Category: Currency
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Analysis-Why China’s tolerance for a cheaper currency may be temporary By Reuters
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SHANGHAI (Reuters) – Currency markets are reading subtle signals from Chinese authorities as an indication that they are slowly pushing the yuan lower to restore export competitiveness, but analysts say the yuan’s prolonged weakness is neither the goal nor what is desired. The biggest signal of tolerance for yuan weakness…
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The Curious Case of Chile and the Central Bank Digital Currency
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In the ever-shifting sands of global finance, a strange development has emerged from the South American nation of Chile. Banco Central de Chile, the country’s central bank, Recently published a report on central bank digital currencies – an emerging technology that has the potential to reshape the way money flows.…
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Over 20% Of Swing State Voters Weigh Digital Currency Policies Heavily
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As the political temperature rises in the United States ahead of the upcoming elections, cryptocurrencies are emerging as an important topic among voters in key contested states. Extensive online reconnaissance This campaign, led by the Digital Currency Group (DCG), has highlighted the growing importance of cryptocurrency politics in the electoral…
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Dollar’s status as reserve currency to endure
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Investing.com – A move by US authorities to seize Russian assets could add to recent efforts to diversify away from the dollar, but the dollar is likely to remain the global reserve currency for the foreseeable future, according to Wells Fargo. Is the dollar’s role as a reserve currency in…
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Japan warns of action over rapid currency moves By Reuters
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Written by Satoshi Sugiyama and Laika Kihara TOKYO (Reuters) – Japan may have to take action against any disorderly foreign exchange movements due to speculation, the Japanese government’s top currency diplomat Masato Kanda said on Tuesday, strengthening Tokyo’s readiness to intervene again to support the fragile yen. In a sign…
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Weekend – “Yellen counsels caution on currency intervention after surge in yen”
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US Treasury Secretary Yellen spoke over the weekend He added: “I will not comment on whether they intervened or not. I think this is just a rumour.” He said that the yen “moved slightly over a relatively short period of time.” “We expect that these interventions will be rare and…
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Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY support
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Japanese Finance Minister Suzuki speaks over the wire saying: Forex levels should reflect economic fundamentals If currency movements are excessive, we may need to smooth them It is desirable for the foreign exchange market to move steadily, noting that currency market fluctuations are undesirable Rapid currency movements are undesirable because…
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Bitcoin Is The Native Currency Of AI: Predicts Former PayPal President
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In recent years, Bitcoin has emerged as a transformative force in the finance and technology sectors. Its decentralized nature and potential for disruption have captured the attention of industry leaders, investors, and enthusiasts alike, including David Marcus, former head of PayPal. Marcus believes that Bitcoin can develop into the native…