Wednesday, 26 January 2022

Tag Archives: dollar

Asian markets turn lower, pound holds up against dollar

HONG KONG: Asian markets edged down as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall Street was closed for a holiday investors are keeping tabs ...

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Pakistan, China agree to trade in Rupee, Yuan instead of dollar

Pakistan and China have agreed to do trade in their own currencies instead of dollar. According to report, the two countries agreed to do business in Pakistani rupee and Chinese currency Yuan during the visit of Prime Minister Imran Khan to Beijing. Earlier, Pakistan and China were doing trade in ...

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Putin says Russia and China to reduce use of dollar in trade

MOSCOW: Russian President Vladimir Putin said Moscow and Beijing plan to use their own national currencies more often in trade deals as Russia’s relations with the West deteriorate. “The Russian and Chinese sides confirmed their interest in using national currencies more actively in reciprocal payments,” Putin told journalists during a ...

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Iranian rial hits all-time low against US dollar

TEHRAN: The Iranian rial hit another all-time low against the US dollar in spite of central bank efforts to stem the decline. The rial has lost around 15 percent of its value on the open market in the past three days, bottoming at 128,500 to the dollar, according to Bonbast, ...

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Dollar weakens after Trump’s Fed comments

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

HONG KONG: The dollar dipped Tuesday in Asia after Donald Trump hit out at the Federal Reserve´s interest rate rises and accused it of not backing his economic plan, while most equity markets edged up ahead of highly anticipated China-US trade talks. The greenback has been on the ascent in ...

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Iran’s rial hits record-low 100,000 to the dollar

TEHRAN: Iran’s currency hit a record low on Sunday of 100,000 rials to the dollar amid a deepening economic crisis and the imminent return of full US sanctions. The unofficial rate stood at 102,000 rials by midday, according to Bonbast, one of the most reliable sites for tracking the Iranian ...

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Pakistan allows yuan-based trade with China

KARACHI: Pakistan’s central bank has allowed the Chinese yuan to be used for bilateral trade and investment activities, a move which could replace the US dollar for transactions in the strategic CPEC projects. The State Bank of Pakistan (SBP) said on Monday that all arrangements for using the Chinese currency ...

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Venezuela to sell oil in currencies other than dollar

CARACAS: Venezuelan President Nicolas Maduro announced his government will sell oil and other commodities in currencies other than the dollar, in a bid to weather US imposed sanctions on the embattled country. “I have decided to start selling oil, gas, gold and all other products that Venezuela sells with new ...

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