How Victimhood Became America’s Most Valuable Currency
Being a victim used to be a bad thing — something we tried to avoid, and rarely wanted to admit. As a nation, we strove to rise above obstacles and adversity, not wallow in our own self-pity. Yet today the most powerful people in America are the ones who scream loudest about their own victimization. […]
Yen's Fragility Raises Specter of a New Currency War in Asia – Yahoo Finance
(Bloomberg) — As the yen hits new lows, some investors are anticipating a scenario almost unthinkable in a region busy supporting currency declines: a series of competitive moves that could trigger a new Asian currency war. We are pondering the scenario of a weaker yen. Most Read Articles on Bloomberg The alleged intervention to drag […]
Japan is not seeking a strong yen but a stable currency, David Roche says – CNBC
Veteran investor David Roche says Japan is not looking for a strong yen, but rather a relatively stable currency. The Japanese yen has been on a roller coaster, falling above $160 against the US dollar last week, its biggest decline in more than 30 years. This trend has since intensified amid speculation about two interventions […]
Is Zimbabwe zigzagging into further currency chaos? – BBC.com
image source, Farai Sevenzo Sylvia Dhliwayo, an expert in negotiating the many currencies that have overcome the hurdles of Zimbabwe’s crisis-hit economy, is reeling. She works hard every day to send her four children to school. She wakes up most mornings at 4 a.m. and heads to the main market in Mbale, Harare, the capital, […]
US Dollar Dominance: Why USD Is the World's Reserve Currency – Bloomberg
This currency is large, stable, and entrenched in the global economy. That is also what makes this currency such an attractive target. Written by Saleh Mohsin and Ben Purvis Illustrations by Joy Fulton May 1, 2024, 12:01 a.m. UTC The US dollar is the closest thing to a world currency. It is the payment method […]
Japan forex authorities ready '24 hours,' top currency diplomat Kanda says – The Japan Times
Japan’s top currency diplomat, Masato Kanda, said on Tuesday that authorities were prepared to respond “around the clock” to currency issues, but declined to comment on whether the Ministry of Finance had intervened a day earlier to support the yen. Again he declined to comment. “It makes no difference whether you’re in London, New York […]
‘Triple spending’: Zimbabweans bear cost of changing to new ZiG currency – Al Jazeera English
Harare, Zimbabwe – At a shopping center in Glenview, a working-class downtown area in Zimbabwe’s capital Harare, carpenter Arnold Mtiri stops to buy a two-liter (half-gallon) Mazoe raspberry drink. The price tag said $3.70. Due to Zimbabwe’s unstable currency and years of economic crisis, most products are priced in the more stable US dollar, and […]
Currency crisis pushes consumer groups from Nigeria – Financial Times
Many consumer groups on the front lines of the global cost of living crisis are assuring shoppers that the relentless price increases of the past few years will gradually slow as global inflation slows. But for Nigerian consumers, there is little relief in sight. Heineken-backed Nigerian Breweries has raised prices three times so far this […]
Bitcoin’s Future as Currency – CoinDesk
Bitcoin is a global decentralized currency that is not under the control or guarantee of any country. Recent months in the Bitcoin ecosystem have been marked by a rapidly growing mood of optimism based on the approval of exchange-traded funds in the Bitcoin spot market. These ETFs are driving Bitcoin’s mainstream adoption through portfolio construction […]
The end of credit card rewards, robbery at the Rio Las Vegas and currency exchange scams (Saturday Selection) – Frequent Miler
Rio Las Vegas guests are robbed while sleeping, hotel currency exchange scams go into beast mode, and are new Visa/Mastercard payments the beginning of the end for credit card perks? This Saturday Selection is a weekly roundup of interesting information from around the interwebs (Links to each article are embedded in the title). Several guests […]