Tag: currency

Tuesday, July 27th 2021 - 07:39 UTC
Chinese currency takes third place in global trade

The Chinese yuan has taken third place among internationally-traded currencies in 2020, according to a Renmin University of China report released over the weekend, which also foresees it may continue to expand.
Friday, March 6th 2020 - 11:00 UTC
“If I mess up”, the US dollar could reach 5 Real, admits Brazil's minister Guedes

Brazil’s economy minister blamed the Real’s slide to an all-time low on the coronavirus outbreak and said the currency could weaken to as much as 5 per dollar if he “messes up.” Paulo Guedes said the Real is weakening largely due to the economic impact of the epidemic, rather than a change in the country’s risk perception.
Thursday, November 1st 2018 - 08:50 UTC
Brazil leaves interest rates unchanged at an all time low: reduced risks of inflation

Brazil’s central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.
Monday, October 1st 2018 - 08:56 UTC
Beijing currency swap support for Argentina

Argentina has “nearly closed” a new currency swap deal with China that will add the equivalent of US$ 9 billion to the South American country’s reserves, the central bank said on Sunday. Argentina and China first agreed to a swap program in 2009 to boost the South American country’s dwindling reserves under former President Cristina Fernandez. Last year, the center-right government of President Mauricio Macri and China agreed to extend the program for three more years.
Wednesday, September 12th 2018 - 08:13 UTC
Argentina equities and Peso slide, in line with Brazil's political situation

Argentine equities and the Peso continued on Tuesday their slide amid global trade tensions, uncertainty about Argentina's 2019 fiscal budget, talks between the government and the International Monetary Fund and the political situation in Brazil, which together with China are Argentina's main trade partners
Tuesday, September 11th 2018 - 09:12 UTC
Argentine equities and Peso lose ground on Monday: IMF and budget concerns

Argentine equities and the peso both lost ground on Monday as analysts said intervention in the foreign exchange market by the nation's central bank may prove less successful than originally hoped.
Friday, August 24th 2018 - 08:24 UTC
Brazilian currency sliding to record lows ahead of October's election outcome

The Brazilian currency Real fell to a 31-month low versus the U.S. dollar on Thursday on jitters ahead of the country’s October election. Jitters across emerging markets caused by a stronger U.S. dollar and exacerbated by the unfolding currency crisis in Turkey already took a toll on the Brazilian unit before this week.
Thursday, August 23rd 2018 - 09:06 UTC
Opinion polls confirm Lula's popularity and rattles markets

The popularity of imprisoned former Brazilian president Lula da Silva has grown strongly despite his corruption conviction, an election poll on Wednesday showed, a result that rattled markets and raised the possibility that Lula’s running mate could ultimately become the next occupant of the country’s presidential palace.
Wednesday, June 29th 2011 - 06:20 UTC
Trade in local currencies and tariffs on the Mercosur agenda for discussion

Argentina Economy Minister Amado Boudou said that the idea of appealing to an only shared currency by Mercosur members generates ‘doubts’ given the European experience, and feels more inclined ‘to stimulate trade with local currencies”, so that each member country can take advantage of monetary policy macroeconomic instruments.
Thursday, June 2nd 2011 - 08:52 UTC
US dollar looses 1.85% against the Uruguayan Peso in May; 7.44% in five months

The US dollar continues to slide in the Uruguayan foreign exchange market having lost 1.85% in May vis-à-vis the Uruguayan peso, completing the steepest monthly drop so far in 2011.