-
US dollar holds ground as China tariffs kick in, euro slides
05 Feb 2025 02:54 GMT
… Monday’s rebound.
The euro declined slightly, with Washington threatening … . There is no official yuan trading until Wednesday, with mainland … since April 2020.
EURO LOWER
The euro slid 0.20% to … euro/dollar to parity,” said George Saravelos, head of forex …
-
U.S. Tariff-First Policy is a Historical Throwback
07 Feb 2025 02:31 GMT
… check of currency shares in foreign exchange transactions makes it possible … Settlements’ Triennial Survey of global foreign exchange turnover, the U.S. … in 2022, followed by the euro, the Japanese yen and … order. But the Chinese yuan came in fifth with a …
-
Iran Releases Currency Exchange Rates For February 6
06 Feb 2025 08:23 GMT
… (CBI) put up an official exchange rate for foreign
currencies on February … the bank's currency exchange rate, 37 currencies
experienced an upward … ,809
116,384
1 Chinese yuan
CNY
78,245
78,929
100 …
802,567
807,161
1 euro
EUR
592,763
593,981
100 …
-
Overvalued US dollar damaging world economy
06 Feb 2025 05:25 GMT
… pound), 9 percent against CNY (the Chinese yuan) and 53 percent … from the eurozone. The euro had a long streak of … Not long after that, the euro debt and financial crisis broke … 1992, because under the exchange rate mechanism, its exchange rate was tied to the …
-
Dollar slides as trade war risk recedes, yen rallies
05 Feb 2025 16:50 GMT
… would expect,” he said.
The euro rose 0.34 per cent … said Derek Halpenny, a senior foreign exchange strategist at MUFG.
Sterling meanwhile … tariffs on China knocked the yuan slightly on Monday as markets … term as president, the yuan was allowed to weaken more …
-
Indian Rupee vs. Dollar: Why The Decline Isn’t A Crisis & What It Means For India
05 Feb 2025 14:09 GMT
… its forex reserves to stabilize the rupee. The foreign exchange reserves … Its high GDP growth, solid foreign exchange reserves, and steady economic … For example:
The Chinese Yuan and Japanese Yen also saw … reflected volatility in the Euro and British Pound due …
-
IMF reports dollar share of world currency reserves at 29-year low
05 Feb 2025 13:23 GMT
… #39;s share in global foreign exchange reserves has fallen to its … nontraditional currencies, such as the euro, are gaining traction. In the … reaching 5.82%. The Chinese yuan's share also saw … leading reserve currency, with the euro in second place. The …
-
President Trump Fights to Keep Dollar as World Reserve Currency
05 Feb 2025 12:36 GMT
… yuan is not strong enough to replace the dollar as a foreign exchange … technology to convert digital yuan into digital riyal and … the development of a digital euro. European Central Bank board … promoting stablecoins and a Euro-Asian block promoting central …
-
The yo-yoing yen
05 Feb 2025 10:31 GMT
… by the US dollar or euro, but the yen is … for 13 percent of global foreign exchange transactions in 2022. Confidence … a discussion about the recent foreign exchange market environment with the … versus the USD and the CNY.”
Long-term investment strategies
…
-
Iran Releases Currency Exchange Rates For February 5
05 Feb 2025 08:17 GMT
… (CBI) put up an official exchange rate for foreign
currencies on February … the bank's currency exchange rate, 20 currencies
experienced an upward … ,384
116,590
1 Chinese yuan
CNY
78,929
79,057
100 …
807,161
808,471
1 euro
EUR
593,981
589,141
100 …