Global money market funds are attracting significant inflows due to cautious central bank policies

Global money market funds are attracting significant inflows due to cautious central bank policies

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, U.S., October 27, 2023. REUTERS/Brendan McDermid/File Photo acquires licensing rights Nov 3 (Reuters) – Investors poured large sums into global money market funds in the week to Nov. 1, seeking the safety of these assets ahead of key policy …

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Explainer: What is pushing the Nigerian naira to record lows?

Explainer: What is pushing the Nigerian naira to record lows?

A man counts Nigerian naira banknotes at a market in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo Acquire Licensing Rights ABUJA, Oct 27 (Reuters) – The Nigerian naira is on the brink of breaching the 1,000-per-dollar level after falling to an official record low of 999 last week, according to Refinitiv data tracking its …

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China, as expected, is leaving benchmark lending rates unchanged

China, as expected, is leaving benchmark lending rates unchanged

A woman walks past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China, September 28, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing Rights SHANGHAI/SINGAPORE, Oct 20 (Reuters) – China left benchmark mortgage rates unchanged at Friday’s monthly fixing, in line with market expectations as a set of economic data suggests …

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