Inflation Pushes Egg Prices Higher Than Ground Beef
The price of a dozen eggs in the US exceeded the cost of a pound of ground beef. A global bird flu that has wiped out about 100 million poultry and high production costs have pushed the price of a carton of twelve eggs to a record $4.82 in January, up from less than $2 […]
South Korea, Australia central banks renew currency swap agreement By Reuters
2/2 © Reuters. FILE PHOTO: The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016. Picture taken on March 8, 2016. REUTERS/Kim Hong-Ji/File Photo 2/2 SEOUL (Reuters) – South Korea’s central bank said it renewed on Monday a currency swap agreement with its […]
Daily Forex and Stock News – Currency – 1 February 2023
FTSE 100 Remains Under PressureEquities in London dropped for a second consecutive session on Wednesday, with the blue-chip FTSE 100 closing around the 7,760 mark, as losses among healthcare and materials offset gains in real estate. All eyes are on the US Federal Reserve’s interest rate decision to be announced later today, with markets expecting […]
Chinese PMIs and Potential Commodity Currency Recovery
With lingering questions on how much of an impact China’s reopening will have on the global economy, there’s likely to be increased focus on leading economic indicators from the country. Foremost among them are PMIs, since they are the freshest data, and give insight into economic trends. If the economy is ramping up, purchasing managers […]
Japan’s top FX diplomat warns sharp currency moves won’t be tolerated By Reuters
© Reuters. FILE PHOTO: Japan’s vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. Picture taken January 31, 2022. REUTERS/Issei Kato By Tetsushi Kajimoto TOKYO (Reuters) -Sharp one-sided currency moves cannot be tolerated, Japan’s top finance […]
Pakistani rupee falls after market maker group removes currency cap By Reuters
© Reuters. FILE PHOTO: A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – The Pakistani rupee fell by 1.2% on Wednesday after foreign exchange companies removed a cap on the currency, […]
A South American currency union? Don’t hold your breath By Reuters
© Reuters. Brazil’s President Luiz Inacio Lula da Silva sits with Argentina’s President Alberto Fernandez and Brazil’s Finance Minister Fernando Haddad, as they attend a meeting with Brazilian and Argentine business representatives, at the Casa Rosada presidential p By Rodrigo Campos NEW YORK (Reuters) – South America is not likely to have a common currency […]
Lula says Brazil and Argentina will study common currency for trade By Reuters
© Reuters. Brazil’s President Luiz Inacio Lula da Silva speaks at a bilateral agreement signing ceremony with Argentina’s President Alberto Fernandez (not pictured), during?Lula da Silva?s?first official visit abroad since his inauguration, at the Casa Rosada presid BUENOS AIRES (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday said Brazil and Argentina are […]
Explainer-What Brazil and Argentina’s ‘currency union’ really means By Reuters
© Reuters. Brazil’s President Luiz Inacio Lula da Silva and Argentina’s President Alberto Fernandez attend a bilateral agreement signing ceremony, during Lula da Silva’s first official visit abroad since his inauguration, at the Casa Rosada presidential palace in B By Marcela Ayres BRASILIA (Reuters) – Brazil and Argentina sparked some excitement on Sunday over the possibility […]
Brazil, Argentina to encourage trade, says Haddad; plays down common currency By Reuters
© Reuters. FILE PHOTO: Brazil’s new Economy Minister Fernando Haddad is seen at the Planalto Palace in Brasilia, Brazil January 5, 2023. REUTERS/Adriano Machado/File Photo By Lisandra Paraguassu BUENOS AIRES (Reuters) – Brazilian Finance Minister Fernando Haddad played down the idea of a single shared currency between Argentina and Brazil late on Sunday, saying the countries were looking […]