Saturday, January 19, 2019
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Currency

The world’s money markets can change within minutes – and new developments are taking place every second.
To keep you up to speed, our currency writers provide you with the latest news on the international and FOREX markets, foreign exchanges, currency exchange rates, and other relevant financial matters.
We also provide commentary and groundbreaking analysis so you have a broad understanding of the developments shaping economies.
Whether you require the latest currency news as a trader, are thinking of widening your investment portfolio, or would simply like to keep abreast of the latest exchange rate developments, we deliver.

The Australian Dollar may be riding high for now, but a reality check is on the way and the price is expected to fall against the US Dollar by the end of the year. BNP Paribas global head of FX Steven Saywell predicts the Aussie dollar will drop from the...
A landmark court ruling has sorted out some of the issues for trading the virtual currency Bitcoin. The Court of Justice of the European Union (CJEU) has ruled the supply of Bitcoin is exempt from VAT, but any service involved in the transaction, like the cost of trading is not. The...
As currencies fluctuate in value almost hourly, expats would be forgiven for worrying about the impact the volatile markets are having on their cash – especially if they are in retirement and living on limited savings. Now, one expert says that with some planning, expats can safeguard themselves from currency...
Germany has softened its resistance to measures over the handling of failing lenders and the creation of a single banking framework to cover the European Union ahead of an imminent deal. The race has been on for Finance Ministers to break a deadlock on the handling of Europe’s bank failures...
So the Islamic State wants to start minting coins to escape the tyrannical yoke of foreign countries that control economies with the flow of paper money. The Islamic State caliph Abu Bakr al-Baghdadi regards a national currency to underpin the foundations of a wider Islamic empire that harks back to...
Expats in Europe and the US are at the mercy of foreign currency exchange markets even though those paid from pensions or savings in the UK have had their spending power boosted over the past year or so. The Pound is up more than 9% against the euro and 15%...
As the benchmark inflation rate has grown over estimates many of India’s stocks on the S&P BSE Sensex have declined. For every two stocks which gained on the Sensex, three fell. Overall, the index lost 0.2% – falling to 20,680.65 at noon on the 16th of December. The country’s wholesale inflation was...
Moves are afoot by governments around the world to declare the controversial virtual currency Bitcoin as an investment rather than money. The shift in focus would leave Bitcoin traders open to paying tax on any capital gains made from profits in buying and selling. HM Revenue & Customs (HMRC) has put...
Bitcoin flirted with a $20,000 valuation before falling to $18,500 at the close of the first day of trading futures on the massive Chicago Mercantile Exchange. The day marked another step towards acceptance as a mainstream investment in this year’s phenomenal rags to riches story of the cryptocurrency as the...
Expats around the world are wondering why their local currencies are weakening against the pound and dollar despite benefitting from strong local economies. In a topsy-turvy world, economic growth and interest rates are stronger in many expat destinations outside Europe, but the spending value against the pound and dollar is...
Transferring money from Britain to Thailand often leaves a sour taste because most people think the bank or exchange bureau has conned them. The companies are in foreign exchange quite literally for the money. They know that anyone who wants to send money between countries and currencies has to use a...
The value of virtual currency Bitcoin is bouncing around trying to find a new level after hitting a new high. Over the past two weeks, the currency exchange rate climbed a massive 40% to hit a new peak of $1,140. Then, the value fell away spectacularly by a fifth in just...
Bitcoin hackers stole £3.2 million of the virtual currency by accessing secure servers through an unprotected personal computer in an online attack on leading exchange Bitstamp, according to a leaked report. The report allegedly drafted by Bitstamp investigators pinpointed a personal laptop linked to the exchange computer network as a...
Health and happiness is more important than wealth to people in retirement, according to Pensions minister Steve Webb. That’s why the government is proposing to change pension rules to give retirement savers easier access to their cash. In a major change of sentiment, the government reckons if people want to spend...
With around six weeks left until Latvia becomes the 18 country to join the European Union (EU), support for adopting the euro wanes in the Baltic state amid the stresses of unemployment and Russia’s influence. The SKDS survey, released on Wednesday, polled 1,000 Latvians on their attitude towards adopting the...