Saturday, 16 October 2021

Tag Archives: US Dollar

U.S. dollar falls amid rising sterling

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

NEW YORK: U.S. dollar fell on Monday, as investors’ growing optimism on US-China trade relations cut back on the greenback’s safe-haven demand. In late New York trading, the euro was up to 1.1312 U.S. dollars from 1.1295 dollars in the previous session. The Australian dollar fell to 0.7130 dollar from ...

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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 as China’s yuan stabilizes

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

NEW YORK: The US dollar weakened against the euro as the Chinese yuan showed more stability, after the greenback reached an almost five-week high against the single currency on Monday. The yuan has strengthened to 6.8284 from 6.9122 on Friday, when China’s central bank raised the cost of shorting the ...

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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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Is Bitcoin the future of currency

Bitcoin’s future as an alternative currency has generated a considerable amount of debate in financial parlors. A Bitcoin is merely a transfer of value between addresses. Every time you want to transact, an address is created and transfer of value takes place. When you are on the receiving end, a ...

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