks this year, driving the euro up to its highest level since December 2014. The U.S. currency has been weighed down by several ...
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Academics blame algo trading for amplifying 2015 Swiss franc jump Algorithmic traders exacerbated volatility in the Swiss franc/euro exchange rate that arose when Switzerland's central bank unexpectedly removed its currency cap in January 2015, according to new analysis. In a shock move three years ago, the bank decided to decouple its franc from the European ...
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Yen Surges to 15-Month Highs: Japanese Inflation as a Pivotal Driver The Japanese Yen put in a pronounced move of strength this week as the currency crafted a fresh 15-month high against the US Dollar. Price action in USD/JPY drove-lower Monday thru Thursday, finally running into a bit of technical support on Friday morning. This bearish move broke through the ...
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UPDATE 1-Speculators trim bearish dollar bets to six-week low -CFTC, Reuters data To be short a currency means traders believe it will fall in value. In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the U.S. dollar posted a net short position valued at $12.03 billion, compared with $17.0 billion ...
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