Investing in Currencies

SEOUL - South Korea's capital is gearing up for a significant conference titled "Digital Money: Navigating a Changing Financial Landscape," bringing together financial experts and policymakers to discuss the economic implications of digital currencies. The event, organized by the Bank of Korea (BOK), South Korea's finance ministry, and the International Monetary Fund (IMF), is scheduled for Thursday to Friday next week.The conference aims to shed light on the evolving role of digital currencies in the global financial system and the challenges they present to traditional regulatory frameworks. Participants will explore...

Tokyo, Dec 8 (IANS) Amid escalating ruling Liberal Democratic Party fund scandal, Japan's Chief Cabinet Secretary Hirokazu Matsuno, country's top government spokesperson, has been accused of not reporting more than 10 million yen (about $70,000 ) in income raised by his party faction, local media reported on Friday.Matsuno, a member of the ruling Liberal Democratic Party (LDP)'s largest faction, namely Seiwaken previously led by the late former Prime Minister Shinzo Abe, was suspected to have pooled secret funds amounting to around 100 million yen over at least the past five...

KYIV - Ukraine's national currency, the hryvnia, has weakened to a new low against the dollar, with the latest figures showing a rate of 36.43 UAH/$ on Thursday. This decline follows a period of managed flexibility initiated by the National Bank of Ukraine (NBU) starting October 3, aimed at allowing greater exchange rate fluctuations.The NBU's policy shift is part of a strategy to progressively liberalize the currency market. By permitting increased volatility, the central bank intends to enhance the economy's resilience to external and internal shocks while considering overall macroeconomic...

NEW YORK - The currency pair experienced a slight recovery today, halting its six-day downward trend amid a broader sell-off of the and increased buying interest in the Japanese yen. The pair had reached a multi-week low since November 14 but found some support in the mid-1.0700s. This rebound comes despite expectations that weaker equity markets may limit the US dollar's losses and cap gains for the euro.The market's anticipation of a potential shift in the European Central Bank's (ECB) monetary policy influenced the euro's movement. Comments made on Tuesday...