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Currency Trends in Emerging Countries: Jan-May 2019 (Monthly Report)

2019-06-03 20:26:12| EmergingTextiles.com

Most currencies of low-income countries have dropped against the US dollar in May, with the Chinese renminbi falling 2.5% and the Pak. rupee even plunging by 4.5%. No less importantly, the pound has lost nearly 3% over current Brexit anxieties whereas the euro was staying at a very low level. With the Trump adiministration possibly raising import tariffs in coming weeks, the global textile supply chain should continue suffering in the months ahead. Our monthly statistical report covers the past two years and displays a comprehensive view of currency values against the US dollar but also v. the euro, the British pound, the Indian and Pak rupees, and the Chinese renminbi over a 2-year period.

Tags: report monthly countries trends

 

Facebook plans to launch 'GlobalCoin' currency in 2020

2019-05-24 01:00:35| BBC News | Business | UK Edition

The social media giant is planning to set up a crypto-currency in around 12 countries by early 2020.

Tags: plans currency launch facebook

 
 

EU fines banks 1bn for currency rigging

2019-05-16 12:42:11| BBC News | Business | UK Edition

The European Commission fines five banks a total of 1.07bn for forming cartels to rig currency trading.

Tags: currency banks fines rigging

 

Currency Trends in Emerging Countries: Jan-Apr 2019 (Monthly Report)

2019-05-08 18:26:23| EmergingTextiles.com

Currency values have remained very stable in April, with most of them slightly dropping against the US dollar, as a clear sign of the strength of the American economy. The Turkish lira has however experienced a new crisis, sharply falling against the euro and even more dropping against a recovering pound, and therefore boosting sales to the European Union. Our monthly statistical report covers the past two years and displays a comprehensive view of currency values against the US dollar but also v. the euro, the British pound, the Indian and Pak rupees, and the Chinese renminbi over a 2-year period.

Tags: report monthly countries trends

 

Currency Trends in Emerging Countries: Jan-Apr 2019 (Monthly Report)

2019-05-06 19:27:03| EmergingTextiles.com

Currency values have remained very stable in April, with most of them slightly dropping against the US dollar, as a clear sign of the strength of the American economy. The Turkish lira has however experienced a new crisis, sharply falling against the euro and even more dropping against a recovering pound, and therefore boosting sales to the European Union. Our monthly statistical report covers the past two years and displays a comprehensive view of currency values against the US dollar but also v. the euro, the British pound, the Indian and Pak rupees, and the Chinese renminbi over a 2-year period.

Tags: report monthly countries trends

 

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