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Discover Latest #Devaluation News, Articles and Videos with Contenting
Devaluation is a deliberate downward adjustment of a currency's value relative to other currencies or commodities. It is typically used by countries to control the amount of money in circulation and the balance of payments deficits. It is also used to make it cheaper for domestic citizens to buy imported goods, thus increasing demand and stimulating the economy. When a currency is devalued, its value relative to other currencies decreases, meaning that the country's goods and services appear more attractive to foreign buyers. This can lead to an increase in exports, which can help to boost economic growth. On the other hand, devaluation also makes imported goods more expensive, which can lead to inflation and a decrease in purchasing power for domestic citizens.
Yen Falling Again: Devaluation Scenario Remains the Main One - Action Forex
The Japanese yen is weakening against the US dollar again. The USD/JPY pair is rising to 158.97. The currency pair is now again close to the levels when the Bank of Japan and the country's authorities conducted currency interventions. Japan's top currency diplomat, Masato Kanda, stated that the government is prepared to take measures against speculative movements of the national currency.
Milei update - Marginal REVOLUTION
Complicating the recovery is the overvalued peso, which is making the country unjustifiably expensive in dollar terms. The official exchange rate is currently set by the government, which also imposes capital controls. Almost all of the devaluation in December has been eroded (see chart 2). It involved initially devaluing the peso by over 50% and […]
USDJPY: What's Happening With JPY? Scenarios after BoJ Intervention - Action Forex
After reaching a forty-year high on July 3 at 161.95, the quotes remained consolidated with the possibility of continuing the ascent until the recent aggressive activity on Thursday, July 11, where the price broke the last relevant support of the bullish trend at 160.26, subsequently confirmed with a new low on Friday, July 12, in what can be considered two consecutive interventions by the Bank of Japan to prevent excessive currency devaluation, causing an intraday trend change of the pair.
dLocal reports robust growth amid currency volatility By Investing.com - Forex Trader Hub
In the second quarter of 2024, dLocal (DLO), a leading cross-border payment platform, reported a significant increase in total payment volume (TPV), achieving a record $6.0 billion, marking a 38% year-over-year growth. The company's growth was fueled by the addition of new merchants and expansion in various verticals. Despite facing currency devaluations and repricing by
US probes top airlines' frequent flyer programs for unfair practices
WASHINGTON/CHICAGO (Reuters) -The U.S. Transportation Department (DOT) said on Thursday it is opening an inquiry into the four largest U.S. air carrier rewards and frequent flyer programs to ensure consumers do not face unfair, deceptive, or anticompetitive practices. Transportation Secretary Pete Buttigieg sent letters to American, Delta, Southwest and United Airlines, ordering them to provide records and submit reports answering detailed questions on their rewards programs. The Department is reviewing how consumers are "impacted by the devaluation of earned rewards, hidden or dynamic pricing, extra fees, and reduced competition and choice."
Bolivia update, uh-oh - Marginal REVOLUTION
With international reserves at about a tenth of their $15 billion peak in 2014, the government of President Luis Arce is safekeeping every dollar bill and gram of gold, depressing activity, sparking fuel shortages and stoking social unrest — all in the name of avoiding a devaluation of an untenable 6.9 boliviano-per-dollar peg… Arce has […]