Tuesday, January 21, 2020
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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.

Now the rupee has broken the landmark barrier of 60 to the dollar, experts are left wondering whether it will fall to 65 to 70 or more. Many are now questioning how long it will continue to fall, and what the effects will be on India’s economy. Opportunity in calamity Whilst there...
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...
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...
Citigroup and HSBC are the latest international banking giants to suspend foreign exchange traders as the probe into the potential rigging of global currency deals deepens. US regulators arrived in the UK this week to begin a joint investigation with the Financial Conduct Authority (FCA); Britain's financial watchdog. The US regulators...
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...
It’s definitely a man’s world when it comes to pocketing cash as women wait 20 years longer to earn their first £1 million, according to a new survey. The average British worker earns a £1 million by the time they are 57 years old, says research by financial firm Prudential. A...
Due to the need for an independent Scottish currency, Vince Cable has insisted the Royal Bank of Scotland (RBS) would “inevitably” move to London in the event of an independent Scotland. Scotland is holding a referendum in September this year to decide whether to end its 307-year union with England. Currently,...
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...
There’s a new quid on the block today as the old pound coin bows out in favour of a sleeker, shinier version. The old pound coin was introduced in 1983 when a loaf of bread cost 38p and a kilo of Cheddar cheese weighed in at £2.55. Today, the bread costs...
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...
Bitcoin is slowly slithering down in value after reaching a record high of almost $20,000 a year ago. The markets have wiped another 3.5% of the leading cryptocurrency’s value, sending the price down to $3,360 and it would take a brave investor to put money on where Bitcoin is likely...
The cryptocurrency market has lost $640 billion after peaking in January - and the fall is led by the second largest digital coin, ether. Ether has plunged to a 12-month low of $172.48 from a high of $1,359.48 on January 13. The collapse started over the weekend when the US Securities...
Cryptojacking has increased by more than 450% this year and shows no sign of slowing down, according to new research. Cryptojacking is when a remote computer illicitly takes control of a device and harnesses the processor power to mine cryptocurrency. The Cyber Threat Alliance (CTA) says detections of malware have increased...
A US Senate committee hearing regarding the online currency bitcoin has been told it is a "legitimate financial service" as its value soars to over USD 900. The Homeland Security and Governmental Affairs Committee has been informed the virtual currency experiences the same benefits and pitfalls as the multiple other...
Poor security and the proliferation of devices on the internet of things has opened a new source of victims for cryptojackers. Improving technology means devices such as routers and TV sticks are targets for the crooks illicitly mining cryptocurrencies. Cryptojacking is fast taking over as the malware crime of choice, says...