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MercoPress, en Español

Montevideo, November 21st 2024 - 23:12 UTC

Tag: US dollar

  • Wednesday, May 9th 2018 - 07:10 UTC

    Latin American (and global) currencies hit by strong dollar and Trump's policies

    The market’s attention was on President Donald Trump’s decision to withdraw from the international nuclear agreement with Iran, a deal which eased economic

    The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply.

  • Monday, May 7th 2018 - 08:29 UTC

    Argentina and China among the most vulnerable markets, says IIF

    Experts reevaluated potential changes in investors’ interest in assets amidst the strengthening of the U.S. dollar, growth of interest rates and trade disputes.

    The markets of China, Ukraine, Argentina, South Africa and Turkey are the most vulnerable among all developing countries in terms of financing needs, reserve adequacy, asset valuation, institutional quality and trade resilience, according to a review by the analysts of the Institute of International Finance (IIF).

  • Friday, May 4th 2018 - 09:00 UTC

    Argentine Peso tumbles 7.83% to US dollar; central bank raises rate to 33.25%

    The Peso tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 (23,5 in some banks) to the greenback on Wednesday. The central bank hiked the rate to 30.25% from 27.25% on Friday.

    Argentina’s central bank raised its benchmark interest rate by 300 basis points to 33.25% percent on Thursday, but the second steep rate increase in less than a week failed to stop the country’s peso currency from swooning to a record low. The local currency tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 to the greenback on Wednesday, the first trading day due to a holiday after the bank hiked the rate to 30.25% from 27.25% on Friday.

  • Monday, April 2nd 2018 - 08:50 UTC

    China preparing to begin paying for imported oil with the Yuan

    Oil is the world's most traded commodity, with an annual trade value of around US$14 trillion, roughly equivalent to China's gross domestic product last year.

    China is taking its first steps towards paying for imported crude oil in Yuan instead of the U.S. dollar, according to Reuters, a key development in Beijing's efforts to establish its currency internationally.

  • Thursday, January 25th 2018 - 10:03 UTC

    Treasury Secretary tells Davos US welcomes a weakening dollar

    Mnuchin’s comments provided fresh trigger for dollar selling and raised questions if a weaker US currency could provide a long-term impetus for the economy.

    The U.S. dollar extended its recent rout to hit three-year lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark at the annual Davos summit of business and political leaders pushed it down further.

  • Wednesday, July 5th 2017 - 01:15 UTC

    Macri tries to calm down Argentines as US dollar goes up

    Macri also said that fluctuations in the exchange rate are part of the ”supply and demand flows.

    Argentine President Mauricio Macri Tuesday said Argentines should “not worry about the dollar,” as the US currency rose 13 cents, closing at AR$ 17.18. It will “benefit regional economies and job creation,” he added during a radio interview.

  • Wednesday, January 11th 2017 - 07:32 UTC

    Pound continued to slump on Tuesday; Dollar recoups waiting for Trump's media conference

    The pound continues to probe the downside as PM Theresa May's plans for Brexit come under increasing scrutiny.

    The British Pound slumped lower on ongoing Brexit worries on Tuesday, while the US Dollar recouped some of its recent losses as investors wait for President-elect Donald Trump's first press conference Wednesday. While Trump's Twitter account has been active since he won the keys to the White House and given clues to his policies, Wednesday's press conference will give Trump the platform to explain his tax and spending plans.

  • Thursday, August 13th 2015 - 06:17 UTC

    For third consecutive day China weakens the Yuan against the US dollar

    The PBoC set the Yuan fixing at 6.4010, compared to the previous day's close of 6.3870, sending the currency 0.7% lower to 6.43 per dollar in early trade.

    The People's Bank of China (PBoC) weakened the Yuan against the dollar for a third consecutive day on Thursday, following reports the central bank intervened to stem the currency's sharp slide late on Wednesday. The PBoC set the Yuan fixing at 6.4010, compared to the previous day's close of 6.3870, sending the currency 0.7% lower to 6.43 per dollar in early trade.

  • Tuesday, March 3rd 2015 - 06:24 UTC

    Dollar on Monday at an eleven year peak against major currencies

    The dollar has been steadily rising, largely because the US economic outlook is stronger than those of other big countries

    The dollar rose on Monday against major currencies touching an 11-year peak. The Euro, which has been in an extended slump, had been up by as much as a third of a percent against the dollar but surrendered gains and traded near unchanged at just under $1.12.

  • Wednesday, November 19th 2014 - 07:19 UTC

    Short of dollars, Argentina appeals to China's Yuan to boost reserves

    The Argentine Central bank transferred the equivalent of 508 million dollars in pesos to China’s Central Bank in order to receive the same amount in Yuan.

    The Argentine Central Bank received this week the second part of a multi-billion dollar currency swap with China’s Central Bank, worth the equivalent of 508 million dollars. The swap allowed Argentina to bolster its foreign reserves, which rose 506 million and closed at 28.785 billion dollars.