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| Iran arrests currency traders as rial plunges Iranian police arrested around 100 money changers yesterday as it scrambled to contain the decline of the rial, which has lost a quarter of its value in six months. A video by state broadcaster IRINN showed dozens of currency hawkers, who normally ply their trade across the road from the British ...
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| Inflation is A Currency Issue, And That Makes Gold A Buy Regular readers will know that I have been bullish on gold, or at least its trading surrogate, GLD, on several occasions over the last year or so. The main reasons have been technical; each time the commodity has dropped to below $1200 it has looked like a solid buy, at least from a trading rather than a ...
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| Higher CPI sends the USD lower (hmmmm). USD is the weakest currency as London exits Who would have thought the higher US CPI would have sent the USD lower, but as London traders head for the exit, the USD has taken over as the weakest currency of the day. The NZD remains the strongest. Of course retail sales were not so great and there was a technical bullish reversal in many of ...
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| Sudan further curtails circulation of hard currency The Ministry of Finance of Sudan has announced the continuation of a policy of reducing the circulation of money among the public for the next seven days in measures aimed to halt the Sudanese currency's downward slide against the US Dollar.
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