The Turkish lira fell on Tuesday, as companies in the country continued to buy US dollars for a second day, despite restrictions on commercial lending in pounds to companies that hold high foreign exchange reserves. The pound fell as much as 0.5% to 16.6376 pounds per dollar, after rising 2% on Monday. According to three […]
Tag: dollar
The most ‘aggressive’ central bank in the world raised its key interest rate to 200%
Zimbabwe’s central bank has raised its key interest rate by a record percentage, with the government re-introducing the US dollar as an acceptable currency in the African country in an effort to control inflation and stabilize the completely derailed level. of its hryvnia, according to Bloomberg. The Bank’s monetary policy committee more than doubled the […]
Powell: Fed Commitment to Return Inflation to 2% Strong
The chairman of the Federal Reserve, Jerome Powell, today reiterated his determination to face the highest inflation in 40 years, and said that the determination shown by the US Federal Reserve encourages the whole world to trade with the US dollar. “My colleagues and I are focusing solely on getting inflation back to its official […]
Russia loosens capital controls – The ruble is at a two-week high against the dollar
Russia has eased capital controls as exporters will no longer be forced to convert their profits into foreign currency, the country’s finance ministry said today, according to Reuters. By May, Russian companies were forced to convert 80 percent of their profits in foreign currency into rubles, a move that analysts say helped stop the ruble […]
The euro has strengthened since the ECB announced it would end its bond market in July
The euro is moving upwards after the announcement of the European Central Bank that it ends the bond purchase program at the beginning of the third quarter, while paving the way for the first interest rate increase after more than 10 years from next month. In particular, the euro strengthened by 0.25% to 1.0746 against […]
The euro fell again, after the temporary rise of the ECB
LAST UPDATE: 17:24 The upward movement of the euro immediately after the announcement of the European Central Bank that it ends the bond purchase program at the beginning of the third quarter, while announcing the first interest rate increase after more than 10 years next month, did not last long, as the public currency has […]
Ebury: Macroeconomic data in focus
By Enrique Diaz – Alvarez * Stock markets and risk markets in general recovered sharply last week, while US interest rates did not. The result was a predictable sell-off of the dollar, which mainly benefited the currencies of Europe and Latin America. The first was reinforced by differences in closure rates in the Atlantic, and […]
Ruble: Under 57 against the dollar for the first time in 4 years
The Russian ruble strengthened on Tuesday to levels seen since March 2018 against the dollar, strengthened by companies that focus on exports and sell foreign currency to pay taxes, according to Reuters. The ruble has strengthened about 30 percent against the dollar this year, despite the economic crisis in Russia, making it the best-performing currency […]
Bloomberg: Sterling Risk – May Fall to $ 1.15
The fall of the British pound (sterling) may not be over, although it is likely to save a 1: 1 exchange rate with the US dollar, notes Bloomberg Intelligence analyst Audrey Childe-Freeman. He says there is a realistic chance that sterling could reach $ 1.15 in the second half of 2022, especially given the UK’s […]
Investors queue to sort British pound with a possible recession on the horizon
Traders are increasingly sorting into the British pound as the cost-of-living crisis in the UK begins to intensify, CNBC reports. Inflation rose to 9% a year earlier in April, a 40-year high as food and energy prices continued to rise as the UK energy regulator raised its household energy price ceiling by 54% at the […]