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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Record losses of currencies dominate the most important global events today

    Rocky
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    • Post n°1

    Record losses of currencies dominate the most important global events today Empty Record losses of currencies dominate the most important global events today

    Post by Rocky Tue 10 Apr 2018, 3:50 am

    Record losses of currencies dominate the most important global events today





    2018/04/10 00:24

    (Encyclopedia of this Day News | Iraq News ) - From - Sally Ismail:

    Mubasher: Record losses of currencies in advanced economies as well as emerging despite the different reasons was the most prominent event in the global markets by the end of trading Monday.

    In addition to anticipating trade developments, another crisis has emerged between the larger economy around the world and the White Bear country over US sanctions and Russian reprisals.

    European Central Bank President Mario Draghi's annual report also formed part of the key indicators after revealing the Bank's policy direction on monetary policy and the quantitative easing program based on economic indicators for 2017.

    Currency losses

    Some of the currencies experienced record losses during the day, starting from the currency of the largest economy around the world as well as emerging market currencies.

    Looking ahead, the greenback has fallen against most major currencies after rising in morning trade to drop the greenback's main index below $ 90, while Deutsche Bank considered Trump's policy to weaken the dollar.

    The Turkish lira continues to fall to record lows against the dollar and the euro, coinciding with President Tayyip Erdogan's insistence on interest rate cuts to save investors.

    Iran's domestic currency also fell against the dollar to a record low for a second time in about two months amid geopolitical concerns surrounding Iran's nuclear deal and the prospect of a US withdrawal.

    Iranian President Hassan Rowhani threatened the United States that it would regret it if it withdrew from the nuclear deal.

    In the White Bear, the Russian ruble fell sharply during today's trading against the US dollar due to US sanctions against Russian individuals, officials and figures.

    US - Russian crisis

    "Unacceptable and illegitimate," Russia described the US sanctions imposed on it by Russia's intervention in the 2016 presidential election in the United States.

    Russian Prime Minister Dmitry Medvedev stressed that his country reserves the right to retaliate, referring to the retaliatory measures it intends to take.

    The administration of President Donald Trump imposed sanctions by the end of last week against 7 wealthy Russians and 12 companies in addition to 17 senior Russian officials in connection with President Vladimir Putin.

    Against the backdrop of the volatile situation between Washington and Moscow, Russia's local currency has fallen "ruble" and Russian stock markets have seen a sharp decline in trading.

    In contrast, the price of aluminum metal rose to a one-month high because of US sanctions that included Russell as one of the largest metal producers around the world.

    Performance of global markets

    In equity markets and despite warnings of a sell-off in global equities, bourses managed to close within the green range in the first week of the week.

    US stock indexes ended the session on a rally rally, though it trimmed part of its gains on the back of the Federal Bureau of Investigation (FBI) raid of Tramp's personal lawyer and European stock indexes rose.

    As the yen fell, Japanese equity indexes rose at the close of the week in a bid to recover from trade concerns.

    In parallel, gold turned higher when today's session settled with the dollar falling, while US crude rose more than 2% at closing on the back of geopolitical tensions.

    Business developments

    In a move that is the latest to raise trade concerns among the world's biggest economists, US President Donald Trump criticized tariffs on car imports between the United States and China.

    While China revealed that it is impossible to negotiate with Washington under the current circumstances, considering the United States is responsible for trade frictions.


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