Corporate China Seeks Dollars as Trade Tensions Rise

Exporters39; dollar pile tops 836 billion Options pricing suggests increased demand Businesses seek new markets, twoway trade to offset risk SHANGHAI, Nov 22 Reuters Chinese firms are squirreling away even more dollars, pricing contracts in yuan and opening import lines to mitigate currency risks as trade tensions threaten to roil foreign exchange rates. The trend […]
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UK Consumers Cheer Up Bit as Budget Nerves Lift, GfK Survey

LONDON, Nov 22 Reuters British consumers have turned less pessimistic following the government39;s first budget and the U.S. presidential election and they are showing more appetite for spending in the runup to Christmas, according to a survey published on Friday. The GfK Consumer Confidence Index, the longestrunning measure of British consumer sentiment, rose to 18 […]
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Dollar Climbs to 13Month Peak, Bitcoin Eyes 100,000

U.S. dollar hits fresh 13month peak, Fed rate clues awaited Bitcoin touches record, not far off 100,000 level Sterling slips to lowest since May TOKYO, Nov 22 Reuters The U.S. dollar edged up to a fresh 13month high on Friday, with little to stop the greenback39;s momentum as investors assessed the outlook for the Federal […]
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South African Central Bank Plays it Safe with 25 bps Cut

Repo rate lowered to 7.75 as expected Kganyago stresses global and domestic risks Further cuts seen in 2025 but in small steps PRETORIA, Nov 21 Reuters South Africa39;s central bank opted for another small cut to its main interest rate on Thursday, stressing a tough global backdrop and uncertain domestic outlook despite inflation falling below its target […]
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