Currency exchange ‘making euro destinations more affordable’
Currency exchange rates for sterling are making European destinations more affordable for Britons.
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Archive for 'Markets'
South Korea, India, Taiwan: Asia Bonds, Currency Preview
The following events and economic reports may influence trading in Asia’s local bonds and currencies today.
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‘Gold is a currency that cannot be debauched’
The U.S. dollar may only look good because its fiat currency brethren look bad, but declining confidence in paper money has thrust gold toward a position it hasn’t enjoyed for a century or so— freedom from its seesaw relationship with the U.S. dollar.
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Russia wants rouble as a global reserve currency
Russia wants the rouble to be one of the world’s reserve currencies as President Dmitry Medvedev renews his push to reduce the dollar’s dominance and make Moscow a global financial hub.
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Euro gains versus dollar as EU debt concern eases
The euro rose the most this week against the greenback in more than a year as an easing in concern over Europe’s debt crisis spurred traders to end bets the shared shared currency would decline.
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Euro Resilience Suggests Currency May Recover Further Against Dollar
The Euro finished the week modestly higher against the recently-downtrodden US Dollar, rising relatively steadily amidst broad similarly bullish moves in the S&P 500 and other barometers of financial market health. A relatively uneventful European Central Bank interest rate decision arguably boosted financial market sentiment and helped the Euro recover against the safe-haven US Dollar.
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S Korea currency controls likely on Sunday
South Korea is most likely to unveil much anticipated limits on banks’ currency forward and derivatives trades on Sunday, a source at the Ministry of Strategy and Finance said on Friday.
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Gulf region to stay with dollar for oil: UAE central bank source
Gulf Arab oil exporters will stay with the dollar as the currency for trading crude, a source in the United Arab Emirates central bank said on Tuesday.
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A protracted overvalued currency harms economy
The necessary debate on what to do about the stronger rand has gained momentum this year along with the unit. Although the collapse of the proposed MTN-Bharti Airtel deal knocked the rand last week, this year has seen the unit rise by about 40 percent against the dollar, pushed largely by capital inflows and global trends.
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UN Panel wants G-20 to discuss new global reserve currency news
A United Nations panel has called on the Group of 20 nation to deliberate on fundamental reforms in the global financial system, including the formation of a new global currency reserve, considering the deep and prolonged economic crisis facing the world community.
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