Latest News for: Global currency trading

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How are currency exchange rates set? MintGenie explains | Mint

Live Mint 01 Oct 2022
Currency exchange rates of prominent countries drive international trade and commerce ... So, it’s vital to have a strong and stable currency to make the most of its goods in international trade ... Besides, there are scores of other factors in international trade, currency markets and the overall global economy that influence the currency exchange rates.
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Russian ruble rebounds as Russia and China work hard at de-dollarization

The Patriot Ledger 01 Oct 2022
The recent gains mean the currency is now back to its level before broad based, hellish sanctions on the Russian government and its oligarchs were imposed, continuing its streak as the best performing currency in the world this year ... For nearly 80 years the dollar has dominated the global economy because it is needed to conduct global trade.
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John Lee vows better public services as HK celebrates National Day

Hong Kong Standard 01 Oct 2022
“In recent years, our country’s strength has reached a new level. Last year, China’s gross domestic product surpassed RMB114 trillion ... “Since 2020, our country has become the world’s largest trading entity. The Renminbi (RMB) became the fourth global payment currency last year,” Lee continued.  ... IOS Android ... .
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Trade settlement in Re: RBI says fairly good response so far

Financial Express 30 Sep 2022
In the circular issued to commercial banks on July 11, the RBI said all exports and imports under this arrangement may be denominated and invoiced in the rupee, which is expected to facilitate importers and exporters to avoid rules that prevent the use of a global currency such as the US dollar for trade with certain countries.
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POSCO, LX riding high on soaring raw materials prices

Korea Times 30 Sep 2022
However, the otherwise grim news is a great opportunity for local trading firms, long struggling due to years of globalization ... Global uncertainties-led depreciation of the Korean currency prompted price increases of key commodities imported, pushing up the trading volume overall.
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5 things businesses need to consider when planning corporate travel

Independent online (SA) 30 Sep 2022
A new study by Wakefield for SAP Concur revealed that new macroeconomic challenges in South Africa and globally are threatening the recovery of SMEs and business travel, unfortunately ... The latest update to The Economist’s Big Mac Index shows that South Africa’s currency is one of the most undervalued globally.
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China Offers Huge Discount to Indian Businesses if They Settle Their Russian Transactions in Yuan

Sputnik 30 Sep 2022
Indian businesses switched to non-US dollar payments to secure lucrative deals with Russia. Following anti-Russia sanctions, many non-Western companies have expressed a desire to continue trade in national currencies, amid what's now a global push to 'de-dollarize' ....
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Bitfinex First Major Exchange to List Shimmer, Heralding Dawn of New ‘Chain-of-Chain’ Ecosystem

Bitfinex 30 Sep 2022
Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, ...
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Wild UK market swings 'opportunity of a lifetime' for hedge funds

Reuters 29 Sep 2022
Investors that use signals in the economy to trade in government bonds and currencies say that Wednesday was a day to go big or go home ... Family office portfolio manager John Taylor, a veteran currency trader, said the volatility he saw was worse than trading in 2008 when the global financial crisis took hold.
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Oil prices drop from weaker global demand

Anadolu Agency 29 Sep 2022
International benchmark Brent crude traded at $87.20 per barrel at 09.28 a.m ... the closing price of $88.05 a barrel in the previous trading session ... When the dollar gains in value against other currencies, dollar-denominated oil is more expensive for buyers, thus discouraging trade.
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OKX Has Enabled $ORBS Staking For All Orbs Community Members

Cryptopolitan 29 Sep 2022
The support of this powerful trading platform enhances the token’s appeal and the Orbs token’s utility. OKX is one of the leading global cryptocurrency exchanges and trading platforms. It processes over $2 billion in trading volume and supports over 350 currencies and more than 600 trading pairs ... Enjoy hundreds of tokens and trading pairs.
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Stock Market Today: Stocks Slide As Dollar Resumes Global Risk Market Grip

The Citizens 29 Sep 2022
... years, as investors continue to navigate extreme volatility in bond and currency markets heading into the final trading days of a difficult quarter for global stocks ... dollar index bounced 0.3% higher in overnight trading, pegging it at 112.897 against its global currency peers.
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Stocks Resume Slide, Amazon, Porsche, Nike And Hurricane Ian - Five Things To Know

The Citizens 29 Sep 2022
... continue to navigate extreme volatility on bond and currency markets heading to the final trading days of a difficult quarter for global stocks ... dollar index bounced more than a full percent higher in overnight trading, pegging it at 113.60 against its global currency peers.
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OKX Has Enabled ORBS Staking for All Orbs Community Members

The Daily Hodl 29 Sep 2022
The support of this powerful trading platform enhances the token’s appeal and the Orbs token’s utility. OKX is one of the leading global cryptocurrency exchanges and trading platforms. It processes over $2 billion in trading volume and supports over 350 currencies and more than 600 trading pairs ... Enjoy hundreds of tokens and trading pairs.
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Is the US economy about to tank?

China Daily 29 Sep 2022
With more and more nations starting to reject US Treasury bonds and other dollar denominated assets—including stocks, state and local bonds, and US real estate—the dollar itself has begun losing its "global reserve currency" status where other nations were formerly required to trade with each other using the dollar as their medium of exchange.

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