Turkey’s lira took a 7% nosedive on Wednesday as the country’s newly re-elected government appeared to be abandoning its costly 18-month strategy of keeping the currency on a tight leash by any means necessary. Ankara has seen decades of financial market difficulties and the charts below show the challenges the lira’s weakness poses for the […]
As CRO, Wilson will be responsible for overseeing the company’s operational and credit risk as well as risk management strategy. A risk management heavyweight Jonathan Wilson boasts industry leading experience reducing risk exposure and elevating security profiles for cutting-edge global payments organizations. He served as Head of Risk for the Digital Wallets division at PaySafe for over […]
Turkey’s lira weakened 0.8% to a record low on Thursday, extending losses after a heavy selloff in the previous session that was seen as a sign of the authorities easing controls on the foreign exchange market. The currency later recouped some of its losses, standing at 23.33 against the dollar by 0542 GMT, after touching a […]
The dollar fell slightly on Thursday but remained near three-month highs after a surprise rate hike from the Bank of Canada suggested other central banks, including the Federal Reserve, may have more work to do to combat inflation. The euro was up 0.1% at $1.071 early in the European session against the dollar – the […]
Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese officials gave their currency a nudge. Japan will closely watch currency market moves and respond “appropriately” as needed, the country’s top currency diplomat said on Tuesday after financial authorities […]
Zimbabwe’s treasury has announced measures to encourage the use of the local dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer inflation. The measures include a directive that all government departments collect fees in the local currency, the introduction of a 1% tax on all […]
