Currencies - Garner Ted Armstrong Evangelistic Association

26 Jul 2023

China state banks seen selling US dollars to prop up yuan – sources

by Reuters | posted in: Breaking News, China, News |

SHANGHAI/BEIJING, July 25 (Reuters) – China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with direct knowledge of the matter said, moves … Read More

10 Aug 2018

Turkey’s Currency Crisis: What Happened, What’s Next, Why It Matters

by Martin Baccardax | posted in: European Union, News |

Turkey’s political and economic crisis has sent its currency tumbling to a record low against the U.S. dollar Friday and unsettled investors amid fears that the contagion may spread from the small southern European economy into financial markets around the world. So … Read More