Tag: Currency
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Trump says a weaker dollar is good for the U.S. — is he right?
Introduction: A political claim with economic consequences President Donald Trump has repeatedly praised a weaker U.S. dollar, arguing that a cheaper currency helps American exporters and boosts economic growth. As the dollar has fallen against a basket of major currencies, investors and ordinary Americans are left wondering: is a weaker dollar good for the U.S.…
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Weaker dollar: Is Trump right for the U.S. economy?
Understanding the claim: a weaker dollar helps the U.S. economy The discussion around a weaker U.S. dollar often centers on how it affects trade, inflation, and overall growth. When the dollar loses value relative to other currencies, American goods and services become cheaper for foreign buyers, and foreign goods become more expensive for U.S. shoppers.…
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Iran’s Currency Crisis and Rising Protests: What’s Driving the Rial Slide
Iran’s Rial at a Record Low intensifies public frustration The Iranian rial has slipped to fresh lows in response to mounting living costs, renewed sanctions pressures, and ongoing concerns about economic management. As the currency weakens, Iranians face higher import prices, inflation, and eroding purchasing power. The slide is not just a financial metric; it…
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Iran Currency Slump: Rial Hits New Low Amid Protests
Iran’s Rial at a New Low as Protests Reshape the Economic Narrative The Iranian currency has plunged to a fresh low, trading around 1.47 million rials per U.S. dollar in parallel markets, underscoring deepening economic strain and mounting public frustration with living costs. The sharp depreciation comes as households confront soaring prices for essentials, from…
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Pound Sterling Slumps as GBP/USD Dips on European Trading Session
Overview: Pound Sterling Reverses Early Gains The Pound Sterling faces renewed weakness against its peers, slipping from its earlier gains as the European trading session unfolds. The GBP/USD pair has retreated toward the 1.3520 level as the US Dollar rebounds after a brief dip, signaling renewed demand for the greenback among investors. This turn in…
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Redesigned US Coins Circulate Today for 250th Birthday
New Coins Mark a Milestone in American History Starting today, newly redesigned U.S. coins begin circulating as the nation marks its 250th birthday. The revamped currency package is part of a broader commemoration that honors the brave beginnings, enduring ideals, and pivotal moments in American history. The redesigned designs pair traditional symbols with new portraits…
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New US Coins Debut to Honor the Nation’s 250th Birthday
New US Coins Debut to Mark a 250-Year Milestone The United States Mint unveiled a fresh set of coins today, redesigned to celebrate the nation’s 250th birthday. The circulating pieces feature a blend of historical figures and pivotal moments that reflect the arc of American history—from the arrival of the first settlers to the early…
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Philippine Remittances Rise in October But Growth Slows: What It Means
October Remittances Signal Continued Support from Overseas Filipinos Overseas Filipino workers (OFWs) and other remitters sent more money home in October, according to data from the Bangko Sentral ng Pilipinas (BSP). The monthly cash remittance figure rose for the latest month, but the pace of growth cooled compared with September’s peak. The development underscores the…
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US Dollar in China’s Sights: Yuan-Led Push for Global Trade
China’s Currency Strategy: From Domestic Reform to Global Reach In recent months, Beijing has intensified its effort to internationalize the renminbi, aiming to reduce the world’s dependence on the US dollar. The most visible move came when China pressured BHP to settle a portion of its iron ore sales in yuan, a dramatic demonstration that…
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Peso slumps to fresh record low of P59.17 per $1 amid dollar strength and political jitters
Philippine peso hits a new record low as dollar strength dominates The Philippine peso weakened for a second consecutive trading day, puncturing a fresh record low at around P59.17 per $1. The slide underscored ongoing concerns about political noise and the broad strength of the US dollar against most major currencies. Traders described the move…