Currency News: China’s foreign currency reserves, Brexit aftermath and Afghan ban of Pakistani currency
China’s foreign currency reserves, Brexit aftermath and Afghan ban of Pakistani currency
Currency News: China’s Yuan Experiences Biggest Fall in 5 Months
Economists are watching closely to see how China will address the devaluation of the country’s currency as any action taken could have global repercussions.
Currency News: Big bet, short Yuan!
Despite reassuring messages from Chinas Central Bank, some Hedge funds are making big bets against the currency of the country, which is suffering a slowdown in its economy and capital outflows.
Currency News:Ruppe Trades Lower Against USD
For a fifth straight session the Indian currency has dropped 11 paise to 66.84 against the US dollar in early trade on Tuesday, tracking weak trend in Asian currencies. The currency had closed at 66.73 against the dollar in the previous session on firm dollar demand from importers.
Currency News: Why This it is Not a Currency War
When People’s Bank of China devaluated the Yuan by more than 3 percent, the common feelings around global markets was that a currency war had just started.
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