Thu, December 08, 2022

Forex

Dollar, Aussie, Kiwi, monetary policy

The Dollar Is Flat as The Outlook for Growth Dims

The Dollar Is Flat as The Outlook for Growth Dims The dollar showed little movement on Wednesday. The Chinese yuan strengthened simultaneously as the authorities relaxed some of the nation’s zero-COVID regulations. Leading bankers from JPMorgan, Bank of America, and Goldman Sachs stated overnight that they are preparing for an economy that will deteriorate next …

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China sees growth in consumer spending

How Are China’s COVID Restrictions Controlling the Market?

As investors rushed to the haven dollar on Tuesday due to concerns over China’s COVID flare-ups, the dollar stabilized after rising the previous day. Bitcoin, however, came under pressure due to worry about new contagion following the bankruptcy of cryptocurrency exchange FTX. The dollar was at 141.86 yen, down 0.18% after a 1.2% gain; the …

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Bank of Israel Indicates More Interest Rate Hikes Ahead

Bank of Israel Indicates More Interest Rate Hikes Ahead

Even as a top central banker cautioned that borrowing costs would need to go higher to get a grip on inflation, Israel raised interest rates less than expected by most economists. The longest monetary tightening cycle in decades remains intact as policymakers raise the benchmark rate from 2.75% to 3.25% for the sixth consecutive year. …

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Reporting This Week's Currencies Around the World

Reporting This Week’s Currencies Around the World

Foreign Investors Are Calculating Their Own Forex Rate in Nigeria Due to a chronic dollar shortage, the naira trades at an official and a much lower parallel rate. Correspondingly, foreign investors are using their calculations to value their ambushed Nigerian holdings. Pricing for two stocks listed in Lagos and London, Airtel Africa Plc and Seplat …

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Dollar

The Dollar Is Rising, Is This Long Term?

On Thursday, the dollar climbed as U.S. Treasury rates rose as investors watched for aggressive remarks from Federal Reserve officials. At the same time, the British pound dropped due to investors’ dissatisfaction with the U.K. government’s most recent budget. The dollar recovered a touch after sliding in recent weeks as speculation that the U.S. central …

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