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THE dollar found support from expectations of a continued economic recovery in the United States amid countries in Europe resorting to lockdowns to fend off a second Covid-19 wave; and expectations of higher government spending under the Biden administration – after a plunge in payrolls in December raised the prospect of more federal spending to aid the coronavirus-battered economy.
LONDON: Bitcoin seems so flighty, some might argue you may as well consult a crystal ball, read the runes or stare at the stars to divine the direction of the capricious cryptocurrency.
JOHOR BARU: Scam syndicates are taking advantage of the sudden rise in the prices of cryptocurrencies and foreign exchange to target professionals by offering huge returns.
KUALA LUMPUR: Police smashed a forex scam syndicate believed to have been led by a bogus Datuk who had conned 629 victims of over RM30mil.
THE dollar started the year on a softer footing, continuing its depreciation trend from 2020 and briefly touching a 32-month low.
KUALA LUMPUR: Police have smashed a forex investment scam ring that conned 629 victims out of more than RM30mil.
THE dollar extended its broad-based decline during the week in review, down 0.71% to 89.68 – hitting a fresh 32-month low with the low-volume market trading with a slight dose of risk-on sentiment.
PETALING JAYA: The local automotive industry, which is already seeing a boost in the form of an extended tax holiday this year, is also set to benefit from stronger economic growth and favourable foreign exchange.
JERUSALEM, Dec. 29 (Xinhua) -- The Israeli currency, shekel, has increased nearly 7.5 percent against the U.S. dollar since the beginning of 2020, according to the representative exchange rates issued by Israel's central bank on Tuesday.