Investing in Currencies

Moscow, Dec 31 (IANS) The US dollar’s share of global central bank reserves has continued to decrease, nosediving to 59.2 per cent in the third quarter of 2023, according to the latest data released by the International Monetary Fund (IMF). The decline comes amid the de-dollarization trend gaining momentum across the globe, RT reported.IMF statistics show the greenback’s share is down from roughly 70 per cent in 2000. The dollar remains the world’s leading reserve currency with the euro coming second, while the latter’s share has slid to 19.6 per...

The world of cryptocurrencies has captivated the imagination of investors around the globe, offering unparalleled opportunities for wealth creation. The rise of and the subsequent surge of various altcoins have made crypto investments a hot topic in recent years.If you’ve been wondering how much you need to invest now to become a crypto millionaire by 2024, this article will provide you with valuable insights. Moreover, we’ll introduce you to Retik Finance, a project that has been gaining significant attention in the crypto space due to its groundbreaking presale and potential...

New Delhi, Dec 30 (IANS) The year 2023 has witnessed huge investment by FPIs thanks to the sharp uptick in flows in December, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.FPI inflows which were negative in the previous 3 months have sharply turned positive in December with total buying of Rs Rs 66134 crores. This figure includes the buying through stock exchanges and investment in the primary market. The total FPI inflows in 2023 stand at Rs 171106 crores, he said.The steady decline in US bond yields...

By Karen Brettell and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates. Questions for 2024 will be when the Fed begins cuts, and whether the first rate reduction is made to avoid over-tightening as inflation drops, or due to slowing U.S. economic growth. With markets already pricing in aggressive cuts, debate...