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Investing.com – The dollar plunged further against other currencies in Asia on Friday morning as U.S. tariffs imposed on Chinese imports and China’s retaliation measures rocked investors’ confidence and sent the dollar down. A lack of data on Friday left markets exposed to sentiment swings. The U.S. dollar index that tracks the greenback against a basket of six […]
By Corina Pons and Deisy Buitrago CARACAS (Reuters) – President Nicolas Maduro said on Thursday that three zeroes would be lopped off Venezuela’s ailing currency in a revamp of the bolivar to try to combat the world’s highest inflation. The new currency, to take effect from June 4, essentially divides existing bolivars by 1,000, so […]
Investing.com – The dollar remained steady ahead of Federal Reserve new head Jerome Powell’s news conference on Wednesday, from which investors expect a rate hike this month and will find cues whether there will be three or four rate hikes this year. The U.S. dollar index that tracks the greenback against a basket of six major currencies […]