Why China is the world’s biggest loser in the foreign exchange industry

By Samira Jassim/TechCrunch EditorA few months ago, the Chinese government announced it was banning foreign exchange trading, effectively ending a years-long boom in Chinese currency trades.But in an era when the Chinese economy is in the midst of a massive stimulus plan, this has sparked a backlash among investors.The country has struggled to make up […]

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SANTANDER EXCHANGE SAYS IT WILL PAY INEQUALITY CLAIM FOR ALBUQUERQUE MEDICAL CENTER

SANTA FE, N.M. — SANTANTA FE FEDERATED SEVEN YEARS AGO, but in 2016 it was still reeling from the devastation of Hurricane Sandy.When a U.S. bankruptcy judge in April ruled that Santander International needed to pay $2 billion in back taxes, it sent shock waves through the financial sector.The result: A flood of cash from […]

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Which currency are we talking about?

Foreign exchange exchange groups like foreign banks, foreign financial institutions and foreign banks have been investing in Australian dollars.But which currency are they talking about these days?The Australian dollar is actually one of the few currencies with a stable exchange rate, and it’s a safe bet you won’t be hearing much about it these days.Foreign […]

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US Dollar Index plunges 0.6% after China devalues, China says

China’s central bank has devalued the yuan to support the yuan’s rise in value, a sign that the country is preparing to ease restrictions on foreign exchange and a major move to boost growth.The yuan’s exchange rate on the mainland jumped to 6.6064 yuan to the dollar from 6.5860 yuan on Monday after China announced […]

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Why Turkey is so dependent on foreign exchange

Turkey is dependent on international exchange.It depends on foreign investment.It is also dependent on the foreign exchange market.And it is dependent to a great extent on foreign loans.This is the central point of our discussion on the economy.Turkey is one of the most important countries in the world for global finance.Its economy is among the […]

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Which currencies have the most foreign exchange?

Foreign exchange rates can be used to measure currency movements.But for the past few years, the International Monetary Fund has been increasingly concerned about the increasing use of currency swaps to manipulate the value of foreign exchange assets.The IMF recently reported that nearly $200 billion was traded in swaps using the currencies of other countries.It […]

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Aussie tourist ‘caught stealing’ $50,000 in foreign exchange

A Sydney man was allegedly caught with an illegal $50 million in foreign currency on a trip to the Middle East, police said.The man is being investigated by the Crime and Corruption Commission (CCC) over the alleged money-laundering.He is due to appear in court on December 6.A spokesperson for NSW Police told The Sunday Age […]

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Which is more important: Foreign exchange or interest rates?

The foreign exchange rate (FXR) is an important indicator of the country’s economic and financial performance.As the FXR is a basket of rates, there are different rates that have different implications for different sectors of the economy.FXR fluctuations can also cause price volatility, or, if the economy is experiencing rapid changes in its underlying fundamentals, […]

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