Currencies Archives - Rvpg media

The world’s economy is so bad this week that Bitcoin is outperforming major currencies

As currencies including the British pound and Chinese yuan tumble, Bitcoin has bucked the trend, growing 6.3% over the past seven days and flirting with $20,000. Macro conditions, including rising inflation and fiscal uncertainty, have battered global markets. Even though Bitcoin has largely conformed financial swings, its strong performance over the past week has shocked … Read more

Soaring US dollar sends Asian currencies reeling – but not Singapore’s, Money News

Markets across Asia were left reeling after the US Federal Reserve on Tuesday (Sept 20)  announced another sharp 75 basis point increase to its key rate, further fuelling the rise of the US dollar against regional currencies as the world’s largest economy tries to rein in runaway inflation – even at the risk of triggering … Read more

nirmala sitharaman: Rupee still doing well compared to other currencies, says FM Nirmala Sitharaman

The Indian rupee has held back very well against the US dollar compared to other currencies, Finance minister Nirmala Sitharaman said on Saturday. “If any one currency which has held its own and did not get into fluctuation or volatility as much as other currencies it is the Indian rupee. We have held back very … Read more

Rupee held back very well against US dollar compared to other currencies: FM

Union finance minister Nirmala Sitharaman on Saturday said the Indian rupee has “held back very well” against the US dollar in comparison to other currencies. Her statement comes even as the Indian currency hit a record low against the US dollar. {{^userSubscribed}} {{/userSubscribed}} “If any one currency which has held its own and did not … Read more

Rupee has held up very well against U.S. dollar compared to other currencies: Finance Minister

Nirmala Sitharaman says the RBI and the Finance Ministry are keeping a very close watch on the situation Nirmala Sitharaman says the RBI and the Finance Ministry are keeping a very close watch on the situation Finance Minister Nirmala Sitharaman on Saturday said the rupee has “held back very well” against the United States dollar … Read more

It’s every nation for itself as dollar batters global currencies

Nations are being forced to go it alone in erecting defenses against the relentless strength of the almighty greenback, with no sign that governments are willing to act in concert. Fueled by hawkish Federal Reserve policy, US economic strength and investors in search of a haven from market swoons, the greenback is surging relentlessly against … Read more

Japan CPI inflation, China loan prime rate, currencies

Tech, casino stocks in Hong Kong buoy broader index Australia’s central bank says the argument for slower rate hikes strengthening The Reserve Bank of Australia (RBA)’s board members “saw the case for a slower pace of increase in interest rates as becoming stronger,” according to minutes from its Sept. 6 meeting, where it raised its … Read more

Depleting reserves spell risks for emerging Asian currencies

Emerging Asian central banks have seen a sharp depletion in their foreign-exchange reserves, stoking concerns it may crimp market interventions to curb currency losses in the face of the mighty dollar. A closely-watched measure of reserves cover — the number of months of imports a country can finance with its foreign-exchange holdings — has dropped … Read more

Indian rupee showed more resilience than other currencies in recent years: Goyal

The Indian rupee was trading at ₹79.67 to a U.S. dollar in early trade on Monday The Indian rupee was trading at ₹79.67 to a U.S. dollar in early trade on Monday Indian rupee has shown more resilience than most of the other currencies in recent years and the compounded average growth rate of depreciation … Read more