foreign-currency
Top StoriesEurope Pursues Payment Response as Russian Gas Supply Threat Eases
Top StoriesRussia’s Ally China Tells EU It Will Pursue Ukraine Peace in Its Own Way
Top StoriesDollar Edges Higher After Robust U.S. Jobs Data
Top StoriesChinese Trade With Russia Feels the Sting of Ukraine War
Analysis-Russia’s Rouble Rebound Is Not as Real as It Seems
Date: April 1, 2022
By Tommy Wilkes LONDON (Reuters) – The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch it into freefall. The dramatic rebound – the currency nearly halved in value in seven trading sessions following the Feb. 24 invasion – is...
U.S. Officials Circle Globe to Keep Pressure on Putin as Ruble Rises
Date: March 31, 2022
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -Senior U.S. officials fanned out this week to press world leaders to continue putting pressure on Moscow or join the campaign of sanctions and other measures as the war in Ukraine enters its fifth week, and the initial economic shock to Russia seems to be ebbing. Deputy...
Banks Are Losing Their Market Share on Large Amount Money Transfers
Date: March 31, 2022
For a very long time, the big banks seemed almost untouchable. They towered monolithically holding the monopoly on pretty much all things finance, ranging from credit cards, to high volume money transfers, to international payments. But the times they are-a-changing and steadily but surely, a whole host of innovative companies are now chipping away at...
Russia Sets Deadline for Rouble Gas Payments, Europe Calls It ‘blackmail’
Date: March 31, 2022
By Joseph Nasr and Mark Trevelyan BERLIN/LONDON (Reuters) – Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to “blackmail”. Putin’s move, via a decree signed on Thursday, leaves Europe facing the...
Euro Dips Amid Caution Over Ukraine, Norwegian Crown Plunges
Date: March 31, 2022
By Stefano Rebaudo (Reuters) -The euro edged lower on Thursday on caution about developments in Ukraine and limited progress in peace talks, while the Norwegian crown fell sharply after the central bank decided to buy foreign currency. Russian forces prepared for new attacks, Ukrainian President Volodymyr Zelenskiy said, while no quick resolution is expected from...
All Russia’s Big Exports Could Soon Be in Roubles, Kremlin Signals
Date: March 30, 2022
By Guy Faulconbridge LONDON (Reuters) – The Kremlin indicated on Wednesday that all of Russia’s energy and commodity exports could be priced in roubles, toughening President Vladimir Putin’s attempt to make the West feel the pain of the sanctions it imposed for the invasion of Ukraine. With Russia’s economy facing its gravest crisis since the...