dollar Archives - Rvpg media

White House’s Deese says strong dollar reflects strength of U.S. economy

WASHINGTON, Sept 27 (Reuters) – Now more than ever, the strength of the U.S. dollar reflects the relative strength of the U.S. economy, White House economic adviser Brian Deese told reporters on Tuesday. “In a highly uncertain global environment … what we’re seeing is reinforcing the unique position of strength that the United States economy … Read more

The dollar is surging. This is who gets helped – and hurt – by its newfound strength

As the Federal Reserve has raised interest rates to fight high inflation, the U.S. dollar has strengthened significantly. Matt Cardy / Getty Images Updated September 27, 2022 at 9:26 AM ET The value of the U.S. dollar is surging at a moment when there are few clear bright spots in the American economy. It’s now … Read more

South African rand firms as dollar takes a breather

JOHANNESBURG, Sept 27 (Reuters) – South Africa’s rand firmed on Tuesday after slumping to a 28-month low a day earlier as the U.S. dollar took a pause amid some appetite for riskier assets. At 1608 GMT, the rand traded at 17.9900 against the dollar, 0.48% stronger than its previous close. It had hit a low … Read more

Bitcoin price loses $20K as trader warns US dollar ‘not quite topped out’

Bitcoin (BTC) crossed under $20,000 after the Sep. 27 Wall Street open as United States equities inched higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. dollar has room to run — trader Data from Cointelegraph Markets Pro and TradingView confirmed the $20,000 mark barely remaining as tentative support on the day. BTC/USD had managed … Read more

How other countries are dealing with currency crashes against the dollar, from Argentina to South Korea

The UK is not the only country whose currency is being put through the ringer at the moment in the face of a cost of living crisis affecting the globe and a soaring US dollar. Many countries are feeling the effects of Washington’s bold monetary moves, with much global debt and imports, including of energy, … Read more

Bitcoin, British Pound trading volume soars 1150% as UK’s currency risks dollar parity

Bitcoin (BTC) will see increased interest from the United Kingdom “very quickly” as fiat currency volatility makes BTC look like a stablecoin. That was the conclusion from Gabor Gurbacs, strategy advisor at investment giant VanEck, one of many flagging Bitcoin’s appeal over the pound this week. UK becomes fertile ground for Bitcoin “orange pill” As … Read more

Saudi wealth fund mandates banks for debut dollar green bond

Riyadh: Saudi Arabia’s sovereign wealth fund has mandated banks for a debut dollar green bond sale, according to people with knowledge of the matter. The PIF, as the fund is known, is selling its debut green bond as Saudi Arabia – one of the world’s largest oil exporters – is looking to increase the role … Read more

Indian Rupee Is Holding Out Really Well Against The Dollar, Says Fm Nirmala Sitharaman

Finance Minister Nirmala Sitharaman at the Network18 Exclusive Townhall said that the Indian rupee is holding out really well. “The rate of fall of other currencies to the dollar has been sharply higher than the rupee. We are much better than many countries where the currency has fallen pathetically against the dollar,” she said. Sitharaman … Read more