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Why Iran moved to unify dual exchange rates In an abrupt move, Iran moved to unify its dual exchange rates — one official and the other the free market rate — on April 11 to prevent further depreciation of the rial, re-establish the currency's stability and empower banks. Why at that time, and how successful will the move be? The short answer seems ...
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Currency rate policies & foreign trade Iranian government, as top officials have announced, is on the process of renovating its foreign currency system via managing domestic foreign currency market, reigning the currency rates, improving cooperation with exchange shops, and reinforcing exports. Setting the official rate at 42,000 rials to the ...
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Dollar climbs to 2-week high, boosted by rising Treasury yields, pound drop The U.S. dollar headed higher against most rival currencies on Friday, helped by rising U.S. Treasury yields. Also helping the buck, the British pound continued to slide after hints from Bank of England Gov. Mark Carney that the U.K. central bank may hold off on raising interest rates next month.
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Pound Sterling Left Reeling as Carney Pours Cold Water on May Rate Rise We reported yesterday that Sterling was looking well supported, despite the disappointing retail sales data release; in fact the currency was at one stage the day's best-performer in the group of major currencies which we saw as a sign that the expectation for a May interest rate rise was proving to be a ...
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Currency Exchange Forecasts For Euro, US Dollar, Yen, Ruble And New Zealand Dollar The latest currency forecasts roundup from the Exchange Rate Research Team covers the USD/RUB, USD/CAD, EUR/USD and NZD/USD pairings from top analysts at J.P. Morgan, Citibank, Scotiabank and SEB financial institutions. As a reference, the US Dollar ended the week at 1.27581 against the ...
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Propy (PRO) is Going Up and All the Reasons to Care Propy (PRO) is another one of currencies that are ranked below top 100 that is, as of the current events, setting the crypto market on fire. During a pretty short period of time, this currency has managed to head to the moon by collecting over 105% of gains while being traded in the green against the dollar, ...
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