Category : Change of Money
Which countries are dumping the dollar and why ?
The European Union is considering switching payments from the US dollar to the euro after Washington threatened to target European firms working in Iran, according to reports.
Peso crisis highlights fragility of Argentina's economy
Buenos Aires (AFP) - Argentina appears to have resolved, at least in the short term, the crisis over the peso and its depreciation by taking drastic action -- but analysts warn the policy is untenable over time.
Crypto Wealth Sinks $45 Billion While Bitcoin Bros Party
So much for the Blockchain Week Bounce.
EU economies hit by collapse in investment
Capital investment in 24 of the EU’s 28 member states has fallen dramatically over the past ten years, according to data from statistical agency Eurostat.
Ray Dalio, Paulson Keep Faith in Gold Amid Rate Hike Headwind
Billionaire hedge-fund managers John Paulson and Ray Dalio kept their faith in gold even as rising interest rates trim the metal’s gains.
China Gold Demand Off To Hot Start
It looks to be another boom year for gold.
Gold price crashes through $1,300
Gold on Tuesday suffered its worst trading day in 17 months after a recovery in the value of the US dollar and seven-year highs for yields on the country's government bonds.
China’s petro-yuan ‘thundering into action’ as Iran ditches US dollar in oil trade
Washington’s renewed sanctions on Tehran supports China’s newly established oil futures, analysts say.
Turkish Gold Imports Triple As The Central Bank Diversifies Out Of Dollars
Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases.
Argentina raises interest rates to 40%
Argentina's central bank has raised interest rates for the third time in eight days as the country's currency, the peso, continues to fall sharply.