Tumgik
#us dollar / russian ruble fx spot rate
reportwire · 2 years
Text
G-7 nations to announce import ban on Russian gold
G-7 nations to announce import ban on Russian gold
The move would add to a series of punitive penalties imposed by the West on Russia since its onslaught of Ukraine began on Feb. 24. Maxim Shemetov | Reuters The leaders of the G-7 nations will announce a ban on Russian gold imports for Moscow’s unprovoked invasion of Ukraine, U.S. President Joe Biden confirmed on Sunday morning. As the leaders met in Munich, Germany, for the latest G-7 summit,…
View On WordPress
0 notes
Video
Tumblr media Tumblr media Tumblr media
Dollar To Russian Ruble Coins Exchange T-shirt It is an excellent t-shirt design. This design is made just for you. It is through this design that your beauty is enhanced in many ways. Wherever you take it, you will be loved. Your confidence will increase many times. So I think this design is logical for your liking. buy now: https://www.teechip.com/dollartorussianrublecoinsexchanget-shirt
0 notes
addanarticle · 2 years
Text
Sanctions could hurt the multibillion-dollar crypto industry
Sanctions could hurt the multibillion-dollar crypto industry
Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country’s unprovoked invasion of Ukraine could hamper the growth of its multibillion-dollar crypto sector, according to experts. This week, US officials targeted Russian bitcoin mining firm BitRiver in its…
Tumblr media
View On WordPress
4 notes · View notes
sarcasticcynic · 4 years
Link
And you just know Trump is screaming furiously at someone, “Why can’t I do that here!? Find a way!” (After all, he already tried to fire Nancy Pelosi...)
3 notes · View notes
Photo
Tumblr media
Emerging market central banks face dilemma as oil plunges: Analyst Investors observe stock market at an exchange hall on January 6, 2016 in Beijing, China. VCG | Getty Images…
0 notes
nilnews4 · 4 years
Text
Central banks in emerging markets face a 'dilemma' after oil prices plunge, says analyst
Central banks in emerging markets face a ‘dilemma’ after oil prices plunge, says analyst
Investors observe stock market at an exchange hall on January 6, 2016 in Beijing, China.
VCG | Getty Images
The plunge in oil prices has hit many emerging market currencies — and their central banks now face a “policy dilemma” of how to support their respective economies amid an expected slowdown in growth, an analyst said on Monday.
“Central banks across emerging markets are, on the one…
View On WordPress
0 notes
mrhfz90 · 4 years
Text
Central banks in emerging markets face a 'dilemma' after oil prices plunge, says analyst
Central banks in emerging markets face a ‘dilemma’ after oil prices plunge, says analyst
[ad_1]
Investors observe stock market at an exchange hall on January 6, 2016 in Beijing, China.
VCG | Getty Images
The plunge in oil prices has hit many emerging market currencies — and their central banks now face a “policy dilemma” of how to support their respective economies amid an expected slowdown in growth, an analyst said on Monday.
“Central banks across emerging markets are, on…
View On WordPress
0 notes
Quote
Spot Transactions A spot transaction is a two-day delivery transaction (except in the case of trades between the US dollar, Canadian dollar, Turkish lira, euro and Russian ruble, which settle the next business day), as opposed to the futures contracts, which are usually three months. This trade represents a “direct exchange” between two currencies, has the shortest time frame, involves cash rather than a contract, and interest is not included in the agreed-upon transaction. Spot trading is one of the most common types of forex trading. Often, a forex broker will charge a small fee to the client to roll-over the expiring transaction into a new identical transaction for a continuation of the trade. This roll-over fee is known as the "swap" fee. Forward Transactions One way to deal with the foreign exchange risk is to engage in a forward transaction. In this transaction, money does not actually change hands until some agreed upon future date. A buyer and seller agree on an exchange rate for any date in the future, and the transaction occurs on that date, regardless of what the market rates are then. The duration of the trade can be one day, a few days, months or years. Usually the date is decided by both parties. Then the forward contract is negotiated and agreed upon by both parties. Non-deliverable forward (NDF) Forex banks, ECNs, and prime brokers offer NDF contracts, which are derivatives that have no real deliver-ability. NDFs are popular for currencies with restrictions such as the Argentinian peso. In fact, a forex hedger can only hedge such risks with NDFs, as currencies such as the Argentinian peso cannot be traded on open markets like major currencies. Swap The most common type of forward transaction is the foreign exchange swap. In a swap, two parties exchange currencies for a certain length of time and agree to reverse the transaction at a later date. These are not standardized contracts and are not traded through an exchange. A deposit is often required in order to hold the position open until the transaction is completed. Futures Futures are standardized forward contracts and are usually traded on an exchange created for this purpose. The average contract length is roughly 3 months. Futures contracts are usually inclusive of any interest amounts. Currency futures contracts are contracts specifying a standard volume of a particular currency to be exchanged on a specific settlement date. Thus the currency futures contracts are similar to forward contracts in terms of their obligation, but differ from forward contracts in the way they are traded. In addition, Futures are daily settled removing credit risk that exist in Forwards. They are commonly used by MNCs to hedge their currency positions. In addition they are traded by speculators who hope to capitalize on their expectations of exchange rate movements. Option A foreign exchange option (commonly shortened to just FX option) is a derivative where the owner has the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. The FX options market is the deepest, largest and most liquid market for options of any kind in the world. Speculation Controversy about currency speculators and their effect on currency devaluations and national economies recurs regularly. Economists, such as Milton Friedman, have argued that speculators ultimately are a stabilizing influence on the market, and that stabilizing speculation performs the important function of providing a market for hedgers and transferring risk from those people who don't wish to bear it, to those who do. Other economists, such as Joseph Stiglitz, consider this argument to be based more on politics and a free market philosophy than on economics. Large hedge funds and other well capitalized "position traders" are the main professional speculators. According to some economists, individual traders could act as "noise traders" and have a more destabilizing role than larger and better informed actors. Currency speculation is considered a highly suspect activity in many countries. While investment in traditional financial instruments like bonds or stocks often is considered to contribute positively to economic growth by providing capital, currency speculation does not; according to this view, it is simply gambling that often interferes with economic policy. For example, in 1992, currency speculation forced Sweden's central bank, the Riksbank, to raise interest rates for a few days to 500% per annum, and later to devalue the krona. Mahathir Mohamad, one of the former Prime Ministers of Malaysia, is one well-known proponent of this view. He blamed the devaluation of the Malaysian ringgit in 1997 on George Soros and other speculators. Gregory Millman reports on an opposing view, comparing speculators to "vigilantes" who simply help "enforce" international agreements and anticipate the effects of basic economic "laws" in order to profit. In this view, countries may develop unsustainable economic bubbles or otherwise mishandle their national economies, and foreign exchange speculators made the inevitable collapse happen sooner. A relatively quick collapse might even be preferable to continued economic mishandling, followed by an eventual, larger, collapse. Mahathir Mohamad and other critics of speculation are viewed as trying to deflect the blame from themselves for having caused the unsustainable economic conditions. Risk aversion Risk aversion is a kind of trading behavior exhibited by the foreign exchange market when a potentially adverse event happens which may affect market conditions. This behavior is caused when risk averse traders liquidate their positions in risky assets and shift the funds to less risky assets due to uncertainty. In the context of the foreign exchange market, traders liquidate their positions in various currencies to take up positions in safe-haven currencies, such as the US dollar. Sometimes, the choice of a safe haven currency is more of a choice based on prevailing sentiments rather than one of economic statistics. An example would be the financial crisis of 2008. The value of equities across the world fell while the US dollar strengthened. This happened despite the strong focus of the crisis in the US. Carry trade Currency carry trade refers to the act of borrowing one currency that has a low interest rate in order to purchase another with a higher interest rate. A large difference in rates can be highly profitable for the trader, especially if high leverage is used. However, with all levered investments this is a double edged sword, and large exchange rate price fluctuations can suddenly swing trades into huge losses.
http://points4study.blogspot.com/2019/12/financial-instruments.html
0 notes
reportwire · 2 years
Text
Russia is now exposed to a historic debt default: Here's what happens next
Russia is now exposed to a historic debt default: Here’s what happens next
Russian President Vladimir Putin attends the Collective Security Treaty Organization (CSTO) summit at the Kremlin in Moscow, Russia May 16, 2022. Sergei Guneev | Sputnik | via Reuters The U.S. has announced that it will not extend an exemption permitting Moscow to pay foreign debt to American investors in U.S. dollars, potentially forcing Russia into default. Up until Wednesday, the U.S.…
View On WordPress
0 notes
swedna · 6 years
Link
The dollar’s run is ending, and it’s time to return to emerging market currencies after their two-month slump, according to AMP Capital Investors Ltd.
The advance in Treasury yields across the curve will probably stall from here, while US-China trade tensions will turn from being dollar positive to negative, said Nader Naeimi, who runs AMP’s $1.2 billion Dynamic Markets Fund and has begun shorting the greenback. In contrast, the selldown of emerging markets has resulted in a buying opportunity for some of their currencies given their healthy economies, he said.
“Step one was to close all our shorts entirely on our emerging market currencies -- we’d previously had shorts on the Turkish lira, Russian ruble, Thai baht, Mexican peso,” Sydney-based Naeimi said. “Now we’re getting ready to buy some EM currencies.”
The $142 billion asset manager’s shift comes as interest rate increases from Turkey to Indonesia and the Philippines slow capital outflows and support emerging market currencies, even as Italy’s political turmoil dented investor confidence over the pace of hikes by the Federal Reserve. The Bloomberg Dollar Spot Index has advanced about 4 percent in the past two months, driven by higher Treasury yields.
Gains in two-year Treasury yields, which in May touched the highest since 2008, are probably limited given their spread above Fed Funds effective rate, according to AMP. Meanwhile, US President Donald Trump’s back-and-forth on Chinese trade has undermined his negotiating position, Naeimi said.
On Thursday, the Trump administration announced it’s imposing steel and aluminium duties on the European Union, Canada and Mexico, after refusing their calls for permanent exemptions.
Asia Favored
Asian currencies such as the Indian rupee and Indonesian rupiah, which have been sold off, are favoured, according to Naeimi. Brazil’s real will benefit from stronger commodity prices as the global economy continues to grow, he said.
Even Malaysia, where the opposition is in charge for the first time in six decades, is enticing. “There’s political issues there, sure,” Naeimi said. “But the ringgit’s selloff is presenting opportunities.”
AMP is not alone holding a bullish view on emerging markets. Morgan Stanley sees an opportunity for investors to go long the Korean won, rupiah, lira and Chilean peso, according to a note Thursday from strategists including Hans Redeker.
“The EM policy response to the USD rally, including rate hikes, fiscal measures, and intervention, has made EM FX relatively more attractive,” they said.
0 notes
reportwire · 2 years
Text
Russia stokes fears of first foreign currency default in more than a century
Russia stokes fears of first foreign currency default in more than a century
A view of the Moscow Kremlin and St Basil’s Cathedral. Mikhail Japaridze | TASS | Getty Images Russian Finance Minister Anton Siluanov said Wednesday it is up to the U.S. to decide whether crucial interest payments on two dollar-denominated eurobonds go through, stoking fears of Moscow’s first foreign currency debt default in over a century. “The possibility or impossibility of fulfilling our…
View On WordPress
0 notes
reportwire · 2 years
Text
How much can — and will — China help Russia as its economy crumbles?
How much can — and will — China help Russia as its economy crumbles?
Russia’s President Vladimir Putin (R) shakes hands with his China’s counterpart Xi Jinping during a signing ceremony following the Russian-Chinese talks on the sidelines of the Eastern Economic Forum in Vladivostok on September 11, 2018.  Sergei Chriikov | AFP | Getty Images Sanctions, asset freezes and withdrawals of international companies are hammering the Russian economy in response to…
View On WordPress
0 notes
reportwire · 2 years
Text
Here's what you need to know
Here’s what you need to know
Russian President Vladimir Putin attends a meeting with government members via a video link in Moscow, Russia March 10, 2022. Mikhail Klimentyev | Sputnik | Reuters Russia could be about to default on its foreign currency debts for the first time in decades, likely beginning a drawn out wrangling process with international bodies. International sanctions on the Central Bank of Russia in response…
View On WordPress
0 notes
reportwire · 2 years
Text
Russian stock analyst drinks to death of the stock market on live TV
Russian stock analyst drinks to death of the stock market on live TV
A man views a digital board showing Russian rouble exchange rates against the euro and the US dollar outside a currency exchange office. On March 2, 2022, the Russian rouble hit record lows with the US dollar and the euro rates reaching 110 and 122 at the Moscow Exchange respectively. Mikhail Metzel | TASS | Getty Images A Russian stock market analyst pulled out a bottle and drank to the death…
View On WordPress
0 notes
reportwire · 2 years
Text
Russia central bank hikes interest rates to 20% to bolster ruble
Russia central bank hikes interest rates to 20% to bolster ruble
Russia’s central bank in Moscow. Gavriil Grigorov | TASS | Getty Images Russia’s central bank on Monday more than doubled the country’s key interest rate from 9.5% to 20% as its currency, the ruble, hit a record low against the dollar on the back of a slew of new sanctions and penalties imposed on Russia by Europe and the U.S. for its invasion of Ukraine. The rate hike, the central bank said,…
View On WordPress
0 notes
reportwire · 2 years
Text
Russian assets tank, leading global market sell-off after Putin acts
Russian assets tank, leading global market sell-off after Putin acts
A child is seen inside a bus arranged to evacuate local residents, in the rebel-controlled city of Donetsk, Ukraine February 18, 2022. Alexander Ermochenko | Reuters Sanctions expected It comes after Putin announced Monday evening that he would recognize the independence of Donetsk and Luhansk and signed a decree calling for forces to enter the two enclaves of the Donbas partially held by…
View On WordPress
0 notes