Bloomberg

© Bloomberg. Canadian one dollar coins, also known as Loonies, sit in a pile at the Royal Canadian Mint Ltd. manufacturing facility in Winnipeg, Manitoba, Canada, on Monday, March 11, 2019. The Canadian dollar was steady against the greenback amid rising oil prices and mixed versus G-10 currencies as traders awaited domestic home price data
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© Bloomberg. Hong Kong one-hundred dollar banknotes are arranged for a photograph in Hong Kong, China, on Wednesday, June 13, 2012. Photographer: Jerome Favre/Bloomberg (Bloomberg) — Hong Kong’s de facto central bank intervened to defend the local currency’s peg against the dollar for the second time in days. The Hong Kong Monetary Authority bought HK$3.925
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© Bloomberg. Morgan Stanley digital signage is displayed on the exterior of the company’s headquarters in New York, U.S. Photographer: Eric Thayer/Bloomberg (Bloomberg) — South Africa’s rand, Turkey’s lira and Brazil’s real may be among the worst-performing emerging-market currencies in the past month, but Morgan Stanley (NYSE:) isn’t giving up hope. The lender’s VIRP model,
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&copy Bloomberg. Nadine Baudot-Trajtenberg, second from left. Photographer: Ariel Jerozolimski/Bloomberg (Bloomberg) — The outcome of the lone meeting Nadine Baudot-Trajtenberg chaired at the Bank of Israel will resonate long after her five-year term as deputy governor ends this week. Last November, Baudot-Trajtenberg as acting governor led the decision to raise interest rates for the first
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2/2 &copy Bloomberg. Theresa May, U.K. prime minister, delivers a speech on Brexit at Mansion House in London, U.K., on Friday, March 2, 2018. The U.K. prime minister is under pressure to meld together competing visions of Brexit, and in a telling detail that highlights her political weakness, May asked ministers to allow her to
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© Bloomberg. Japanese 10,000 yen banknotes are arranged for a photograph in Kawasaki, Kanagawa Prefecture, Japan, on Saturday, July 7, 2018. Photographer: Akio Kon/Bloomberg (Bloomberg) — With global stocks rallying since the start of the year and recession fears easing in at least some quarters, preparing for the next crisis isn’t top-of-mind for many market
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© Bloomberg. Philip Lowe on Feb. 22. Photographer: Brendon Thorne/Bloomberg (Bloomberg) — Central bank chiefs are often reticent to criticize policy settings abroad. Not today: Australia’s central bank chief Philip Lowe questioned the wisdom of America’s fiscal largess and warned the U.S. will struggle to deploy stimulus in the next downturn. “The political system in
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© Reuters. Deutsche Bank, Wells Fargo Were Swedbank’s Dollar Correspondents (Bloomberg) — Swedbank AB, which has been dragged into a money laundering case that has spread from the Baltic region, used Deutsche Bank AG (DE:) and Wells Fargo (NYSE:) & Co. for U.S. dollar correspondent banking services in Estonia, archived bank documents show. Swedbank has
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© Bloomberg. Turkish lira banknotes. Photographer: Kostas Tsironis/Bloomberg (Bloomberg) — A slowdown in the economies of Turkey and Argentina during the past year has corrected current-account imbalances to the extent that their currencies are now trading at fair value, according to the Institute of International Finance. “Our model says that both currencies have converged to
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