Tag : currency market

Business

South Korea FX reserves fall in March on stronger dollar

manamalive.com
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday....
Korean won hits new yearly low amid Trump tariff concerns
Business

Korean won hits new yearly low amid Trump tariff concerns

manamalive.com
The South Korean won fell sharply against the US dollar on Monday, reaching its lowest point of the year amid growing concerns over the economic impact of new tariffs announced by US President Donald Trump....
Russia ramps up daily gold buying by 700% starting September 6
Business

Russia ramps up daily gold buying by 700% starting September 6

manamalive.com
MENA Newswire News Desk: Russia has escalated its daily gold purchases by 700%, the country’s Finance Ministry revealed on Wednesday. From September 6 to October 4, Russia will allocate 8.2 billion rubles ($92 million) each...