Iranian police clamped down on foreign-exchange offices while the central bank introduced new measures to encourage bank deposits, as a rial depreciation threatens to push up prices amid growing discontent. The rial reportedly fell to a record low of 50,000 to the dollar during unregulated trading …
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As the funds are invested, the primary foreign exchange transaction is the sale of the dollar in exchange for local currency. The increased supply, then sale pushes the price of the greenback lower. The dollar had briefly jumped on Wednesday after data showed U.S. inflation was stronger than expected …
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The U.S. currency later pared some of its losses and was last down 0.4 percent at 106.56 yen. “There's nothing specific, it's just a continuation of dollar selling that we've seen everywhere overnight, said Tareck Horchani, head of sales trading in Asia Pacific for Saxo Markets in Singapore. Traders and …
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Well, South Korea is becoming an area of opening to the world for China's FX liquidity. South Korea and China launched a direct exchange market for their currencies in December 2014, meaning that Yuan can be exchanged directly and then traded in other currencies and against other currencies by …
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