Euro rally against US dollar steadies - German car makers optimistic at Detroit Auto Show - Demand soaring for luxury watches
Tumbling emerging market currencies, including the Russian ruble, have caused Moscow to publicly wish for the "demise" of the greenback from global finance. Lars Halter examines how realistic such a wish actually is.
The group is said to have laundered drug money for South American cartels for years — above all in Germany. With the defendants facing trial today in Paris, German reporters unveil how they were able to pull it off.
The US currency has suffered painful losses in Asian trading while sovereign bonds gained strongly after the US Federal Reserve raised interest rates, but signaled no pick-up in the pace of tightening.
Turkish leader Erdogan has recently called on his compatriots to convert their dollar and euro savings into lira. But economist Per Hammarlund says many Turks will continue to save in dollars and other hard currencies.
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