Why Paul Krugman Thinks Common Brazil-Argentina Currency Is A ‘Terrible Idea’
Nobel laureate and noted economist Paul Krugman has poured cold water on the concept of a shared currency between Brazil and Argentina, c
US Stocks Look To Close Volatile Week On A High — Fed’s Preferred Inflation Gauge, New Home Sales Data, Tesla, AMC In Spotlight
Stocks could be in for a higher opening on Friday, as indicated by the trading in the index futures. Key economic data will have a bearing on the day’s market direction, although conviction in the potential move could be less due to the thin trading volume that is characteristic of pre-holiday trade.
As Putin Visits Belarus, Rouble Plunges To Weakest Level In 7 Months Against Dollar
The Russian rouble plunged to its weakest level in over seven months against the dollar on Monday and was on the path to its biggest single-day drop since July.
Bill Ackman Reveals Short Position Against Hong Kong Dollar: ‘Only Matter Of Time Before Peg Breaks’
Billionaire investor and founder of Pershing Square Holdings, Ltd. (OTC: PSHZF) Bill Ackman has revealed he has a large notional short position against the Hong Kong dollar saying the
This Country Will Now Use Gold To Buy Oil Rather Than Dollars
Ghana's government is negotiating a new policy regime where it will use its gold rather than its U.S. dollar reserves to buy oil products, Vice-President Mahamudu Bawumia said in a Facebook post on Thursday.
Watch Out, Traders! Dollar Index Breaches Key Level As Greenback Firms On China COVID-19 Worries, Hawkish Fed
The U.S. dollar commenced the week on a strong note, with the dollar index rising 0.53% to 107.49, boosted by defensive buying as investors weighed in on a spike in COVID-19 cases in China.
Why The US Dollar, A Safe Haven For Worried Investors, Rebounded On Monday
The Invesco DB US Dollar Index Bullish Fund (NYSE: UUP) rebounded by 0.6% Monday morning after a difficult week last week.
Yen Falls To 32-Year Low Against The Dollar
It’s one of the many effects of the rise in interest rates in the United States:
The Japanese yen has fallen to a 32-year low versus the dollar. The government in Tokyo will not allow its 10-year yield to rise above 0.25% — it’s a government finance policy mandate — so global investors avoid it in favor of the U.S. 10-year rate at 4%.
China’s Major State-owned Banks Seen Selling Dollars in Onshore Spot Market to Stabilize Yuan Exchange Rate
-Reuters
https://www.reuters.com/article/china-yuan/chinese-state-banks-dollar-selling-meant-to-prevent-the-spot-price-from-weakening-past-7-25-yuan-sources-idUSP8N2ZZ02E
Cathie Wood Believes Something Similar To The Plaza and Louvre Accords Could Be Repeated: Here’s What Happened In The 1980s
Cathie Wood has said the significant appreciation in the dollar led by the ongoing aggressive policy of the U.S.