Australian dlr bounces on dented US$, brushes off messy politics

By Wayne Cole and Charlotte Greenfield SYDNEY/WELLINGTON, Aug 21 : The Australian and New Zealand dollars inched higher on Tuesday after President Donald Trump questioned the need for higher interest rates in the United States, undermining the U.S. currency. The Aussie proved resilient to turmoil in politics at home, where Prime Minster Malcolm Turnbull survived […]

Lebanon banks suck in dollars to maintain peg, but economy stagnates

By Lisa Barrington BEIRUT, Aug 16 : Lebanese banks are pulling out the stops to bring in dollars as the country strives to preserve a two-decade old currency peg, offering high returns to customers willing to change their hard currency into long-term Lebanese pound deposits. It is one sign of Lebanon’s determination to maintain monetary […]