Asian equities followed U.S. stocks lower on Wednesday, driven by a slump in U.S. Treasury yields, as investors recalibrated their…
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The Indian Rupee (INR) remains under pressure on Tuesday, following a rebound from its record low in the previous session.…
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Asian Currencies Plunge to Two-Decade Low as Equities Navigate Volatile Terrain
by Barbaraby BarbaraAsian currencies hit their lowest level against the dollar in nearly two decades, while equities experienced mixed performance amid thin…
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Currency refers to a medium of exchange that is widely accepted within a specific country or region for transactions of goods, services, and financial assets. It is a form of money that serves as a unit of account, store of value, and a medium for exchange. Currencies are typically issued and regulated by central banks or monetary authorities of respective countries. They come in various forms, including coins and banknotes, and are represented by unique symbols, abbreviations, and codes. Examples of currencies include the United States Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP), among others.