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.

A big headache for expats is how to switch their money between different countries without paying sky-high fees and losing our on exchange rates. Millions of expats remit their money from where they are living and working to another and see middlemen shave off fees and charges for what should...
Sterling is giving many other world currencies a pounding, so investors need to look at how a strengthening British country affects their stakes in economies with weaker or more volatile currencies. Although the value of the Pound has shrunk in recent years against the dominant US dollar – from around...
Mortgage borrowing has just become that much harder for expats as new European mortgage rules mean many hopeful buyers could find they are locked out of the market next year. Workers with foreign income looking to borrow to fund buying a home overseas will have to negotiate the tough terms...
Russian president Vladimir Putin has scoffed at international claims that his country’s economy is in trouble and that rouble is in decline. In a telephone call-in programme on Russian TV, he told viewers that Russia’s economy was performing well and that the rouble was standing strong against foreign currencies. Nevertheless, the...
Currency exchange rate fluctuations are likely to bolster the global economy as countries start to see their growth paths diverge, says the International Monetary Fund. The IMF expects countries with weaker currencies improve their growth as exports become cheaper and more attractive to foreign buyers, boosting sales for manufacturers and...
Another round of extreme currency and bond volatility is on the horizon as the US Federal Reserve considers putting up interest rates. The United States has had a rate of just over 0% since the closing months of 2008, but the latest minutes of the Fed’s last rate-setting meeting show...
A blog by the Greek finance minister has revealed the gulf that lies between that has split the Eurozone and may yet lead to the Athens government defaulting on a bail-out deal. Yanis Varoufakis argues that the 240 billion euro bail-out was due to reckless banks and financial institutions doling...
All eyes are on the Chinese yuan as Asia Pacific central banks tinker with interest rates to try to spur economic growth. Banks are cutting rates around the region in a bid to spur flagging growth and slow down inflation, but all their plans could come to nothing if China...
If you like your economics in bite-size chunks, the new Big Mac currency index has been served up by The Economist magazine. The index was started in 1986 as a humorous way of looking at foreign currency exchange rates. Nearly two decades later, the index is included in economics text books...
Panic in the foreign exchange markets followed the sudden decoupling of the Swiss France from the Euro. Hedge funds, forex speculators and stock markets all suffered as a result of the measure. English Premier League football club West Ham shirt sponsors Alpari, a retail currency exchange, announced going into insolvency after...
Currency experts believe the sudden closure of a leading British Bitcoin exchange is the beginning of the end for the virtual currency. Beset by scandal and fraud, Bitcoin has struggled to lead the way as the world’s first major online currency. The strengths appear to be the very weaknesses pulling the...
Governments are turning their tax avoidance big guns on virtual currencies in a bid to track down one of the last international bastion’s financial secrecy. Virtual currency exchanges are likely to be the next target for authorities is searching out hidden cash and assets as many hardcore tax evaders are...
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...
The Bank of England is warning that virtual currencies could pose a serious threat to financial stability if their growing popularity leads to a mainstream take-up in Britain. As a result, the bank is urging regulators and the government to develop policies for managing the currencies, such as Bitcoin. The view...
Russian’s central bankers hiked interest rates more than expected to a surprise 9.5% as economic sanctions begin to bite on the rouble. The interest rate was raised 1.5% from 8% in a bid to stem the tide of the falling rouble against the US dollar. In the past few days, the...