Rupee drops to record low, other Asian currencies tank against US dollar. Here’s why – Firstpost
The US dollar has been on the rise for five consecutive days. ReutersThe past few days have seen currencies like...
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Rupee drops to record low, other Asian currencies tank against US dollar. Here’s why – Firstpost
Most Asian currencies have become weaker due to a stark rise in the value of the US dollar. The jump...
US Dollar Outshines the Chinese Yuan, Japanese Yen & Indian Rupee
Leading Asian currencies that threatened to uproot the US dollar as the world’s reserve currency are bleeding in the charts....
US Dollar Walks Proud, Stands Tall Despite Local Currency Threats
The US dollar is trampling all local currencies around the world this month in April 2024. The DXY index, which...
US Dollar gets costlier to borrow in China in new sign of Yuan woes
The premium to borrow dollars in China’s local markets has jumped over the past month, another example of the resurgent US currency’s global reach and persistent headwinds facing the yuan.China’s overnight interbank dollar lending rate hit a record 5.47% on March 29 after a steady climb, before easing to 5.42% Thursday, Bloomberg-compiled data show. That has pushed its gap with the US secured overnight financing rate, a global benchmark, to the widest since July twice in the past two weeks.The tightening supply of the US currency in China has coincided...
How To Make Indian Rupee as International Currency
The exchange of foreign currencies goes back to early human civilisation and the advent of trade routes and commerce. In...
ECB-Fed divergence and political upheaval could roil currencies and boost gold, analysts warn
(Kitco News) - The European Central Bank (ECB) will issue its interest rate decision on Thursday morning, and while markets...
10-year plan: Can the Indian rupee go global without 100% convertibility?
Last week, Prime Minister Narendra Modi asked the Reserve Bank of India (RBI) to prepare a 10-year strategy to make...
US Dollar’s Global Reserve Currency Status Will Decline, Says Analyst
The status of the US dollar as the primary world currency and global reserve seems to be in jeopardy. The...
Zimbabwe introduces a new gold-backed currency
(Kitco News) - Gold’s role as a monetary metal has dominated the marketplace for the last two years, and now...
