Fri, January 27, 2023

Central bank

Dollar and other currencies

The Dollar Dropped

The dollar fell on Tuesday after China announced that it would scrap its COVID-19 quarantine rule for inbound travelers, a significant step toward reopening its borders that boosted risk-sensitive currencies such as the New Zealand and Australian dollars. According to the National Health Commission, China will no longer require inbound travelers to enter quarantine upon …

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The Russian Rouble Is Strengthening Against The Dollar

Ruble Edges Higher

On Monday, the Russian ruble edged up against the dollar, gaining some ground after experiencing its biggest weekly decline since early July due to concerns about how sanctions on oil and gas would affect Russia’s export earnings. Following an oil embargo and price cap implementation, the ruble lost about 8% last week. It is currently …

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Oil Is Bouncing

Oil Is Bouncing Oil prices rose on Monday after falling by more than $2 a barrel the previous session, as optimism about the Chinese economy outweighed concerns about a global recession. Following the easing of mobility restrictions, China, the largest crude oil importer in the world, is currently experiencing the first of three anticipated waves …

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After Softer U.S. Inflation Data, the Dollar Declined

After falling on lower-than-expected inflation data the previous night, the dollar traded near its lowest levels in months against the euro and the pound on Wednesday. This fueled speculation that the Federal Reserve would announce a slower rate hike path. The U.S. central bank should raise interest rates by 50 basis points (bp) as it …

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Cryptocurrency transaction over €1,000 must now be public?

Any cryptocurrency transaction over €1,000 in the EU must now be public Recent reports from the European Union confirm a new fact. That any future cryptocurrency transactions over €1,000 in the EU will no longer be able to be anonymous. On December 7, 2022, the new legislation were revealed and confirmed, with the European Union …

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