Dollar’s kingship under threat?
As of 2023, central banks hold about 60% of their foreign exchange reserves in Dollars...
Tag : dollar
How central banks used gold since the 1990s
Central banks sold gold on the net in the 1990s and the first part of the 2000s...
Low dollar demand underpins Kenya’s forex by Sh760 mn
Remittance inflows stood at $260.7 million in September compared to Sh29.7 billion and Sh29.9 billion in the previous two months...
Turkey’s lira depreciates to an all-time low due to inflamed political tensions
The value of lira dropped as much as 0.9 percent to 7.8692 percent, with an extended loss of more than 24 percent...
Iran lawmakers fire finance minister as economic woes mount
The country’s parliament voted Sunday to fire the country’s finance minister amidst the economic turbulence caused by America’s withdrawal from the nuclear deal...
China central bank renews its support of Yuan amid dispute
The country is stepping up its efforts to stem the yuan’s rapid depreciation in a policy shift intended to fend off US criticism of Beijings weakening of its currency in the ongoing trade dispute...
Dollar dips on trade optimism as US-China talks are awaited
The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in US-China trade tensions...
Investors bid up safe havens during Turkish crisis, euro goes soft
Euro touches 13-month low against US dollar, as the Yen gains about 0.3 % and Australian dollar hits an 18-month low...
Sterling falls against dollar and euro amid fears of no-deal Brexit
Pound goes weaker as markets factor in chance of chaotic exit from EU...