Foreign Exchange News Results

  • Dollar Hits Rough Patch After Strong Start to 2021

    The dollar has slipped this month as the Federal Reserve stuck to its message that it won't raise interest rates soon despite forecasts that the U.S. economy will recover faster than its peers. The greenback is down more than 1% against the currencies of its biggest trading partners so far in April. Before a slight rise Friday morning, the dollar had seen its worst seven-day losing streak since December.

  • 195;rsted A/S Ørsted Brings In Norges Bank Investment Management As A Partner In Borssele 1&2

    TIDMORSTED Today, ├śrsted has signed an agreement with Norges Bank Investment Management, who will be acquiring a 50% ownership share of ├śrsted's 752 MW Borssele 1& 2 Offshore Wind Farm, which was commissioned in the fourth quarter of 2020 and generates green power to the equivalent of one million households' annual power consumption in the Netherlands. The total value of the transaction is approx. EUR 1.375 billion which is to be paid upon closing of the transaction.

  • China's Foreign Exchange Reserves Continued Falling in March

    BEIJING--China's foreign-exchange hoard fell for the third straight month in March, according to official data released Wednesday. The People's Bank of China said the nation's foreign-exchange reserves dropped $34.96 billion to $3.170 trillion at the end of March. The result was lower than the $3.175 trillion expected by economists polled by The Wall Street Journal.

  • Central Banks Retreat From U.S. Dollar -- Update

    Among those paring U.S. dollar holdings in recent months: central banks. The dollar's share of global reserves has decreased to its lowest level since 1995, according to International Monetary Fund figures on central banks' foreign-exchange holdings released last week. The currency now stands at 59% of global reserves as of December 2020-- a 1.5 percentage point decline over the quarter.

  • Central Banks Retreat From U.S. Dollar

    Among those paring U.S. dollar holdings in recent months: central banks. The dollar's share of global reserves has decreased to its lowest level since 1995, according to International Monetary Fund figures on central banks' foreign-exchange holdings released last week. The currency now stands at 59% of global reserves as of December 2020-- a 1.5 percentage point decline over the quarter.

  • China Creates its Own Digital Currency, a First for Major Economy

    A thousand years ago, when money meant coins, China invented paper currency. Now the Chinese government is minting cash digitally, in a re-imagination of money that could shake a pillar of American power. It might seem money is already virtual, as credit cards and payment apps such as Apple Pay in the U.S. and WeChat in China eliminate the need for bills or coins.

  • Norway's Central Bank Looks Beyond Covid-19

    Norway's central bank has signaled that it plans to take the plunge by making the country the first developed nation to shift from pandemic-era policy and raise interest rates by the end of the year. The oil-rich country's central bank, Norges Bank, said Thursday that a faster-than-expected pickup in global economic activity coupled with notable growth in domestic house prices have prompted it to advance plans to boost interest rates from zero. The Norwegian krone briefly...

  • Royal Dutch Shell plc Royal Dutch Shell Plc Fourth Quarter 2020 Euro And Gbp Equivalent Dividend Payments

    TIDMRDSA TIDMRDSB The Hague, March 15, 2021- The Board of Royal Dutch Shell plc (RDS/A) today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2020 interim dividend, which was announced on February 4, 2021 at US $0.1665 per A ordinary share and B ordinary share. Dividends on A Shares will be paid, by default, in euros at the rate of EUR0.1396 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency...

  • China's Foreign-Exchange Reserves Down for Second Straight Month

    BEIJING--China's foreign-exchange hoard fell for the second straight month in February, mainly due to valuation effects, according to official data released Sunday. The People's Bank of China said the nation's foreign-exchange reserves dropped $5.68 billion to $3.205 trillion at the end of February. The result was smaller than the $10 billion fall expected by economists polled by The Wall Street Journal.

  • Brexit Isn't Stopping U.K. Borrowers From Finding Cheap Money in Europe

    Weeks after the U.K. split from the European Union, British companies are continuing to benefit from the continent's cheaper borrowing costs. The least risky U.K. corporate borrowers are raising funds by selling bonds through subsidiaries in Europe. The European Central Bank is scooping up many of those bonds as part of its 1.85 trillion euro, equivalent to $2.2 trillion, monetary stimulus program, geared toward bolstering credit markets in the single-currency zone.

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