Forex markets
The Japanese yen’s plunge is the most ‘textbook-driven’ currency shift in 30 many years, analyst says
The worst is not over for the Japanese yen — it could plummet even even further in the coming months, according to Jesper Koll, director of economical providers company Monex Group. “I imagine the parabolic overshoot is nonetheless on monitor, so I expect we’re going to see 150, 160 at some stage around the next […]
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Weak international marketplaces might serve as an ominous warning for U.S. shares
Some foreign stock marketplaces glance technically fragile — from the position of see of chartwatchers — and that could be a in the vicinity of-expression warning for U.S. equities and danger appetites in standard. Global belongings have been keying off of central lender steps, with the Federal Reserve the major driver. Fascination costs have been […]
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U.S. tourists are getting bigger bargains in much of Europe amid favorable euro-dollar exchange level
Mathieu Youthful/Getty Images Us residents traveling to Europe can do so a little bit much more cheaply these times than in modern decades. The U.S. greenback is trading at its optimum stage in around two many years relative to the euro — this means tourists can obtain a lot more overseas. That indicates Individuals are […]
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Euro slides under $.99 following Russia halts gasoline materials to Europe
10 and 5 euro notes. Adrien Fillon | Nurphoto | Getty Pictures The euro has fallen under $.99 for the to start with time in 20 yrs following Russia stated it would shut off its principal fuel supply pipeline to Europe indefinitely. At 7.30 a.m. London time Monday, the euro was buying and selling at .9898 as […]
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Turkey’s skyrocketing inflation is flashing warning alerts for Gulf financial institutions
Normal watch of Emirates NBD Bank on January 3, 2017 in Dubai, United Arab Emirates. Tom Dulat | Getty Images DUBAI, United Arab Emirates — Banks with exposure to Turkey have confronted losses ever considering that the country’s forex commenced steeply depreciating in 2018 now, creditors in several oil-abundant Gulf states in unique are established to […]
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Sterling suffered its worst thirty day period due to the fact Brexit, and analysts count on it to ‘plumb new depths’
The British pound endured its worst month given that the aftermath of the Brexit referendum, and analysts anticipate sterling to tumble even more as a “slowing economic system and political paralysis” grip the U.K. Luke MacGregor | Bloomberg | Getty Pictures LONDON — Sterling in August experienced its sharpest regular tumble in opposition to the […]
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India’s currency is under pressure — and analysts say the rupee could test new lows
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a perfect storm of global headwinds which analysts say will continue to pummel the currency in the months ahead. In recent […]
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Travelers should act now to capitalize on a strong dollar for trips abroad, says travel editor: ‘Don’t be too greedy’
Glowimages | Glowimages | Getty Images It’s a good time to be an American traveling abroad. The value of the U.S. dollar has been at its strongest in years relative to many major global currencies of late— meaning travelers can buy more overseas than in the recent past. Put another way, Americans are effectively getting […]
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Euro continues to slide toward dollar parity — and could fall even further
A financial trader monitors data as a television shows euro currency banknotes at the Frankfurt Stock Exchange in Germany. Martin Leissl | Bloomberg | Getty Images The euro dropped below $1.02 this week, continuing its slide to new 20-year lows and potential parity with the U.S. dollar. The euro traded as low as $1.0165 on […]
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Euro slides to 20-year low against the dollar as recession fears build
A euro currency symbol sits on display in the visitor centre at the European Central Bank (ECB) building in Frankfurt, Germany. Alex Kraus | Bloomberg | Getty Images The euro fell to its lowest level in two decades on Tuesday, sliding over 1% to hit $1.0305. It comes as fears of a recession in the […]
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