AFTER DUSK men from Lea Lea, a village in Papua New Guinea, wade into the Coral Sea to spear fish sleeping near the seabed. Their torches twinkle in the darkness. But they are easy to miss against the riot of illumination from a $ 19bn liquefied natural gas plant. Built by ExxonMobil, it stores natural […]
Tag: currencies
Emerging markets’ currencies have staged a comeback
But threats to growth remain
Markets bash Argentina’s and Turkey’s currencies again
Another torrid week for the peso and lira
Markets bash Argentina’s and Turkey’s currencies again
THE first YouTube video, posted in 2005, showed the site’s 25-year-old co-founder standing in front of elephants at the San Diego zoo. One of its most recent videos is a little different: it shows Argentina’s president, Mauricio Macri, explaining why he needs the IMF to stand in front of the bears destroying his country’s currency. […]
Global unease, from commerce to currencies, rattles raw materials
THEY make an intriguing posse: about 160 “scouts” in jeans and muddy boots, jumping out of cars with ropes in hand, plunging deep into corn (maize) and soyabean fields across the American Midwest. They are not just farmers. They include commodity traders and hedge-fund managers. Their quest: to predict this year’s harvest by using ropes […]
India’s rupee hits an all-time low as the Turkish lira crisis spills over to other currencies
Thomson Reuters The Indian rupee briefly fell to an all-time low of 70.1 per US dollar in Tuesday trade. Indonesia’s currency also fell to a multi-year low as government ministers discussed strategies to prop up the currency. JP Morgan’s emerging markets foreign exchange index is on track for its biggest monthly fall in six years. […]
The Points & Miles Backpacker: Avoiding Fees on Foreign Currencies
The Points & Miles Backpacker: Avoid Foreign-Currency Fees Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include […]
Regulating virtual currencies and ICOs
THE pattern is familiar. Computer geeks develop technology that threatens to overturn established markets and habits. Regulators then scramble to understand and tame the beast. This is what is happening in the financial world in the wake of an explosion of crypto-currencies. Over the past year the pool of virtual currencies has both deepened, from […]
The major currencies that are undervalued and overvalued right now, in one chart
Paramount Pictures ANZ has updated its currency valuation models. The Swiss franc is deemed to be the most overvalued currency with the Swedish krona the cheapest. If you’re a long-term currency trader, or looking to make an investment overseas and wondering if you should hedge your currency exposure, the chart below from ANZ Bank may […]
Pound to euro exchange rate: Sterling slips against major currencies
The pound to euro exchange rate continued to dip today after a difficult start to the week. Yesterday the pound struggled against the euro, which was strong thanks to a struggling US dollar. The pound fell slightly from 1.126 to 1.124, and today it has fallen further to 1.1225. TorFX currency analyst Laura Parsons said: […]