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Facebook-backed digital currency project to leave Switzerland Facebook-backed digital currency project formerly known as Libra, now called Diem is shifting operations from Switzerland to the US (file photo) Ap The Facebook-backed digital currency project formerly known as Libra, says it is shifting operations from Switzerland to the US. Now called Diem, it has withdrawn its Swiss licence application. This content was published on May 13, 2021 - 17:15 May 13, 2021 - 17:15 AP/Diem/FINMA/SWI swissinfo.ch/ilj Geneva-based Diem said it planned to launch a cryptocurrency tied to the US dollar later...

Commodity Rally Sparks Jump in Emerging Currencies, Credit This content was published on May 4, 2021 - 04:43 May 4, 2021 - 04:43 (Bloomberg) -- The rally in commodity prices is bolstering the outlook for emerging-market currencies and boosting parts of credit and stocks even as it fuels concerns about higher inflation. The Bloomberg Commodity Spot Index has risen to the highest since 2012 after advancing 8.7% last month in the biggest jump since August. Many investors expect more gains as the world pulls out of the pandemic. That’s helped lift the MSCI Emerging Markets Currency Index near a...

On April 28, the rupee had settled at 74.36 against the U.S. dollar The Indian rupee appreciated by 26 paise to 74.10 against the U.S. dollar in opening trade on April 29, tracking positive domestic equities and weak American currency. At the interbank Forex market, the local unit opened at 74.20 against the U.S. dollar, then gained further and touched 74.10, registering a rise of 26 paise over its previous close. On April 28, the rupee had settled at 74.36 against the American currency. The rupee started on a stronger note against the greenback after the dovish statement by the U.S. Federal...

US no longer considers Switzerland a currency manipulator SNB foreign currency interventions last year were at their highest level since 2012. © Keystone / Anthony Anex The United States has removed Switzerland from its list of currency manipulators despite the Swiss National Bank (SNB) spending CHF110 billion ($119 billion) in the foreign exchange market last year. This content was published on April 16, 2021 - 16:00 April 16, 2021 - 16:00 swissinfo.ch/mga Reporting to Congress on Friday, the US Treasury Department saidExternal link it had “determined that there is insufficient evidence t...

Costa Mesa, CA -- Stack’s Bowers Galleries’ first live United States currency auction event of 2021 was a tremendous success that saw nine lots cross the six-figure mark on Thursday night, March 25. In all 525 lots of U.S. realized a total of $4,062,654 during the live session of the auction. (All prices include the buyer’s fee.) The leading lot of the night was the Fr.167a 1863 $100 “Spread Eagle” Legal Tender Note graded Choice Uncirculated 63 by PCGS Banknote. It realized $264,000. A pair of ultra-high denomination notes each sold for $180,000...