The US economy is showing “remarkable strength” compared with Europe, where countries are struggling more with tighter monetary policy and the shocks of the energy price surge in recent years, OECD Chief Economist Clare Lombardelli said. The Paris-based organization revised up its forecasts for US growth next year while it cut expectations for most of … Read more
I’m Chris Anstey, a senior economics editor in Boston and today I’m looking at Argentina’s economic policy dilemma. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. Argentina should, … Read more
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Cryptocurrency investors can now buy a coin pegged to the New Zealand dollar, making swapping our traditional currency for crypto faster and simpler. A company linked to the local crypto-trading platform Easy Crypto launched NZDD on Wednesday as a means to increase investor uptake of cryptocurrency – a first that beats the Reserve Bank of … Read more
Stocks and currencies in Asia rose in a relief rally as investors weighed the possible peak of the Federal Reserve’s historic tightening campaign. Equity benchmarks advanced across the region from Sydney to Hong Kong, with tech firms at the forefront. The South Korean won led emerging-market currencies higher, while the yen also advanced. US stock … Read more
Stock Market Today: Dow, S&P Live Updates for October 31 Bloomberg Source link
Pakistan’s key stock gauge rose to a six-year high on Friday amid optimism that the strengthening currency may help ease inflationary pressures. The KSE-100 Index rose 0.9% to 50,673.04, taking this month’s gain to almost 10% in the second-best performance among more than 90 global equity indexes tracked by Bloomberg. The gauge still trades at … Read more
Argentina Election 2023: Will the US Dollar Replace the Peso in … Bloomberg Source link
The US dollar will remain the dominant currency in Zimbabwe even after the government’s December 2025 deadline to stop its use in the economy, the country’s largest independent asset manager said. Imara Asset Management, which oversees more than $100 million, said the dollarization of the economy is actually accelerating since authorities curbed the local currency’s … Read more
Argentina’s Black Market Peso Rate Tops 1000 Per Dollar Bloomberg Source link
Gold-Backed Digital Currency Is Zimbabwe’s Way to Sway Love for … Bloomberg Source link