Official Exchange rates

Exchange rates in the Forex Market - daily refresh

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06. Jun 2020 0.1060 1.2588 0.0092 1.0394 0.7415 0.6933 0.6432 0.1079 0.1508 0.1060
05. Jun 2020 0.1060 1.2588 0.0092 1.0394 0.7415 0.6933 0.6432 0.1079 0.1508 0.1060
04. Jun 2020 0.1060 1.2588 0.0092 1.0394 0.7415 0.6933 0.6432 0.1079 0.1508 0.1060
03. Jun 2020 0.1060 1.2588 0.0092 1.0394 0.7415 0.6933 0.6432 0.1079 0.1508 0.1060
02. Jun 2020 0.1048 1.2549 0.0092 1.0395 0.7393 0.6892 0.6366 0.1072 0.1499 0.1048
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Exchange rates in the Forex Market - daily refresh

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Putin's Oil Price Gambit Has Run Out of Road

07. Apr 2020 09:27:38 | finance.yahoo.com

(Bloomberg Opinion) -- In the eyes of Moscow hardliners, the shale boom that turned the U.S. into a leading oil exporter has also encouraged Washington’s belligerence. Back in early March, low prices were a welcome means of pushing American producers over the edge; Russia’s bolstered state finances and its lower-cost oil companies meant it could take the pain.But that was then.Now, the unfolding coronavirus epidemic has forced the country into a shutdown that will last until the end of April,...

Oaktree, Elliott Among Bargain Hunters Circling Mortgage Trusts

07. Apr 2020 10:00:23 | finance.yahoo.com

(Bloomberg) -- Americans hurt by the coronavirus pandemic are skipping home-loan payments, and the trusts that own the mortgages are feeling the pain.Opportunistic funds have noticed. Among the investors in talks to buy discounted assets in the distressed real estate investment trusts are Paul Singer’s Elliott Management Corp. and Appaloosa Management, run by David Tepper, according to people involved in the deals who asked not to be identified discussing private transactions. Apollo Global M...

Carnival Shares Get Some Relief After Saudi Fund Buys Stake

07. Apr 2020 10:02:05 | finance.yahoo.com

Carnival Corp.’s (CCL) shares climbed 21% after Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), on Monday disclosed an 8.2% stake in coronavirus-hit Carnival Corp.PIF made the offering for Carnival’s 43.5 million shares worth about $369.3 million on March 26, according to the SEC filing. The investment makes PIF the second-largest investor in the world's biggest cruise line.Since the start of the year, Carnival has seen its shares lose more than three-quarters of their...

Investor who predicted the start of the 2009 bull market: Beware of a double bottom

07. Apr 2020 10:42:34 | finance.yahoo.com

Mark Mobius called the beginning of the 2009 bull market. Now, he's warning investors of a potential double bottom.

Luckin Stock Drops Further As Lenders Seek To Seize 76.4M Shares For Defaulted Loan

07. Apr 2020 11:03:49 | finance.yahoo.com

The shares of Luckin Coffee Inc. (NASDAQ: LK) dropped another 18% lower on Monday as Goldman Sachs Group Inc. (NYSE: GS) sought enforcement action against an entity controlled by the company's chairman Charles Zhengyao Lu.What Happened The bank, acting as a "disposal agent" on behalf of a host of lenders, said Luckin investor Haode Investment Inc., defaulted on a $518 million margin loan facility.According to Goldman, about 515.3 million Class B and 95.4 million Class A ordinary shares were p...

Gilead Generates Street Skepticism Ahead of Covid-19 Results

07. Apr 2020 11:34:02 | finance.yahoo.com

(Bloomberg) -- Results from a study of Gilead Sciences Inc.’s experimental Covid-19 medicine are top-of-mind for Wall Street as cases surpass 1.35 million and deaths approach 76,000.With a potential vaccine more than a year away, Gilead’s antiviral remdesivir offers one of the nearest-term hopes for a treatment in the pandemic that’s sweeping across the globe and putting many countries, including most of the U.S., on lockdown. Results from late-stage studies out of China are expected this mon...

'I'm squeaking by right now': voices of America's unemployment crisis

06. Jun 2020 07:00:16 | www.theguardian.com

The coronavirus pandemic has devastated the US economy, costing 42 million people to file for unemployment insuranceThe coronavirus pandemic has wrought destruction on US workers at a scale and speed that is almost unfathomable. It was only in February that Donald Trump was touting an unemployment level of 3.5%, a 50-year low. The unemployment rate dropped on Friday to 13.3% – but is still at its highest level since the 1980s – and many economists fear the real figure is far higher. Continue ...

Super-rich spot bargains as luxury London townhouse sells for just £15m

06. Jun 2020 07:00:16 | www.theguardian.com

Wealthy buyers are snapping up homes at a big discount in Covid-19 crisis after viewings via ZoomSome of the world’s richest people are snapping up luxury London mansions despite the coronavirus pandemic and lockdown – but only if the seller knocks a million or two off the sale price.Estate agents are reporting that rich overseas buyers have spent tens of millions on historic central London properties during the pandemic even though they have often only seen the homes over Zoom video calls. C...

Micron’s Growth Story Remains Intact, Says Analyst

05. Jun 2020 23:40:21 | finance.yahoo.com

Chipmaker Micron (MU) is banking on the upcoming 5G trend. As 5G networks ramp up around the globe, the semi-conductor player is expected to provide many of the components needed to achieve 5G’s promise; faster data processing, lower latency and expanded storage capacity.However, the catalyst hasn’t borne fruit yet. Micron has lagged behind its peer group this year, unable to fully recover from the COVID slump. Micron’s share price is still roughly flat year-to-date compared to the SOXX’s 9% ...

OPEC+ Meets to Extend Cuts That Trump Says Saved Oil Industry

05. Jun 2020 23:01:00 | finance.yahoo.com

(Bloomberg) -- OPEC+ gathers on Saturday to ratify a deal for at least an extra month of record production cuts that U.S. President Donald Trump said saved the American oil industry.After a week of cajoling by Saudi Arabia and Russia, the cartel’s members were ready to prolong almost 10 million barrels a day of output curbs to the end of July, instead of easing them as previously planned.The imminent extension, coupled with a surprisingly good U.S. jobs report, sent crude 5% higher to $42 a b...

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