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World Bank President Unveils Plans to Strengthen Lending Capacity and Address Climate Change
World Bank President Ajay Banga announces proposals to enhance the bank’s lending power and tackle climate change, with plans to stretch its balance sheet and generate additional funds for countries in need.
“Twitter’s New Paradigm: Reinvesting Ad Revenue as Shares in Private Company”
Elon Musk’s Twitter introduces a groundbreaking approach to the creator economy, allowing content producers to reinvest their ad revenue as shares in the private company.
“India’s Rupee Strengthens Against the US Dollar Amid Fed’s Uncertain Outlook”
The Indian rupee is gaining ground against the US dollar, driven by the uncertain stance of the Federal Reserve and falling crude oil prices.
Economist Peter Schiff Predicts Dollar Index Drop Could Propel Oil Prices Above $100
Economist Peter Schiff anticipates a potential decline in the dollar index, which could result in oil prices surging above $100.
RBA Meeting Minutes Awaited as Australia’s Inflation Concerns Persist
The Reserve Bank of Australia (RBA) is set to release its meeting minutes, providing insights into the central bank’s decision to maintain the cash rate amid ongoing inflation concerns.
GBP/USD Drops Following Bank of England’s Indication of Fewer Future Rate Increases
GBP/USD dropped following Bank of England’s indication of fewer future rate increases and revised economic forecasts.
Analysis of GBP/JPY Exchange Rate – British Pound Strengthens Against the Japanese Yen
The British pound surged in value after the Bank of Japan announced its yield curve control policy and UK’s hot CPI numbers.
Forecast for GBP/USD Exchange Rate – British Pound Strengthens on Wednesday
British pound strengthens on Wednesday, surpassing 1.23 level and potentially reaching 1.2450, with Federal Reserve’s monetary policy being a factor.
Central Bank of Russia Disposes of Yuan Worth $47 Million in January
Russia has sold the equivalent of almost $47 million of yuan in January to purchase roubles to compensate for budget shortfall created by decreased oil and gas revenues.
Asian Currencies are taking A Hit Against the US Dollar
Asian currencies have fallen due to worries about China’s slowing economic development and remarks from the US Federal Reserve.
Speculators Are Long on the Us Dollar: Should You?
The value of net long positions on the US dollar rose to $13.37 billion in the week ended Aug 16, while net short positions on the euro increased.
Asian Currencies Are Jumping With Fed and Inflation
On Friday, most Asian currencies remained unchanged as investors balanced signs of easing US inflation.
