Page 17 - Currency

China's currency hits 18-month low against dollar, falls to 6.7134

China's Yuan hit the lowest mark against the US dollar in the last 18 months on Tuesday, falling to 6.7134 against the dollar, the lowest figure since October 30, 2020.

Dollar on track for best month since 2015

The dollar hit a 20-year high against the yen on Thursday, as the Japanese currency was hurt by dovish Bank of Japan policy

Insolvent Sri Lanka should swap its central bank with currency board

Currency boards are typically associated with lower inflation, higher economic growth and smaller fiscal deficits when compared with hard pegs that are supported by promises, rather than protocols

'Dollar is king' mantra rings across currencies as yen drops to 20-year low

Traders focus on potential half-point Federal Reserve rate hike next week; Bloomberg dollar gauge set for best monthly gain in a decade

Rupee surges 19 paise to 76.31 against US dollar in early trade

The rupee appreciated 19 paise to 76.31 against the US dollar in opening trade on Wednesday, tracking positive trends among Asian and emerging market currencies

Euro hovers near two-year low vs dollar as ECB disappoints markets

The European single currency fell to $1.0758, the lowest level since April 2020. It was last down 0.53% at $1.0827

Dollar index back above 100 ahead of expected red-hot US inflation data

The dollar's gains have been most striking against the yen

Sri Lanka faces worst currency depreciation, tourism affected: Lanka IOC MD

The managing director said that fortunately tourism had recently picked up but news articles on social media have adversely affected the sector

Euro slips to month-low as West prepares new Russia sanctions

The dollar index, which measures the greenback against six peers, rose 0.12% to 99.600, after touching its highest since May 2020 of 99.759

Pakistan rupee at historic low on repayments of Chinese loans

Pakistan borrowed heavily from China during the last three years

Dollar edges higher ahead of payrolls, resumes climb versus yen

The U.S. currency also garnered support due to its status as a pre-eminent safe haven, with peace talks between Russia and Ukraine stumbling, though they are set to resume later on Friday.

Euro holds at one-month high, yen set for worst month since 2016

The European single currency was at $1.1175 holding its highest in a month, having gained 1.7% so far this week.

Euro rises vs dollar as eurozone inflation fans rate hike expectations

The dollar index, which measures the greenback against a basket of six peer currencies, was down 0.57% at 97.861 at 2:20 p.m. Eastern Daylight Time, having earlier touched its lowest level since March

Yen on the ropes as Japanese central bank defends bond yield target

The Japanese currency fell as much as 2.4% to 125.10 to the dollar overnight, its lowest since August 2015, before recovering to 124.24 in volatile morning trade in Tokyo.

Building currency buffers in the new world

If FY23, crude oil prices were to average $120 a barrel, our current account deficit could rise to 3.8 per cent of GDP. Until the quality of our external balance improves, India needs forex buffers

Rupee stages strong comeback after hitting an all-time low on March 7

The country is also in a better position among emerging market currencies due to its $630-billion-plus foreign exchange reserves

Shock-proofing the economy: Quality jobs the best possible safety net

Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan

Rupee gains against the dollar for the third consecutive session

The Indian currency appreciated 0.34 per cent against the dollar on Thursday as it closed at 76.31/$ as compared to the previous close of 76.56/$.

Fallout of Russia-Ukraine war: Rupee nears 77/$ in all-time low

The previous all-time low for the rupee was recorded on April 16, 2020, when it closed 76.87 against the dollar

Rupee crashes 40 paise to 75.73 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.78 per cent higher at 97.37.