Currency

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee has gained 6.1% against the dollar so far in September, following an official clampdown on illegal foreign exchange trade in grey …

By Tetsushi Kajimoto TOKYO (Reuters) -Japanese authorities are always in close communication with U.S. counterparts on currencies and share a mutual understanding that excessive volatility is undesirable, Tokyo’s top foreign …

WASHINGTON (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo on Monday urged Nigeria to work to stabilize its currency and fight corruption to unlock what he called the “unrealized opportunity” …

By Joseph White and Ilona Wissenbach DETROIT (Reuters) – Mercedes-Benz CEO Ola Kaellenius told Reuters the automaker’s newest electric vehicle architecture, launching with the CLA compact electric sedan late next …

SHANGHAI/SINGAPORE (Reuters) – Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings into yuan for fear of losing out on potential gains in the …

By Ankur Banerjee SINGAPORE (Reuters) – A spurt in the U.S. dollar and China’s defence of the yuan are forcing Asian central banks to step up interventions in their weakening …

(Reuters) – Global ratings agency Fitch downgraded Ecuador deeper into junk territory on Wednesday, citing financing risks arising from a significant deterioration in fiscal accounts as the country heads to …

By Jonathan Stempel NEW YORK (Reuters) – Digital Currency Group on Thursday urged a U.S. judge to dismiss a lawsuit claiming it defrauded customers of Gemini Trust, which was founded …

By Marc Frank HAVANA (Reuters) – Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked to its dependence on food, …

By Marc Jones LONDON (Reuters) – The central bankers’ central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks …

STERLING, Va. – U.S. Customs and Border Protection officers seized nearly $130,000 in unreported currency from four groups of departing international travelers recently at Washington Dulles International Airport. There is …

STOCKHOLM (Reuters) – The Swedish central bank’s decision to asses the possibility of hedging a portion of foreign exchange reserve should not be seen as a veiled threat of currency …

(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve currency as long as democratic institutions and the rule of …

By Ahmed Eljechtimi RABAT (Reuters) – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director …

By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Friday said it found that no major U.S. trading partners had manipulated their currencies for an export advantage, adding it …

By Samuel Shen and Georgina Lee SHANGHAI/HONG KONG (Reuters) – China’s gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies …

PHILADELPHIA –Fifteen million dollars could do a lot of good, but when that currency is fake, it could ruin a lot of lives. U.S. Customs and Border Protection’s recent seizures …

BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a common currency, stating that in the era of digitalization it …

HARARE (Reuters) – Zimbabwe’s treasury has announced measures to encourage the use of the local dollar as opposed to the U.S. dollar, in a bid to boost the local unit …

By Walter Bianchi BUENOS AIRES (Reuters) – Argentina is in talks to renew and potentially expand its currency swap line with China, a central bank source said on Wednesday, as …

NEW YORK (Reuters) – The negative impact of currency fluctuations on North American companies’ results fell in the fourth quarter of 2022 compared with the previous quarter, data from treasury …