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Tag Archives: Currency

Deal on currency and Huawei? Speculations on US China trade talks rock markets – RT Business News

Washington, United States of America and China unfold in a series of conflicting news reports.      Washington and Beijing, which are now in their third day. Led by Chinese Vice Premier Liu He and US Trade Representative Robert Lighthizer. The South China Morning Post (SCMP) sent US stock futures into a tailspin, reporting that the negotiations had reached an impasse …

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Facebook Unveils Libra Crypto Currency Basket Breakdown: Report

Facebook has reportedly uncovered the percentage breakdown of a basket of global currencies that will support Libra's cryptocurrency. It is already known that 50 percent of the basket will be denominated in the US dollar The German newspaper Der Spiegel said on Friday in a report that the remaining part of the euro, the yen 18%, 14%, 11% and 7% …

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That's why regulators are so worried about Facebook's digital currency

A visual representation of a cryptocurrency coin in front of the logos of Facebook and Libra. Chesnot | Getty Images Policymakers around the world have stepped up the pressure on Libra, the digital currency introduced by Facebook, fearing it could seriously disrupt the global financial system. On Tuesday, European Central Bank Governing Board member Benoit Coeure warned virtual currencies such …

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China is about to launch a Libra-style digital currency

Enlarge / An employee counts 100 yuan bills in China's eastern Jiangsu province on July 23, 2018 at a bank in Nantong, China. – / AFP / Getty Images According to Reuters The Chinese central bank is working on a cryptocurrency that is similar to the Libra of Facebook. China's central bank has had a group studying digital currencies since …

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Argentina introduces currency controls to shore up the economy

Image Rights Getty Images Argentina has introduced currency controls to stabilize markets in the face of worsening financial crises. The government will restrict the purchase of foreign currencies following a sharp decline in the peso. Companies must obtain permission from the Central Bank to sell pesos to buy foreign currency and make remittances abroad. Argentina is also trying to shift …

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The US does not intend to intervene in the currency markets for the time being, Mnuchin tells Bloomberg by Reuters

© Reuters. Meeting of G7 Finance Ministers and Central Bank Governors in Chantilly WASHINGTON (Reuters) – US Secretary of the Treasury Steven Mnuchin said Wednesday that the United States is not currently seeking intervention on the currency markets, Bloomberg News reported. Mnuchin Bloomberg said in an interview that the situation may change in the future, but believes that such action …

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Roger J Kerr's questions about the American dollar continue to be a safe haven currency, with the financial and investment markets now seeing the trade wars directly damaging the US economy

Over the past 18 months, since US President Donald Trump has been following the trade with China, the foreign exchange market has generally been negative and New Zealand. The Kiwi dollar has depreciated against the USD as it has been financed by the global financial markets Kiwi dollar downtrend against the USD has been punctuated with two periods of NZD …

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Comment: Who manipulates who in this China-US Currency War?

SYDNEY: The United States has classified China as a currency manipulator. The movement threw shockwaves through the markets early this week and left many speculating on what might come next. Most recognize that China has done extensive currency manipulation in the past, but does not do so, even by the standards of the US Treasury Department. Advertising Advertising Indeed, in …

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China Signals It Will Continue To Woke Its Currency As Trade War Rages

BEIJING – China signaled on Thursday that it would continue to weaken its currency. China's central bank on Thursday is the midpoint of the renminbi's daily trading range Above 7 to the American dollar for the first time in more than a decade. The move in effect the Beijing Expects the renminbi to continue to weaken versus the dollar, perhaps …

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