exchange rate

In Land of Wild, Corrupt Politics, the Economy Hums Right Along

In Land of Wild, Corrupt Politics, the Economy Hums Right Along

Expectations for the congress Peru elected this week are understandably modest.
Brexit Won’t Solve Boris Johnson’s Europe Problem

Brexit Won’t Solve Boris Johnson’s Europe Problem

The Prime Minister may still struggle to move on from the Tory civil war over Europe that cost his predecessors their jobs.
After EU Snub, North Macedonia and Albania Stumped by ECB Challenge

After EU Snub, North Macedonia and Albania Stumped by ECB Challenge

The European Union’s snub of two enlargement candidates on the bloc’s southern flank triggered political tremors last year.
Venezuela Considers Tax on U.S. Dollar Sales to Boost State Coffers

Venezuela Considers Tax on U.S. Dollar Sales to Boost State Coffers

Venezuela is considering to impose a tax on the growing number of sales being conducted in U.S. dollars to boost government revenue at a time when foreign reserves are at a 30-year low.
‘Semi-Truce’ Trade Deal Roils Markets From Stocks to Soybeans

‘Semi-Truce’ Trade Deal Roils Markets From Stocks to Soybeans

The U.S. and China signed a partial trade deal that confirms a cease-fire in the spat that has roiled financial markets for three years.
Venezuela’s Maduro Vows to Revive Petro Coin in His Annual Address

Venezuela’s Maduro Vows to Revive Petro Coin in His Annual Address

President Nicolas Maduro pledged to revive Venezuela’s failed cryptocurrency for everything from oil sales to passport fees in his state of the union address to the Constituent Assembly on Tuesday.
Zimbabwe Government Workers Reject 97% Pay Increase Offer

Zimbabwe Government Workers Reject 97% Pay Increase Offer

Labor unions representing government workers in Zimbabwe on Monday rejected an offer of a 97% pay rise and demanded that increases be linked to the official U.S. dollar exchange rate to offset
Venezuela’s Maduro Starts Year With a 67% Minimum Wage Hike

Venezuela’s Maduro Starts Year With a 67% Minimum Wage Hike

President Nicolas Maduro ordered a 67% increase in Venezuela’s monthly minimum wage, the first this year and the eleventh in the past 24 months.
Lebanon’s President To Hold Talks on New PM This Week

Lebanon’s President To Hold Talks on New PM This Week

Parliamentary consultations to name a new Lebanese prime minister are expected to begin Thursday, with caretaker premier Saad Hariri saying he won’t take on the job permanently amid nationwide unrest.
Brazil Intervenes to Prop Up Real After It Sinks to Record Low

Brazil Intervenes to Prop Up Real After It Sinks to Record Low

Brazil’s central bank stepped into the foreign exchange market Tuesday, selling dollars for the first time in three months to prop up the real after it slumped to a record low.

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
How Long Will It Take Hong Kong to Bounce Back From Recession?

How Long Will It Take Hong Kong to Bounce Back From Recession?

The Hong Kong government will release data Thursday underscoring what retailers, hoteliers and residents know all too well -- that the economy has slipped into recession amid nearly five months of
The Always Exhilarating, Sometimes Lucrative Lives of Brexit Currency Traders

The Always Exhilarating, Sometimes Lucrative Lives of Brexit Currency Traders

Riding along with two FX traders as they bet on a slow-motion car wreck.
PBOC Governor Yi Says Yuan Level ‘Appropriate’ After Weakening

PBOC Governor Yi Says Yuan Level ‘Appropriate’ After Weakening

People’s Bank of China Governor Yi Gang said the yuan is at an “appropriate level” and cross-border capital flows have stayed balanced since the currency weakened past 7 per dollar in early August.
A Swiss Bank Keeps Cropping Up in Venezuelan Corruption Cases

A Swiss Bank Keeps Cropping Up in Venezuelan Corruption Cases

CBH “is the go-to bank for Venezuelans to hide money,” a former prosecutor says.
South African Ruling Party Shies Away From Endorsing Asset Sales

South African Ruling Party Shies Away From Endorsing Asset Sales

South Africa’s ruling party approved a range of proposals to revive economic growth, but stopped short of endorsing Finance Minister Tito Mboweni’s controversial plan to sell some state assets.
U.S. Labels China a Currency Manipulator, Escalating Trade War

U.S. Labels China a Currency Manipulator, Escalating Trade War

The Trump administration formally labeled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new
China Warming to Idea of Yuan as Trade War Weapon, Analysts Say

China Warming to Idea of Yuan as Trade War Weapon, Analysts Say

Analysts say the yuan’s sudden slump is a sign China’s central bank will allow more depreciation after the U.S. vowed to hit the country’s products with new tariffs.
Zimbabwe Reaches ‘Tipping Point’ as Inflation Blacked Out

Zimbabwe Reaches ‘Tipping Point’ as Inflation Blacked Out

Zimbabwe’s finance minister responded to the country’s worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little power that’s