"At present Currencies around the world were being pushed down by the dollar as countries sought to combat inflation by raising interest rates at the risk of entering a recession. Major global currencies such as the Euro, Pound, Yen, Australian Dollar, Swiss Franc, and New Zealand Dollar have fallen between 8 and 17 percent this year, according to Trading Economics data. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
Business Tit-Bits: Currencies In Turmoil
"At present Currencies around the world were being pushed down by the dollar as countries sought to combat inflation by raising interest rates at the risk of entering a recession. Major global currencies such as the Euro, Pound, Yen, Australian Dollar, Swiss Franc, and New Zealand Dollar have fallen between 8 and 17 percent this year, according to Trading Economics data. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.