Keynes had dabbled in
currency speculation after the first world war, trading on margin and realising both large losses and large gains.
Not exact matches
The dollar rallied as much as 2.5 % against South Africa's rand to 13.613, its highest since early February,
after President Jacob Zuma fired finance minister Pravin Gordhan in a cabinet reshuffle following days of
speculation that has rocked the country's markets and
currency.
Outside of traditional
currencies, bitcoin and other cryptocurrencies rebounded
after two days of losses tied partly to more regulators toughening rules on digital
currencies in a bid to curb excessive
speculation.
After all, why should businessmen invest in hiring more labor to work in factories, when they can make higher rates of return by financial maneuvering and
currency speculation?
After much
speculation, the price of everyone's favorite digital
currency has broken the $ 600 level, and for the most part, bullish trends are expected to continue.
The move expands the scope of a similar document, seen on Tuesday, in which the central bank said it will require banks to hold reserves on behalf of clients» trading of
currency forwards, in a move seen curbing
speculation and volatility
after a shock Aug. 11 yuan devaluation.
South Africa's President Jacob Zuma has sacked Finance Minister Pravin Gordhan
after days of
speculation that rocked the country's markets and
currency.
After much
speculation, the price of everyone's favorite digital
currency has broken the $ 600 level, and for the most part, bullish trends are expected to continue.