Bolivia central bank vows to defend currency peg despite rising FX pressure
ReutersJan 2, 2025 4:05 PM
LA PAZ, Jan 2 (Reuters) - Bolivia's central bank will defend its currency peg at 6.96 bolivianos per U.S. dollar, bank president Edwin Rojas said on Thursday, despite rising foreign exchange pressure due to sliding reserves that have roiled the South American country.
(Reporting by Daniel Ramos)
((sarah.morland@thomsonreuters.com;))
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Related Articles
U.S. Bond Yields Soar in Trump 2.0, Time to Buy U.S. Bonds?
TradingKey - The news that the new Trump administration will trigger potential inflation is everywhere, and while the market is questioning the growth dynamics of the stock market, Wall Street is making asset allocation recommendations to buy U.S. Treasuries.TradingKey
6 hours ago
Why Did The S&P 500 And Nasdaq Composite Just Fall Over 1%?
TradingKey - The year 2025 started off on a pretty solid footing for investors with the key indices in the US – the S&P 500 Index and the tech-focused Nasdaq Composite Index – both posting gains in the first few days of trading. That followed on from some huge double-digit gains for 2023 and 2024.TradingKey
Wed, Jan 8
US Stock Market’s 2025 Outlook: Navigating the Shifting Landscape
TradingKey - Anyone who has invested in US stocks in 2024 will be happy. The US stock market has delivered an absolutely blockbuster performance so far this year, with the S&P 500 Index soaring 26.9% year-to-date (as of December 16), reaching record highs.TradingKey
Mon, Dec 30
