Forex Rates

United Airlines Shares Drop Following Strong Quarterly Loss; Analysts optimistic about the recovery

United Airlines reported a worse-than-expected loss in the first quarter as the COVID-19 pandemic continues to hammer air travel demand amid rising fuel costs, causing its shares to fall more than 2% in negotiations extended Monday. The Chicago, Illinois-based airline reported a net loss of $ 1.4 billion in the …

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EMERGING MARKETS – Indonesian Rupiah Firms and Central Bank See Hold Rates Stable

* Investors eye c.bank meeting in Indonesia later today * Taiwan dollar at a nearly 1-1/2 months high * Emerging Asian currencies strengthen on weaker dollar By Harish Sridharan April 20 (Reuters) - The Indonesian rupiah gained on Tuesday ahead of a Bank Indonesia (BI) policy meeting where the central …

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World Trade Organization chief says China at heart of WTO reforms By Reuters

© Reuters. FILE PHOTO: WTO Director-General Ngozi attends interview with Reuters at WTO headquarters in Geneva BOAO, China (Reuters) – China is at the heart of World Trade Organization (WTO) reforms, WTO Director-General Ngozi Okonjo-Iweala said on Tuesday. Ngozi was speaking virtually at the Boao Forum for Asia, China’s response …

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Nigerian people must pay for poor government policy

Wheat harvest trials in Kano, Nigeria. Photo: SARD-SC The Central Bank of NIGERIA took to Twitter last Friday to announce the extraordinary decision to cut the foreign exchange supply to importers of wheat and sugar. The struggling country is trying to hold onto US dollar reserves amid a spiraling domestic …

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GBP / AUD, GBP / CAD, GBP / NZD rate outlook

Outlook for the British Pound: Sterling’s strong performance in early 2021 has derailed in recent weeks, but price movements through the end of April suggest better days may be ahead. GBP / CAD and GBP / NZD made significant technical reversals on Monday, while GBP / AUD continues to climb …

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Brazilian Vale iron ore production in the first quarter increases from last year to 68 million tonnes

Bloomberg Plumber Buying Doge Shows The Power Of Retail Crypto Investors (Bloomberg) – A tough weekend for the legions who dumped into all things crypto after Coinbase Global Inc.’s direct listing did little to undermine its grip on retail traders. Dogecoin rallied another 20% or so on Monday, even after …

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Why the forex market is worried about dollar term premiums

The Indian rupee has depreciated sharply since the Reserve Bank of India (RBI) pledged to buy ₹1 trillion government bonds. While increasing rupee liquidity invariably puts pressure on the exchange rate, that’s not all. What is also worrying the forex market is the term premium, especially since the central bank …

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AUD / USD rate on track to reverse head and shoulder formation

Australian dollar talking points AUD / USD appears to be on track to cancel the head and shoulders formation of the start of the year as it clears the opening range for April, and the decline from the February high (0.8007) could end up being a broader trend correction rather …

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FX Week Ahead – Top 5 Events: Inflation Rate in New Zealand, Canada and UK; BOC and ECB rate decisions

Introducing FX Week Ahead: Now in the second half of April, the economic calendar features several data releases and events that historically invite more volatility in the forex markets. However, still at the start of the resumption of the coronavirus pandemic, central banks are reviewing inflation data and have shown …

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The Growing Perils of India’s Open Capital Account

In a major new article (“External Balance Sheets of Emerging Economies: Low-yielding Assets, High-yielding Liabilities,” Review of Keynesian Economics, vol. 9 no. 2, summer 2021, pp. 232–252), the Turkish economist Yilmaz Akyuz identified new channels of transmission of global financial shocks resulting from the opening of capital accounts in emerging …

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