How to avoid an international exchange meltdown

The International Monetary Fund said on Thursday that it had found evidence that Chinese officials had made payments to the U.S. Treasury totaling $1.8 billion between 2010 and 2016 in exchange for political favors.The funds were used to help finance a 2014 effort by a political rival to force China to reform its economy and […]

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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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Sterling foreign exchange rate hit a new low in January

Sterling foreign currency, one of the world’s major currencies, hit a record low against the dollar in January, with the benchmark index falling by 0.3% against the greenback.The benchmark rate against the U.S. dollar was hovering around US20.7% before falling to US20% on Thursday, the lowest since February 2014.The rate is now at US19.8%, according […]

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