Analysis: Argentina’s flow of trade dollars clogged by devaluation fears

© Reuters. FILE PHOTO: Argentine one hundred peso bills sit underneath United States one hundred dollar bill in this picture illustration By Eliana Raszewski BUENOS AIRES (Reuters) – In Monserrat Casanovas’ small grocery store in downtown Buenos Aires, a hand-written sign reads “sale of imported drinks suspended,” highlighting the devaluation fears that are jamming up […]

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Taiwan central bank urges traders to show restraint selling dollars

© Reuters. Staff member stands beside the Taiwanese Central Bank logo in Taipei TAIPEI (Reuters) – Taiwan’s central bank on Sunday said it was urging foreign exchange traders to exercise restraint when it came to selling U.S. dollars and not sell large amounts in one go, as it tries to control the soaring value of […]

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Euro Revives Global Challenge for the Dollar’s Currency Crown

© Reuters. Euro Revives Global Challenge for the Dollar’s Currency Crown (Bloomberg) — Europe’s resurgent common currency is looking powerful enough to get people talking about ‘King Euro’. The currency has rallied more than 10% since virus turmoil shook global markets in March, buoyed by the European Union’s policy response to the crisis and as rock-bottom […]

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Dollar’s Dance With Bulls Unlikely to Last as Negative Forces Remain

© Reuters. By Yasin Ebrahim  Investing.com –The U.S. dollar rose on Monday, looking to get the new month off on a solid footing, but optimism on Wall Street for a prolonged recovery appears unlikely as analysts warn dark days will return. The , which measures the greenback’s strength against a trade-weighted basket of six major […]

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The Dollar’s Leading Rivals All Have Their Own Drawbacks

© Reuters. The Dollar’s Leading Rivals All Have Their Own Drawbacks (Bloomberg Markets) — The dollar’s rise to become the dominant currency started after World War I, but it was only definitively confirmed by the Bretton Woods accord reached in 1944. President Trump has accelerated America’s turn away from some of the post-World War II […]

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Lebanese central bank to inject dollars to stop pound’s slide

2/2 © Reuters. Lebanon’s President Michel Aoun meets with Lebanese political leaders to present the plan aimed at steering the country out of a financial crisis, at the presidential palace in Baabda 2/2 By Eric Knecht and Tom Perry BEIRUT (Reuters) – Lebanon’s central bank will begin injecting dollars into the market on Monday, President […]

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Japanese traders gird for Fed to anchor yields, clip dollar’s wings

2/2 © Reuters. FILE PHOTO: The Federal Reserve on Mayday in Washington 2/2 By Stanley White TOKYO (Reuters) – Japanese investors have clipped the wings of a resurgent U.S. dollar as they position for the likelihood that the U.S. Federal Reserve will take steps to flatten the Treasury yield curve. Ahead of the Fed’s two-day […]

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Argentine peso risk rises as crises spark black market rush for dollars

© Reuters. FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s peso is in increasingly treacherous waters, with twin economic and debt crises at home driving a huge gap between the official rate kept almost static by capital controls and the tumbling black […]

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