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Venezuelans suspicious of currency rebrand amid hyperinflation CARACAS (Reuters) - Venezuelans said on Friday they lacked confidence in President Nicolas Maduro's decision to knock three digits off the country's ailing bolivar currency amid soaring hyperinflation. The measure to divide the bolivar by 1,000 will take effect from June 4, the leader announced on ...
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Higher Libor-OIS Is New Normal But Don't Fret, Says CS's Pozsar "BEAT explains why cross-currency bases are tighter while Libor-OIS is wider, and also introduces upside risks" to the forward Libor-OIS spread, he wrote. The gauge measuring where Libor-OIS is seen moving in coming months -- the June FRA/OIS spread -- reached about 54 basis points this month, ...
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Bitcoin And Rest Of Digital Currency Market Has A Flat Friday Cryptocurrency prices dipped slightly today, but basically held position after a morning scare related to Japan's warnings to large volume exchange Binance. Bitcoin was at the $8,600 per single coin level at mid-morning, with the rest of the cryptocurrency market also holding service within a percentage ...
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Graphic: Turkey's economic troubles in five charts The steadily weakening currency and stubbornly high inflation seem locked into a self-feeding cycle, and there is little sign of a let up for the currency, already one of the worst-performing in emerging markets this year. Below are five charts showing the pressure points in Turkey's economy.
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