Browsing: Currency

Japan is concerned about negative effects of the weak yen, finance minister Shunichi Suzuki said on Friday, in a fresh warning to speculators as the currency fell further after the central bank’s widely expected decision to hold rates steady.

Argentinian President Javier Milei’s controversial “shock therapy” has bolstered the country’s currency in a key foreign-exchange market, performing at levels unmatched across the globe, according to Bloomberg.

Such borrowing risks undermining the economy by expanding the money supply, fuelling inflation and causing the exchange rate to weaken against foreign currencies, economists say

LONDON – Global shares rose on Tuesday, driven by a recovery on Wall Street, where investor focus is pinned on earnings reports from the U.S. megacaps, while the yen hit a new 34-year low against the dollar, prompting a warning from Japanese officials.

Three-month copper on the London Metal Exchange was 0.8% higher at $9,547 per metric ton as of 1158 GMT, reversing Tuesday declines caused by slower-than-expected China’s industrial output growth

Spot gold rose 0.2% to $2,388.56 per ounce, as of 1138 GMT, nearing its all-time high of $2,431.29. U.S. gold futures fell 0.1% to $2,404.90

MOSCOW, April 10. /TASS/. The Bank of Russia set the official dollar exchange rate for April 11, 2024 at 93.2198 rubles, which is 47 kopecks higher than the previous figure.

RIYADH: China’s long-term foreign currency issuer default rating has been revised to negative from stable by Fitch Ratings, citing increased uncertainty regarding its economic growth. 

The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday.

SINGAPORE – The dollar was firm but sluggish in Asian trading on Monday as investors looked ahead to U.S. inflation data after the big payrolls number last week, and as Treasury yields reached for December highs.