Investing Ideas

Dollar Firms as Chinese 3Q Growth Disappoints; Bailey Speech Supports GBP

Forex1 hour ago (Oct 18, 2021 03:09AM ET) By Geoffrey Smith Investing.com -- The dollar opened the week higher on a fresh bout of global risk aversion as data showed the Chinese economy slowed by more than expected in the third quarter. By 3 AM ET (0700 GMT), the dollar index that tracks the greenback against a basket of advanced economy currencies was up 0.2% at...

Dollar Up, China’s Economic Growth Slows Down While New Zealand Inflation Picks Up

Forex7 minutes ago (Oct 18, 2021 12:28AM ET) (C) Reuters. By Gina Lee Investing.com - The dollar was up on Monday morning in Asia. Inflation data from New Zealand was higher than expected while data from China showed slower-than-expected economic growth. Hawkish comments from the Bank of England (BOE) governor also placed the possibility of interest rate hikes on investors' radars. The U.S. Dollar Index that tracks...

Hong Kong Exchange Fund posts Q3 investment loss of $1.70 billion -HKMA

Forex9 minutes ago (Oct 17, 2021 11:25PM ET) (C) Reuters. FILE PHOTO: A Hong Kong dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration HONG KONG (Reuters) -Hong Kong's Exchange Fund, which backs the local dollar, posted a third-quarter investment loss of HK$13.2 billion ($1.70 billion), its first after five consecutive quarters of gains, the Hong Kong Monetary Authority said on Monday....

Pressure to devalue Brazil real to ease in 2022, cenbank official says

EconomyOct 15, 2021 08:05PM ET (C) Reuters. FILE PHOTO: 200 reais note are seen after Brazil's central bank issues the new note in Brasilia, Brazil September 2, 2020. REUTERS/Adriano Machado/File Photo By Marcela Ayres and Jose Gomes Neto BRASILIA/SAO PAULO (Reuters) - Brazil central bank monetary policy director Bruno Serra said on Friday the bank expects pressures to devalue the real to ease next year and...

El Salvador sees greener crypto-currency mining in its future

Forex15 minutes ago (Oct 15, 2021 05:21PM ET) (C) Reuters. A banner that reads: "We accept Chivo and Bitcoin" is seen outside a bussines in Antiguo Cuscatlan, El Salvador, September 17, 2021. REUTERS/Jose Cabezas/Files SAN SALVADOR (Reuters) - El Salvador's unfolding experiment as a first-adopter of the crytocurrency bitcoin could be increasingly powered by new streams of renewable energy, the chief of the country's hydroelectric commission...

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