Brazil and Argentina to begin preparations for common currency
© Reuters. (Reuters) – Brazil and Argentina will announce this week that they are starting preparatory work on a common currency, the Financial Times reported on Sunday. The plan, set to be discussed at a summit in Buenos Aires this week, will focus on how a new currency which Brazil suggests calling the “sur” (south) […]
Iranian currency falls to record low amid isolation and sanctions By Reuters
© Reuters. FILE PHOTO: A currency dealer poses for a photo with a U.S one dollar bill and the amount being given when converting it into Iranian rials in an exchange shop in Tehran, Iran December 25, 2022. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS DUBAI (Reuters) – Iran’s troubled currency fell to a […]
3,600-year-old Silver Pieces Confirmed As First Money Used in the Levant
In a fascinating new study has found that dozens of silver pieces found during excavations in Israel and the Gaza Strip were actually used as currency in ancient times. Since the silver pieces were likely made and put into circulation sometime between 1,700 and 1,600 BC, in the Middle Bronze Age, this would make them […]
Brazil currency trims losses after initial shock from capital riots By Reuters
© Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro, Brazil, in this September 10, 2015 photo illustration. REUTERS/Ricardo Moraes By Susan Mathew and Shreyashi Sanyal (Reuters) -Brazil’s currency fell on Monday but was off its session low after supporters of former President Jair […]
Argentina and China formalize currency swap deal By Reuters
© Reuters. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration BUENOS AIRES (Reuters) – Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday. Argentina’s […]
Currency Strength Analysis for Better Forex Trades on SmartTrader
Reading the strength of a currency can be a useful tool for Forex traders. It can help them predict which direction a currency will move in the future. In this article, we discuss how to analyze currency strength on your SmartTrader trading platform. Tad DeVan is a Senior Forex Analyst for Market Traders Institute and […]