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Currency Archive
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Zimbabwe Introduces New Currency, Angering Everyone
Posted on May 6, 2016 | No CommentsA new currency printed by Zimbabwe’s central bank to ease a cash shortage has drawn scorn from critics attacking it as signaling a return to the hated local dollar, abandoned seven years ago as inflation spiraled to 500 billion percent. -
Malaysian Currency Takes Down the Mighty Yen in 2016 Gain: Chart
Posted on April 14, 2016 | No CommentsMalaysia’s ringgit has rebounded from a horror start in the first half of January to overtake the yen as Asia’s top performer in 2016, buoyed by a recovery in oil prices and a cooling off in political risk. -
Ringgit Jumps Most Since 1973 to Defy Bears as Oil Eclipses 1MDB
Posted on March 31, 2016 | No CommentsMalaysia’s oil exports have turned the ringgit into Asia’s best-performing currency even as analysts say it’s the least attractive. -
Egypt Said to Consider Tighter Regulations on Currency Bureaus
Posted on March 21, 2016 | No CommentsEgypt’s central bank is weighing tougher regulations on foreign-exchange dealers, part of a broader effort to crack down on the black market and to end a hard currency shortage that’s impeding economic growth. -
Signs Are Flashing That Dollar Plunge Has Gone Too Far, Too Fast
Posted on March 19, 2016 | No CommentsThe dollar’s third straight weekly decline is triggering signals that U.S. currency weakness may be overdone. The greenback has gone from beating its major peers last year to losses against every one of those currencies this month. -
Ringgit continues rise to RM4.039 against the dollar
Posted on March 18, 2016 | No CommentsThe ringgit continued the uptrend momentum at opening today as traders trimmed dollar positions on a bearish outlook for US interest rate hikes, dealers said. -
A slowing Malaysian economy
Posted on March 7, 2016 | No CommentsBusinesses and consumers remain wary of the economic outlook, judging from the money supply gauges of M3, also known as broad money, and M1, a narrower definition, used to measure the amount of money circulating in the economy. What is interesting to note is that M3 has shrunk by more than 86% over a span of four years. -
It’s Getting Harder for Currency Traders to Make Money, Market Veteran Says
Posted on February 29, 2016 | No CommentsThe $5.3-trillion currency market is getting harder for traders to make money in as price changes that once took months or weeks now happen more quickly, says Hugh Killen, Westpac Banking Corp.’s head of trading for foreign exchange, fixed income and commodities. -
Ringgit opens lower against US$ Monday Feb 29
Posted on February 29, 2016 | No CommentsThe ringgit opened lower against the US dollar Monday morning on weak demand for the local unit, dealers said. -
From worst to among strongest: Ringgit’s remarkable turnaround
Posted on February 22, 2016 | No CommentsUOB Malaysia economist Julia Goh said the Ringgit has turned around from being among the worst performing currencies to be one of strongest performers against the US dollar.