Currency - General News

[behappyalways]

These Are The Ten Most Traded Currencies With The US Dollar
https://www.zerohedge.com/economics/the ... -us-dollar

[behappyalways]

Iranian, Russian Card Payment Systems 'Officially Linked': Tehran
https://www.zerohedge.com/geopolitical/ ... ked-tehran

[behappyalways]

After Trump was elected, the U.S. dollar index hit a new high in nearly a year.
If 60% tariffs are imposed on domestic goods, will the Asian currency devaluation war begin?

川普當選美元指數創近一年新高 若對陸貨課徵60%關稅 亞洲貨幣競貶戰開打？【Yahoo TV】

https://m.youtube.com/watch?v=NQCtmWjZZtk

[behappyalways]

India abandons the de-dollar agenda, the BRICS currency will fail?!
Inflation and tariffs are two-sided, and the Trump tsunami is coming?!

印放棄去美元議程 金磚貨幣將失敗?! 通膨關稅兩面刃 川普海嘯將至?!｜20241210｜‪‪‪‪@inewsplus‬

https://m.youtube.com/watch?v=XwnKB6jLMfM

[behappyalways]

Trump Instructs Treasury Secretary To Stop Minting Pennies, Citing "Wasteful" Spending
https://www.zerohedge.com/economics/tru ... l-spending

[winston]

‘Impossible trinity’ conundrum has caused a cash crunch in Asia

Monetary authorities in China, India and elsewhere have waged a prolonged campaign against the strong US dollar, using a mix of official reserves and opaque derivatives trades to defend their currencies. But their moves have pushed up borrowing costs for local banks just when slowing economies need more liquidity.

China’s overnight and seven-day repo rates surged in February, while bond investors took losses from a sharp rise in yields.

Banking liquidity in India suffered its highest deficit in at least 14 years earlier this year and overnight borrowing costs jumped.

Liquidity also dried up in Indonesia and Malaysia following central bank currency interventions.

The impossible trinity, the idea that countries can’t simultaneously control their currencies, independently set interest rates and allow capital to move freely across borders. Something will break or give way.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... runch-asia