dollar

More than 10m workers paid £21.8bn in UK government coronavirus support – as it happened

More than 10m workers paid £21.8bn in UK government coronavirus support – as it happened

Live coverage of business, economics and financial markets€750bn EU recovery fund plannedChristine Lagarde says eurozone GDP to shrink by between 8% and 12%BlackRock to vote against ExxonMobil on
More than 10m workers paid £21.8bn in UK government coronavirus support – business live

More than 10m workers paid £21.8bn in UK government coronavirus support – business live

Live coverage of business, economics and financial marketsFTSE 100 gains as European shares rise€750bn EU recovery fund plannedChristine Lagarde says eurozone GDP to shrink by between 8% and
German economy in recession as coronavirus hits – as it happened

German economy in recession as coronavirus hits – as it happened

Rolling live coverage of business, economics and financial markets as data show the economic toll from the pandemic Record fall in US retail sales amid coronavirus lockdownGerman economy shrinks by

Bitcoin Garners New Users as Governments Flood World With Fiat

Thousands of new users are turning to bitcoin, according to Kraken and other exchanges, over fears that government stimulus will lead to inflation.
Debenhams prepares to bring in administrators as Covid-19 hits – as it happened

Debenhams prepares to bring in administrators as Covid-19 hits – as it happened

Rolling coverage of business, economics and markets as stock markets gain on hopes coronavirus lockdowns are slowing disease’s spread Debenhams files notice of intent to appoint administrators

Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin

Demand for gold is skyrocketing and the clamor for scarce assets in a remote-first world was precisely where bitcoin was supposed to shine. But it's complicated.
The market doesn’t need a rate cut—it needs Trump to take coronavirus more seriously

The market doesn’t need a rate cut—it needs Trump to take coronavirus more seriously

Rate cuts won't fix public confidence or the real problems in the economy.
European stocks hit record high despite coronavirus outbreak – as it happened

European stocks hit record high despite coronavirus outbreak – as it happened

Rolling coverage of economics, markets and business as Chinese tariff cuts on US goods help to stimulate markets to record highs Chinese tariffs on 1,700 US imports halved amid virus response Royal
The Greenback Needs a Digital Makeover

The Greenback Needs a Digital Makeover

To preserve the dollar’s status as the world’s reserve currency, the United States can’t let China get ahead on cryptocurrency.

A Solution to “Triffin’s Dilemma?”

This post A Solution to “Triffin’s Dilemma?” appeared first on Daily Reckoning. Does the “shadow banking system” offer a way out of Triffin’s dilemma?... The post A Solution to “Triffin’s Dilemma?”

The Truth About the Dollar

This post The Truth About the Dollar appeared first on Daily Reckoning. During my most recent trip to Italy, I was once again reminded of the impact that exchange rates have on U.S. investments
Trump's weaponisation of the dollar could threaten its dominance | Jeffrey Frankel

Trump's weaponisation of the dollar could threaten its dominance | Jeffrey Frankel

Descriptions of exchange-rate policies have become increasingly militaristicThe language of international monetary policy has turned militaristic. The phrase “currency war” has been popular for a
Pound surges as hopes of Brexit deal rise

Pound surges as hopes of Brexit deal rise

Sharpest rise in sterling’s value since EU referendum follows Boris Johnson-Leo Varadkar meetingThe pound had its biggest two-day rally against the dollar since the Brexit vote as hopes rose that a
Pound falls on back of general election speculation

Pound falls on back of general election speculation

Sterling tumbles by almost a cent against the US dollar and falls by about 0.7% on the euroThe pound fell to the lowest level in three weeks amid mounting speculation that a general election is

UK Central Bank Chief Sees Digital Currency Displacing US Dollar as Global Reserve

BOE governor Mark Carney called on Friday for the creation of a wholly digital alternative to the U.S. dollar.
We did it! America nearing trillion-dollar deficit this year, should run trillion-dollar deficit next year too

We did it! America nearing trillion-dollar deficit this year, should run trillion-dollar deficit next year too

Decline. The post We did it! America nearing trillion-dollar deficit this year, should run trillion-dollar deficit next year too appeared first on Hot Air.
Trump adds a dismal dimension to the US-China trade dispute | Jeffrey Frankel

Trump adds a dismal dimension to the US-China trade dispute | Jeffrey Frankel

President asserts that the recent depreciation of the yuan amounts to currency manipulation. Not trueThe trade war between the US and China is heating up again, with the US president, Donald Trump,
Trump adds a dismal dimension to the US-China trade dispute | Jeffrey Frankel

Trump adds a dismal dimension to the US-China trade dispute | Jeffrey Frankel

President asserts that the recent depreciation of the yuan amounts to currency manipulation. Not trueThe trade war between the US and China is heating up again, with the US president, Donald Trump,
Chinese officials take solace in poetry after the yuan hits 11-year low

Chinese officials take solace in poetry after the yuan hits 11-year low

The Chinese currency yesterday fell to its lowest point since 2008.
The Global Economy Lives in Wonderland Now

The Global Economy Lives in Wonderland Now

Central banks have gone fully through the looking glass, and it’s time that everyone else followed.