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According to “The Moscow Times”, in March, Russian citizens bought foreign currency in financial markets for 155.5 billion rubles (1.55 billion euros) more than they sold it. This indicator increased by 1.5 times in March compared to February. As economist Dmitrijs Polevojs explains, more foreign currency was purchased in November-December 2023 alone than in March, … Read more
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The dollar is the main reserve currency in the world. However, the volume of operations with dollars in cash in Latvia is gradually decreasing, and some members of the financial sector have completely stopped working with dollars in cash, because such transactions are considered quite suspicious on the risk scale. In general, cash transactions in … Read more
The fixed deposit era is over! Cash is expected to underperform both assets (Brostock via Getty Images) Interest rates have continued to rise this year, with money market funds receiving record inflows of $1.4 trillion in 2023 as investors look to earn about 5% interest on their cash. But BlackRock says the situation may be … Read more
Main • The ruble has been consolidating at 97 per US dollar for several days now. A sideways trend is a common thing after a surge in volatility, but another surge is ahead. In the medium term, the ruble is more likely to strengthen than to fall again to annual lows. • On the global … Read more
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On the morning of Friday, August 11, the dollar and the euro reached new records of value against the ruble. One dollar cost 98.25 rubles, and one euro – 108.07 rubles. Since the beginning of August, the dollar and the euro have increased by 7% in Russia, and by 38% and 42%, respectively, since the … Read more
Fed action strengthens the dollar – – The US Federal Reserve has raised interest rates for the third time this year and intends to continue. The US dollar updated a high in 20 years after another interest rate hike by the US Federal Reserve, he reports Reuters. The US Federal Reserve raised interest rates by … Read more
The Japanese currency is falling to its 24-calendar year minimal against the greenback, shedding .60%, publishing 140.13 yen per dollar. The Japanese yen is at its lowest versus the greenback in the earlier 24 decades The Japanese currency fell these days, Thursday, to its 24-12 months minimal towards the greenback, which also rallied from the … Read more
Speculations about further more fee hikes in the US as very well as the weak effectiveness of the German economic climate are the explanation for the renewed weakening of the euro. The euro fell these days to the weakest stage in five weeks. For the 1st time given that mid-July, it appeared underneath parity with … Read more
Photo: Korrespondent.net The NBU says that such a decision will help stabilize the foreign exchange market – – The regulator has canceled restrictions on the establishment of the cash exchange rate and when paying by card abroad. From May 21, the National Bank lifts the restriction by which institutions could sell cash currency to customers … Read more
We expect the market optics to focus on inflation and the actions of central banks in 2022. We expect the euro and British pound to outperform the US dollar despite several interest rate hikes in the US. Most CEE currencies should be supported by better sentiment and higher interest rates, Ebury analysts forecast. In the … Read more