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Pakistan Unexpectedly Holds Key Rate After Currency Devaluation The decision to hold follows a currency devaluation this month, the second since December, as dollar reserves decline the most in Asia and as Pakistan's current account deficit has risen by 50 percent in the eight months ended February. Inflation though has been relatively subdued at 3.8 percent in ...
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Chinese Currency Rises Against Dollar, Paves Way for 'Petro Yuan' Chinese Currency Rises Against Dollar, Paves Way for 'Petro Yuan'. © AFP 2018/ Fred ... While the yuan is displaying record gains against the United States dollar, it appears that the Chinese government is seeking to find an alternative to using the American currency in payments for imported crude oil.
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Follow the money as Gulf tension ratchets up That is not a simple task, because most of the states on the Gulf have fixed currency pegs, and all of them have opaque governance and obedient media. Insider trading is not the exception but the rule. For decades, Gulf financial markets and exchange rates have been tranquil, right up to the moments ...
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Ripple is the worst performer among major cryptocurrencies in the first quarter Cryptocurrency ripple is the worst performer among the top digital currencies by market capitalization as the first quarter comes to a close. The entire sector has taken a hit this year due to regulatory concerns and an advertising crackdown. Total market capitalization for cryptocurrencies has fallen by ...
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Controversy Brewing over Currency Agreement The Office of the United States Trade Representative (USTR) announced on March 28 that the South Korean and U.S. governments recently reached a currency agreement and currency devaluation and exchange rate manipulation by the South Korean government are prohibited according to the ...
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