Foreign Exchange News Results

  • Covid-19 Vaccinations Give Shot in Arm to Israeli Stocks

    The fastest Covid-19 vaccination rollout in the world is drawing investors to Israel, making its stock market one of the top performers in 2021.. Israel's benchmark TA-125 stock index has gained nearly 6% this year in dollar terms, outperforming both the S&P 500 and the eurozone's Euro Stoxx Index. Last year, the TA-125 didn't fare as well as either of those gauges, rising just 4.3% in dollar terms.

  • China's Forex Reserves Rose for Second Straight Month in December

    BEIJING--China's foreign-exchange reserves rose for the second straight month in December amid eased capital outflow pressure. The country's hoard of foreign exchanges increased by $38.03 billion to $3.217 trillion at the end of 2020, according to data from the People's Bank of China. The result was higher than the $32 billion increase expected by seven economists polled by The Wall Street Journal.

  • China Envisions Its Digital-Currency Future, With Lotteries and a Year's Worth of Laundry

    BEIJING--The People's Bank of China on Sunday concluded its second digital-currency pilot program, as the central bank moves closer to a formal rollout that would make China the first major world economy to introduce such a system. This month, authorities in the eastern Chinese city of Suzhou handed out 20 million digital yuan, equivalent to$ 3.1 million, to local residents via a lottery. Each of the 100,000 winners received 200 yuan in the new digital currency, which could be spent...

  • U.K. Assets Fall Over Deadlocked Brexit Talks, New Lockdowns -- 2nd Update

    The British pound weakened against the dollar and U.K. stocks fell as the continuing failure to arrive at a post- Brexit trade agreement and new measures in the U.K. to curtail the spread of Covid-19 weighed on British assets. Sterling fell as much as 2.3% against the dollar in trading before recovering some of its losses, ending the day 0.5% weaker. It fell 0.4% against the euro.

  • U.K. Assets Fall Over Deadlocked Brexit Talks, New Lockdowns -- Update

    The British pound was on course for its steepest one-day fall against the U.S. dollar since the worst of March's market rout as the continuing failure to arrive at a post-Brexit trade agreement and new measures in the U.K. to curtail the spread of Covid-19 weighed on British assets. Sterling fell 1.6% against the dollar and 1.3% against the euro Monday. Over the weekend, the government imposed a fresh lockdown across London and the surrounding areas of England in the days leading up...

  • U.K. Assets Fall Over Deadlocked Brexit Talks, New Lockdowns

    The British pound was on course for its steepest one-day fall against the U.S. dollar since the worst of March's market rout as the continuing failure to arrive at a post-Brexit trade agreement and new measures in the U.K. to curtail the spread of Covid-19 weighed on British assets. Sterling fell 1.8% against the dollar and 1.1% against the euro Monday. Over the weekend, the government imposed a fresh lockdown across London and the surrounding areas of England in the days leading up...

  • U.K. Assets Fall Over Deadlocked Brexit Talks, New Lockdowns

    The British pound was on course for its steepest one-day fall against the U.S. dollar since the worst of March's market rout as the continuing failure to arrive at a post-Brexit trade agreement and new measures in the U.K. to curtail the spread of Covid-19 weighed on British assets. Sterling fell 2.2% against the dollar and 1.5% against the euro Monday. Over the weekend, the government imposed a fresh lockdown across London and the surrounding areas of England in the days leading up...

  • Treasury Designates Vietnam, Switzerland as Currency Manipulators -- 2nd Update

    Treasury Department labeled Switzerland and Vietnam as currency manipulators on Wednesday, saying the two countries had intervened in foreign-exchange markets in a persistent, one-sided manner to limit appreciations of their currencies. "The Treasury Department has taken a strong step today to safeguard economic growth and opportunity for American workers and businesses," Treasury Secretary Steven Mnuchin said in a statement. "Treasury will follow up on its findings...

  • Treasury Designates Vietnam, Switzerland as Currency Manipulators -- Update

    Treasury Department labeled Switzerland and Vietnam as currency manipulators on Wednesday, saying the two countries had intervened in foreign-exchange markets in a persistent, one-sided manner to limit appreciations of their currencies. "The Treasury Department has taken a strong step today to safeguard economic growth and opportunity for American workers and businesses," Treasury Secretary Steven Mnuchin said in a statement. "Treasury will follow up on its findings...

  • Treasury Designates Vietnam, Switzerland as Currency Manipulators

    Treasury Department labeled Switzerland and Vietnam as currency manipulators on Wednesday, saying the two countries had intervened in foreign exchange markets in a persistent, one-sided manner to limit appreciations of their currencies. "The Treasury Department has taken a strong step today to safeguard economic growth and opportunity for American workers and businesses," Secretary Steven Mnuchin said in a statement. "Treasury will follow up on its findings with respect...

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