It's what is known in the markets as a "tail risk": a highly unlikely scenario in which Hong Kong's currency peg suddenly snaps. Billionaire money manager Bill Ackman went public last month with his wager that the days of the Hong Kong dollar's 39-year-old peg to the U.S. dollar are numbered.
Gold prices edged up on Monday and hovered near the key $1,800-level, as a softer U.S. dollar made the greenback-priced bullion cheaper for buyers holding other currencies. FUNDAMENTALS. * Spot gold rose 0.1% to $1,800.02 per ounce as of 0027 GMT.
It's what is known in the markets as a "tail risk": a highly unlikely scenario in which Hong Kong's currency peg suddenly snaps. Billionaire money manager Bill Ackman went public last week with his wager that the days of the Hong Kong dollar's 39-year-old peg to the U.S. dollar are numbered.
It's what is known in the markets as a "tail risk": a highly unlikely scenario in which Hong Kong's currency peg suddenly snaps. Billionaire money manager Bill Ackman went public last week with his wager that the days of the Hong Kong dollar's 39-year-old peg to the U.S. dollar are numbered.
The anti-establishment candidate for Nigeria's presidency will reform its system of costly subsidies and unify the local naira currency's multiple exchange rates if elected in February, his manifesto released on Sunday showed.
Latin American currencies fell on
Friday after a stronger-than-expected reading on U.S. employment
raised concerns about a hawkish Federal Reserve, while South
Africa's rand rebounded a day ...
Speculators cut their net short U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position was $938 million in the week ended Nov. 29, compared with a net short of $1.82 billion the previous week.
The dollar dipped on Friday
as a Federal Reserve official said rate hikes are likely to slow
and as investors took profits from earlier gains after jobs data
and wage inflation were surprisingly ...
* Canadian dollar weakens 0.4% against the greenback. * For the week, the loonie was down 0.8% * Canada adds 10,100 jobs in November. * Canadian bond yields ease across curve. By Fergal Smith.
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