Dollar or Yuan? We asked ChatGPT-4o which is the strongest currency for 2024
As global markets navigate complex economic landscapes, investors are keen to determine which currency will hold the strongest position in...
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BI Expects Rupiah to Strengthen Next Year, Trading Between Rp15,300-15,700 per US Dollar
TEMPO.CO, Jakarta - Bank Indonesia (BI) is confident that the rupiah exchange rate against the US dollar will soon strengthen away from the Rp16,000 mark amid ongoing global turmoil. The central bank predicts that the rupiah will be stronger next year, trading between Rp15,300 and Rp15,700 per dollar.BI Governor Perry Warjiyo said the rupiah had weakened by 5.25 percent in April-May 2024 compared to the end of 2023."(But) it is still better than the Philippine peso, the Korean won and the Thai baht. For next year, we estimate the range will...
Rupee falls 5 paise to 83.49 against US dollar
Story continues below Advertisement The rupee depreciated 5 paise to settle at 83.49 (provisional) against the US dollar on Thursday...
Rupee rises 1 paisa to 83.43 against U.S. dollar in early trade
The rupee inched up 1 paisa to 83.43 against the U.S. dollar in early trade on June 6 on the...
Unwinding of hugely popular currency trade rocks markets
A sharp drop in Mexico’s currency after a landslide election result has shaken foreign exchange markets as far as Hungary...
The high stakes trade that can move entire currencies
The U.S. dollar has, somewhat erratically, been getting stronger this year. A currency’s strength is of course based on its...
U.S. Dollar Reserve Currency Status Unchallenged
Most of the world’s major currencies have declined in value relative to the dollar this year. The simple explanation for...
De-Dollarization: 3 Reasons Why the Dollar Can’t Be Dethroned
De-dollarization efforts won't do much to dethrone the dollar, Morgan Stanley said. There are no true alternatives to holding the...
Gold is becoming the new currency of the world, dollar losing its grip
Story continues below Advertisement Since the First World War, dollar’s importance in the world has been continuously increasing. When America's...
Why USD Is the World’s Reserve Currency
The currency is big, stable and entrenched in the global economy — which is also why it’s become a compelling...
