NEW YORK, May 22 (Reuters) - The dollar rose to a 4-1/2-year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the U.S. central bank could slow its ...
A SHOCK contraction in Chinese manufacturing and the prospect that the US Federal Reserve could soon unwind its quantitative easing measures rocked local markets yesterday, pushing the Australian dollar close to an annual low and wiping more than ...
TAIPEI--Taiwan's central bank Thursday lowered the daily ceiling for onshore banks in unwinding their outstanding long U.S. dollar positions, a move aimed at reducing the volatility in the local currency. An official from the central bank's foreign ...
KINGSTON, Jamaica - The Jamaican dollar lost against both its North American counterparts at the end of trading today. The US dollar traded for an average J$99.11, up seven cents from yesterday while the Canadian dollar went for J$97.37, a 30-cent gain.
The first down payments on a US dollar bull market have been made but the emerging markets are set to suffer in its wake, according to George Magnus, former senior economic adviser at UBS, the Swiss bank.
Center for Research on Globalization - May 19, 2013
Quantitative Easing is the term given to the Federal Reserve's policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the prices high of debt-related derivatives on ...
KINGSTON, Jamaica - The Jamaican dollar today strengthened marginally against its US counterpart to trade at an average $98.96, three cents lower than it closed on Friday.
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