Dollar
Japan 'on standby' to intervene as yen plummets
Japan's top currency official said yesterday that Tokyo was "on standby" to intervene after the yen fell to a new year-low against the dollar and plunged against the euro, Bloomberg reported.
The yen dropped below 151 against the dollar overnight after the Bank of Japan further loosened its control of bond yields but stuck with sub-zero short-term interest rates.
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"The de-dollarization process has begun"
The United States of America itself is to blame for the fact that many countries began to give up trade in US dollars, Alexei Mozhin, Russia's representative at the International Monetary Fund, told "RIA Novosti".
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James Cameron rejected Fox’s “Avatar” notes by telling execs: “I Made ‘Titanic’ & it paid for your half-billion dollar studio lot”
“This building that we’re meeting in right now, this new half-billion dollar complex on your lot? ‘Titanic’ paid for that, so I get to do this”
Soaring U.S. dollar spreads pain worldwide
The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money.
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FX-protected deposit accounts attract 1.3 trillion Turkish Liras
FX-protected deposit accounts that were launched some nine months ago have attracted more than 1.3 trillion Turkish Liras of savings, Treasury and Finance Minister Nureddin Nebati has said.
Having more lira assets and deposit accounts with longer maturity are crucial both to investments and loans, Nebati said.
US multinationals grapple with soaring dollar
The rapid rise of the U.S. dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.
For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper.
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Turkish Lira continues its fall hitting new record low
The currency lost 3% against the US dollar
Russia replaces the dollar with the ruble & national currencies on armaments programs
Russia has converted its dollar reserve into euros, Chinese yuan and gold
The Dollar Turned the Trend and It Is Becoming Cheaper
The dollar is about to send the fourth session in a row, taking into account lower values and although monthly dollar index stood at plus, analysts say the mood is minor, Market Watch wrote in his analysis.
Ankara struggles to prop up plunging Turkish Lira
Ankara has been struggling to prop up the embattled Turkish Lira, which fell more than 5 percent against the dollar to hit a new record level of 4.9290 on May 23, edging closer to the psychological level of 5 to the dollar.
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