Pound v US dollar exchange rate: Currency traders shrug off Congress gridlock

The pound is trading today against the dollar at a rate of €1.312, which is unmoved on the day and slightly down on yesterday’s rate. Markets generally shrugged off any fallout from the US midterm elections, which saw the House of Representatives pass to the Democrats, while the Republicans consolidated their grip on the Senate. Daily Express :: Finance Feed

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India rupee: Gold prices SOAR off crippled currency as investors flock to precious metal

INDIA saw gold prices soar to an almost six-year high off the back of the weakening rupee as investors flock to the precious metal. Prices of gold, of which India is the second-largest consumer in the world, were trading at Rs 32,625 per 10gm in the capital of New Delhi on Thursday – the highest level since November 2012. Daily Express :: Finance Feed

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Turkey lira: Turkish currency RECOUPS losses against dollar as bank holds interest rates

TURKEY interest rates were held today by the central bank as the struggling lira continued to recoup some of its losses against the US dollar. The one-week repo rate was kept steady at 24 percent as predicted by analysts as political and economic pressure appeared to ease off the lira. Daily Express :: Finance Feed

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India rupee CRASH WARNING: ‘Raise interest rates or risk WEAKER currency’ – Dr Doom

INDIA must raise interest rates or risk having an even weaker rupee over time, according to a prominent investor and economic analyst known as ‘Dr Doom’. The languishing rupee is currently the worst-performing currency in Asia and has lost around 14 percent of its value against the US dollar this year. Daily Express :: Finance Feed

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India financial CRISIS: Central Bank could ABANDON rupee as currency continues to languish

INDIA has sparked fears it could ditch the rupee as the crisis-hit currency continues to struggle as the worst-performing Asian tender this year. The rupee has continued to plunge, losing around 14 percent against the dollar on the back of higher US interest rates. Daily Express :: Finance Feed

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Italy ‘would be better off OUTSIDE the eurozone’ as Borghi calls for nation’s OWN currency

ITALY could solve its financial woes by LEAVING the eurozone and establishing its own currency, the economic head of the ruling League party said today. The nation is continuing to grapple with the fallout of its deficit budget announcement after unveiling plans for a 2019 deficit of 2.4 percent. Daily Express :: Finance Feed

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