Tag: currency
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Ghana arrests seven women over cedi ‘money bouquets’
The arrests are part of the country’s efforts to curb the misuse and abuse of the national currency.
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Exclusive-Japan’s currency diplomat Mimura urges markets to heed ‘very clear’ warning on yen
TOKYO, Sept 28 : Japan’s top currency diplomat Atsushi Mimura said on Monday markets should take at face value the “very clear” message Tokyo and Washington delivered last week on the yen, signalling his resolve to act against excessive falls in the currency.US President Donald Trump raised concerns about yen
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Why cash continues to thrive even as India’s digital payments grow
Digital payments are booming, yet cash remains deeply embedded in the economy in India, central bank data shows.
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Dollar gains as Middle East conflict lifts oil, Fed hike looms
NEW YORK, Sept 14 : The U.S. dollar rose across the board on Monday as conflict in the Middle East pushed up oil prices and sent investors towards the safe-haven currency, and as investors braced for the Federal Reserve’s first interest rate hike in more than two years.Warnings from leaders of the biggest AI
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JPMorgan to launch frontier market local currency debt index by month end, source says
LONDON, Sept 14 : JPMorgan is set to launch its long-awaited “frontier” market local currency government bond index by end-September, giving investors a new benchmark for nearly $330 billion of debt across some of the world’s fastest-growing economies.Coming 15 years after its hard-currency NEXGEM frontier in
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Yen climbs to seven-month high on hawkish BOJ bets
Sept 8 : The Japanese yen climbed to a near seven-month high on Tuesday, as growing expectations of a Bank of Japan rate hike next week sent bearish traders scurrying for cover, putting pressure on the dollar ahead of U.S. inflation data this week. The yen strengthened to as much as 152.89 per
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Japan’s top currency diplomat: on alert to currency moves
TOKYO, Sept 4 : Japan’s top currency diplomat, Atsushi Mimura, said on Friday he remained on alert to exchange-rate moves.”We remain in constant contact with U.S. authorities,” Mimura told reporters.The dollar fell to 155.305 yen after Mimura’s comments, as market participants remained on alert over th
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In Iran, spiraling health costs force people to delay care
A single chemotherapy session in Iran can cost six times the monthly minimum wage. As drug prices soar and medicine is in short supply, doctors say more patients are delaying or abandoning treatment.
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Dollar wobbles as Treasury’s bond-market buybacks raise fresh concerns
Aug 21 : The dollar slipped on Friday and was set to end a bumpy week lower, as investors questioned whether the U.S. Treasury’s efforts to calm the bond markets might end up undermining confidence in the currency.Those concerns pushed the euro up 0.13 per cent to $1.1694, on course for its fourth consecutive
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Analysis:Investors set sights on Swiss franc for popular carry trades after yen intervention
LONDON, Aug 19 : A weaker Swiss franc could be an unexpected consequence of recent rare U.S.-Japanese intervention to prop up the yen, bringing relief to companies and policymakers in Switzerland who have grappled with the strength of their local currency for years. The franc is still 12 per cent stronger aga
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