NEW YORK – The recent sharp depreciation of the US dollar has led to concerns that it may lose its role as the main global reserve currency. After all, in addition to the US Federal Reserve’s aggressive monetary easing—which threatens to debase the world’s key fiat currency even further—gold prices and inflation expectations have also been rising.
LONDON/BEIJING, Aug 15: China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.
TOKYO, Oct 18: Asian stocks were capped and the dollar rose to a one week-high in early Thursday trade after the minutes of the Federal Reserve’s latest meeting showed broad agreement among board members on the need to raise borrowing costs further.
KATHMANDU, Oct 7; The Nepali rupee has been in a free-fall against the US Dollar since the last few weeks, in line with the collapse of the Indian rupee. The domestic currency fell further to a new low of Rs 118.33 per US dollar on Saturday, from Rs 118.03 on Friday.
TOKYO, Oct 5: The dollar stood tall on Friday against its major peers, including the yen and euro, as investors evaluated the impact of a two-day global government bond rout that has lifted U.S. Treasury yields to seven-year highs.
KATHMANDU, Sept 19: Rupee is showing no sign of a significant recovery as the value of local unit against the US Dollar nosedived to a record low of Rs 117.07 on Wednesday, according to a reference rate set by the Nepal Rastra Bank (NRB).
Sept 16: The U.S. Dollar was pressured most of the week by a pair of weaker-than-expected inflation reports and the news that the U.S. had extended an invitation to China to renew trade talks. However, it was able to recover some of its losses on Friday on the back of upbeat U.S. economic data, higher Treasury yields and reports that Trump administration was getting ready to impose new tariffs.
KATHMANDU, Aug 31: The value of Nepali rupee against the US dollar has plunged to a new low. The rupee fell to 113.49 against the US dollar, according to the exchange rate fixed by Nepal Rastra Bank (NRB) for Friday. The rate was Rs 113.25 on Thursday.
KREMLIN, July 28: Washington's use of payment systems for political purposes undermines the US dollar as a global currency, said Russian President Vladimir Putin at the BRICS Summit in South Africa.Putin added that Russia has no intention of getting rid of the US dollar, as the currency is widely used in international trade and business.
MOSCOW, June 24: The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told. Holding physical gold is definitely the best hedge against a crash of any paper currency, and therefore also against a crash of the USD.
We all live in a world where self-esteem is proportionate to skin color. White skinned individuals are considered superior to dark-skinned people, resulting in physical and mental abuse towards the colored people.
LONDON, June 12: World stocks crept higher on Tuesday while the dollar turned negative after hitting a three-week high at the end of a U.S.-North Korea summit aimed at the denuclearization of the Korean peninsula.
The dollar nudged up to a six-month high in early Asian trading on Monday, as investors continued to back bets that the administration of President-elect Donald Trump would embark on expansionary fiscal policies and boost growth.
HONG KONG, Sept 6: Asian markets extended gains Tuesday on diminishing prospects of a US interest rate rise this month, while the dollar also gained against the yen after Japan's central bank chief pledged fresh stimulus if needed.
KATHMANDU, Aug 26: After losing value early in the week, the Nepali rupee gained 3 paisa against the US dollar this week as the Indian currency, with which the rupee is pegged to, gained in value against the greenback.
KATHMANDU, July 5: A $40 million nutrition project titled ‘Community Action for Nutrition Project: Sunaula Hajar Din (Golden Thousand Days)’ has been widely criticized for being ineffective in delivering results as per its set target.
Nepali rupee gained 66 paisa against US dollar this week as the Indian currency, with which rupee is pegged, appreciated against the greenback. Gold price, on the other hand, remained unchanged over the week at Rs 50,155 per 10 grams.