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News

US Dollar Approaches 14-Year Peaks After Indications of Fed Rate Hikes
 

US Dollar Approaches 14-Year Peaks After Indications of Fed Rate Hikes

The US Dollar is all set to finish 2016 in a big way, surging ahead this week to approach 14-year highs against a basket of currencies including the euro. The big gains have come in anticipation of increased rate hikes by the U.S. Federal [...]
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The US Dollar Slows Down, Approaching 14-Year Peak
 

The US Dollar Slows Down, Approaching 14-Year Peak

The US Dollar has slowed down its steady climb as it nears its 14-year peak against a basket of leading currencies. Interest in the currency seems to have flagged slightly Wednesday in what can only be termed a pause for reorientation. Investors [...]
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US Dollar Steadies After Trump-Inspired Surge
 

US Dollar Steadies After Trump-Inspired Surge

The United States Dollar which has been on a sharp rally over the past couple of weeks has finally slowed down just before the Thanksgiving holidays. The currency had reached a 13-1/2-year high this Wednesday as a result of rising positive [...]
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Dollar Rises Up, Beating the Other Currencies of the World
 

Dollar Rises Up, Beating the Other Currencies of the World

Recently, the hike of dollar against the major currencies of the world was in the news. It is known that the Federal Reserve is expected to raise the interest rates right after the increased bets by the investors. In comparison to the dollar, [...]
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China’s Forex Reserves Dip to $3.20 Trillion in July
 

China’s Forex Reserves Dip to $3.20 Trillion in July

China’s central bank released data last week that indicated that the country’s foreign exchange reserves had dropped to $3.20 trillion in the month of July. However, industry analysts had expected the reserves to fall. The drop was $4.10 billion [...]
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Brazil Central Bank Head Says Inflation Needs to be Curbed
 

Brazil Central Bank Head Says Inflation Needs to be Curbed

Ilan Goldfajn, the tough talking head of Brazil’s central bank, announced that while inflation had reduced slightly measures still had to be taken to curb it further. He said that the government understood the importance of meeting its inflation [...]
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Nigeria’s Central Bank Readmits Nine Leading Banks to Forex Market
 

Nigeria’s Central Bank Readmits Nine Leading Banks to Forex Market

A potential financial crisis was averted in Nigeria when the country’s central bank revoked the suspensions of nine leading banks that had been banned from trading in the highly profitable forex market. The banks had been punished for their [...]
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