Sunday, December 15, 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 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...
The numbers just don’t add up in the first state-backed cryptocurrency offering. Venezuela launched El Petro amid a blaze of publicity with President Nicolas Maduro claiming that the venture raised $5 billion for the cash-strapped economy that has seen inflation rage like a wild fire for the past five years. Mismanagement...
They said it wouldn’t happen, but now economic analysts say there is a currency war in progress. The issue is that Japan has begun to devalue the yen in a bid to make exports cheaper, which in turn will help boost its flagging economy and boost its GDP. Though like most...
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...
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...
The cryptocurrency gravy chain that saw so many investors make huge profits from soaring investment values seems to have hit the buffers. All the major cryptocurrencies other than Ethereum are trading down and have a market value that is at least a huge 50% below the highs of only a...
Expat shoppers are cashing in on the slump in the pound by buying their favourite groceries and clothes online from British web sites. Online retailers have seen a massive spike in sales as the result of the plunging pound. One major clothing retailer, ASOS, saw their web site crash. The official reason...
Momentum is building ahead of India’s next general elections taking place next month; and has the potential to fuel the rupee’s appreciation to highs not reached since 2008. Elections begin on the 7th of April, with the results due to be announced on the 16th of May. The possibility of victory...
Last Tuesday, China’s biggest bank issued its first offshore bond in London, cementing the UK’s ambition to be Europe’s dominant trading hub for the renminbi. Totaling Rmb 2 billion (USD 328m), the bond was issued by the world’s largest bank in terms of market capitalisation – the Industrial and Commercial...
After a tumultuous 2013, hedge funds are showing renewed confidence that their currency bets are about to pay off. 2013 was a tough year for currency traders – a statement which includes a disappointing year for the American dollar. Overall, Hedge Fund Research suggests the average of the macro currency fund...
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...
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...
The Indian rupee has reached a record low this past week at 68.825 rupees to the US dollar. This is a difficult situation for India, particularly because of the increasing inflation that is sweeping the nation. The government have been taking measures to control the situation to the best of...
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...
A money transfer firm has beaten a challenge to build a  cheaper foreign currency exchange system for a leading bank. Money mover CEO Hamish Anderson was asked to build an online dashboard for NatWest Bank based on the firm's innovative cash transfer system. After months of planning, the dashboard went live...