Moscow: US by Sanctions Want to Influence Russian Situation before Presidential Election

TEHRAN (FNA)- Russia’s Deputy Foreign Minister Sergei Ryabkov said by drafting personal anti-Russian sanctions, the US is trying to influence the situation in Russia before the presidential election, as he commented on a report, in which the US is drafting a list of persons to undergo the sanctions. “By end of January, as we understand, will… Please follow and like us:

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China denies report it could halt US bond purchases

China denied on Thursday a report that it may slow or cease its purchases of US Treasury bonds, calling it a possible case of “fake news” after the dollar tumbled following the story. Bloomberg News reported Wednesday that officials reviewing China’s foreign-exchange holdings had recommended slowing or halting purchases of US Treasuries, citing people familiar with… Please follow and like us:

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Pakistan Examines Chinese Proposal to Replace Dollar with Yuan

Officials in Pakistan say a Chinese proposal to replace the U.S. dollar with yuan for bilateral trade is under consideration. Beijing has already committed to investing around $60 billion in the country by 2030 under a long-term plan of development cooperation with Islamabad, known as the China Pakistan Economic Corridor, or CPEC. Bilateral trade between the… Please follow and like us:

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Dollar suffers further losses as Fed fails to inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy. The greenback sank after the much-anticipated central bank meeting, which provided little to excite buyers, despite tentative hopes US lawmakers… Please follow and like us:

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US Economic Growth Speeds Up Slightly

The world’s largest economy shook off the impact of several hurricanes and grew a bit faster than first thought in July, August, and September. On Wednesday, U.S. government experts said the economy expanded at a 3.3 percent annual rate in the third quarter, which is three-tenths of a percent faster than their first estimate. Officials routinely… Please follow and like us:

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Capital Economics Says Gold Is Going To Fall

As the US Federal Reserve prepares for a transition on multiple levels – withdrawing addictive quantitative stimulus while engaging in wide-ranging personal shifts at the top – trends are starting to break out. While industrial metals were higher in October, precious metals were lower — and they may have further to go, particularly with regard to… Please follow and like us:

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After Bitcoin Futures Launched, Goldman Says Price Headed Higher, New Hedge Fund Launches

It wasn’t that long ago that Goldman Sachs was watching the $4,827 level on Bitcoin USD, predicting a bull market. This was before exchange heavyweight CMEGroup and Terry Duffy piled into what was declared an asset that could be “tamed.” In announcing the launch of Bitcoin futures, a move juxtaposed to that of JPMorgan’s Jamie Dimon,… Please follow and like us:

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China’s forex reserves rise for 9th straight month

BEIJING — China’s forex reserves rose for the ninth month in a row in October as pressure of capital outflow continued to ease, data from the central bank showed Tuesday. Forex reserves had amounted to $3.1092 trillion by the end of October, up $703 million from a month earlier, according to the People’s Bank of China,… Please follow and like us:

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RMB internationalization makes remarkable progress: report

BEIJING – There has been remarkable progress in global use of the renminbi (yuan), which is set to continue, according to a central bank report. “The Chinese currency has taken steady steps on its global march and the yuan’s use on the capital account has been liberalized steadily,” said a People’s Bank of China (PBOC) report.… Please follow and like us:

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Chinese yuan’s global march, a year after SDR entry

BEIJING – A year has passed since the Chinese currency renminbi, or the yuan joined the IMF Special Drawing Right (SDR) basket. While the impact of the move may appear limited, the currency has taken steady steps on its global march. On Oct 1, 2016, the RMB became the fifth currency in the basket, joining the… Please follow and like us:

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Dollar extends gains after Trump tax plan but equities struggle

The dollar edged up further in Asia on Thursday as focus turned back to the United States after Donald Trump unveiled his market-friendly tax cut plans. However, regional equities were unable to track their Wall Street counterparts higher despite a broad move back to riskier assets — as North Korea went on the backburner — with… Please follow and like us:

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Is Trump killing the dollar?

For nearly a century, the US dollar has been viewed as the financial world’s ultimate safe haven. No other currency has promised the same degree of security and liquidity for accumulated wealth. In past times of trouble, skittish investors and prudent central banks have all piled into dollar-denominated assets, not least US Treasury bonds. This may… Please follow and like us:

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British inflation jumps, pushing pound to one-year dollar high

Britain’s annual inflation rate accelerated in August, mainly on rising prices for motor fuels and clothing, official data showed on Tuesday, sending the pound to a year-high versus the dollar. The Consumer Prices Index (CPI) 12-month rate jumped to 2.9 percent in August compared to 2.6 percent in July, the Office for National Statistics said in… Please follow and like us:

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Strong euro no problem while economy grows: ECB

The European Central Bank believes its long-term support to the eurozone economy will overcome the strong euro’s braking effect on inflation, board member Benoit Coeure said Monday. Compared with previous central bank interventions, monetary policy “will remain more accommodative for longer,” Coeure told a Frankfurt conference, compensating for the impact of the euro’s appreciation. The ECB’s… Please follow and like us:

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China raises yuan rate to 16-month high as dollar sags

China raises yuan rate to 16-month high as dollar sags China raised the exchange rate for the yuan against the US dollar for the 10th consecutive session on Friday, pushing the unit to its highest level in 16 months. The People’s Bank of China (PBOC) set the value of the yuan — also known as the renminbi — at 6.5032 to the dollar, up 0.36 percent… Please follow and like us:

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