Summary: Increased demand of the US currency
from importers weighed on the rupee
In the exchange offices of Astana and Almaty, the maximum selling rate of the US currency
is 381 tenge.
The WSJ Dollar Index, which measures the US currency
's performance against a basket of 16 others, climbed 4.3% in 2018.
'It would be easier for Cambodia to develop its securities market through the dollar [more so than in the securities markets of other nations], as there is a lot of US currency
in the Cambodian economy, as opposed to other countries,' he said.
Besides fresh demand of the US currency
from importers, dollar's strength against some currencies overseas weighed on the domestic unit, traders said.
A Honululu-based newspaper reported that a federal grand jury had indicted Felina Salinas with bulk cash smuggling for failing to report that she was carrying $335,000 in US currency
and $9,000 in Australian dollars in February.
Even ignoring bank accounts, there are a lot more dollars around than bitcoins: The current supply of bitcoin is nearly 13 million, whereas there are 34.5 billion US currency
notes in circulation; or nearly 2,700 bills for each bitcoin.
Monday was the first time in over two years that people in Argentina have been allowed to purchase US currency
through official channels, cash which the government has said could be used for saving or spending.
However, a steep fall in local stocks on selling in IT shares after the announcement of Q3 results by TCS late on Thursday and a strengthening US currency
overseas pulled the rupee down to a low of 61.5775 before settling at 61.54, down by a mere one paisa.
Australia's dollar climbed against all of its major peers as a Bloomberg survey forecast the Fed won't start slowing bond purchases, which tend to debase the US currency
while fueling risk appetite, until March.
LONDON, December 03, 2009 (Balochistan Times): Gold struck a record price above 1,226 dollars on Thursday as the US currency
remained under pressure.