Sentences with phrase «bank weakens currency»

Central bank weakens currency further by 1.1 % after previous official cuts that put global financial markets on edge

Not exact matches

Despite strident comments about alleged currency manipulation by China, but not Japan, there is little doubt that the Reserve Bank of Australia will implement a variety of measures to weaken the Australian dollar.

It's a similar dynamic to the way central banks and reserve managers act when the dollar, the world's main reserve currency, weakens.

The rouble has weakened some 30 percent versus the dollar this year, as Western sanctions over the Ukraine crisis have made it harder for banks and companies to refinance foreign currency debts and as tumbling oil prices have hurt government revenue.

Weakening currencies in the post-Soviet states threaten to raise default rates on foreign - currency mortgages as collapse of the Baltic real estate bubble drags down Swedish banks, while the Hungarian property plunge threatens Austrian banks.

The franc has weakened to 1.20 against the euro for the first time since the Swiss National Bank ditched its cap on the currency in January 2015.

During the first stage of a two - stage cycle, many central banks and governments perceive that their economies can gain an advantage by weakening their currency on the foreign exchange market.

European Central Bank President Mario Draghi then weighed in and seemed aghast at the remote possibility that someone in a high governmental position might make a comment to weaken their currencies.

The emerging markets sell - off intensified on Monday with stocks heading for their worst day in almost six months even before Latin American bourses opened, and currencies weakened further until the Turkish central bank prompted speculation it might raise rates by calling an emergency meeting.

The dollar would get a kick especially if the other central banks are just sitting there complacently because they would like their currencies to weaken anyway.

As long as Canada remains weak because of low oil prices, a weakened currency and a general slowdown of the world economy, we'll continue to see opportunities in the beaten down Canadian banking sector.

Profits at Japanese automakers have surged in yen terms as the Japanese currency weakened against the U.S. dollar over the past year, helped by a mammoth Bank of Japan effort to expand the money supply and ignite inflation to end years of economic stagnation.

On one hand you have the Federal Reserve angling to boost interest rates, while on the other, central banks in Europe and Japan continue efforts to lower rates, thus weakening their respective currencies.

In the Bitcoin news today — Venezuelan authorities are cracking down on Bitcoin mining facilities and are focused on «weakening» these mining operations within the region; Ethereum at a crossroad as corporate interest grows; Last week at the World Economic Forum 2017 Annual Meeting in Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page report.