Foreign Exchange News Results

  • Kirkland Lake Gold: Strong Canadian Dollar Increased Expenses in 2Q -- Currency Comment

    Kirkland Lake Gold Ltd.' s exposure to U.S. and Australian dollars as the Canadian dollar strengthened increased the company's expenses. Here's what the gold producer had to say:. "After weakening sharply against the U.S. dollar in the first quarter of 2020, concurrent with the emergence of the Covid-19 pandemic, the Canadian and Australian dollars began strengthening against the U.S. dollar starting in the second quarter of 2020 with this trend continuing through the remainder...

  • China's Foreign Exchange Reserves Fell in June

    China's foreign exchange reserves fell $7.8 billion in June after rising for two straight months, according to data released Wednesday by the People's Bank of China. The nation's foreign exchange reserves stood at $3.214 trillion at the end of June, down from $3.222 trillion at the end of May, said the PBOC. The drop was smaller than the $22 billion decline expected by economists polled by The Wall Street Journal.

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