Tag: dollar

• Saturday, May 4th 2019 - 09:56 UTC

  Brazil and Argentine currencies recover against a weaker US dollar

  

  Latin American currencies ended on a high note on Friday against a weaker dollar after robust U.S. jobs data painted a brighter picture for global growth and gave the U.S. central bank more reason to stay on its dovish path.

• Thursday, April 25th 2019 - 21:48 UTC

  Economic collapse in Argentina worsens in a volatile day: Macri blames uncertainty

  

  Argentina lived on Thursday another day in which the dollar rebounded and the country risk exceeded 1000 points. President Mauricio Macri criticized the “short-term” view of the markets and the Central Bank (BCRA) had to intervene by positioning the interest rate at 70% and diverting the futures market to contain the demand on the currency, preventing it from reaching the maximum accorded of 51.45 pesos.

• Wednesday, January 30th 2019 - 08:48 UTC

  Emerging markets vulnerable to US higher rates and stronger dollar

  

  Emerging markets face more downgrades than upgrades this year as foreign debt levels leave them vulnerable to rising U.S. interest rates and the strength of the dollar, according to Fitch Ratings. Latin America, the Middle East and Africa will be impacted more by lower credit scores because of the high share of their foreign-currency debt, said James McCormack, Hong Kong-based global head of the sovereign and supranational group at Fitch.

• Tuesday, January 29th 2019 - 09:03 UTC

  Venezuela approves a new, privately run, foreign exchange system; dollar sells at 3.200 Bolivars, 34% dearer

  

  Venezuelan authorities on Monday approved a new, privately run foreign exchange system that will operate in parallel to the official currency control system, as an emboldened opposition challenges President de facto Nicolás Maduro.

• Friday, August 24th 2018 - 08:50 UTC

  Argentina’s economy contracts in June for the third month running

  

  Argentina’s economy contracted 6.7% in June compared with the same month last year, and 1.3% compared with May, government statistics agency Indec said on Thursday. June was the third consecutive month of decline following 5.2% in May and 0.6% in April.

• 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, May 3rd 2018 - 08:39 UTC

  Lack of investor confidence sees the Argentine Peso fall 3.11% against the dollar

  

  Argentina’s peso currency closed down 3.11% on Wednesday at an all-time low of 21.2 per U.S. dollar, even as the central bank continued selling dollars to try to halt the slide of the local currency, traders said. The currency’s sustained weakening showed a lack of investor confidence in Latin America’s third largest economy, which is blighted by one of the world’s highest inflation rates.

• Tuesday, November 14th 2017 - 09:44 UTC

  Sterling slides on concerns about UK leadership and rebel Tory MPs

  

  Sterling fell against the dollar and euro on Monday as investors worried about Theresa May's ability to stay on as British prime minister and get what they consider to be a good exit deal from the European Union.

• Friday, November 1st 2013 - 21:36 UTC

  Dollar-short Venezuela creates new exchange rate system for arriving tourists

  

  Venezuela will create a new exchange rate for tourists to buy up to US$10,000 of the local Bolivar currency per year in a measure intended to help reduce black market trading, the government said in its official gazette.

• Tuesday, July 30th 2013 - 03:07 UTC

  Uruguay needs ‘a dollar at 25 Pesos’ if it wants to remain competitive warn economists

  

  Uruguay is too expensive in dollar terms and needs to adapt quickly because the adjustment will come anyway ‘and will be painful’ unless inflation is brought under control and costs equilibrium is reached with Brazil with a competitive dollar at 25 Pesos.