Some investors hope the city will give up its peg to the U.S. dollar. They’re likely to keep hoping.

If a country pegs its currency to the U.S. dollar or USD, then its central bank or monetary authority will routinely intervene in the forex market to maintain a relatively stable or even fixed ...

Central bank to undo a fixed currency peg and let the peso freely fluctuate within a moving band between 1,000 pesos and 1,400 pesos per dollar Argentina dismantled key parts of its years-long ...

Investopedia / Sabrina Jiang. Currency Intervention . Short-term moves in a floating exchange rate currency reflect speculation, rumors, disasters, and everyday supply and demand for the currency ...

The gold standard fixed currency value to a set gold amount, limiting inflation by tying the money supply to gold reserves. The U.S. abandoned the gold standard in 1971 under Nixon, shifting to ...

Ukraine to ease fixed currency rate from Tuesday Battered economy shows smalls signs of recovery KYIV, Oct 2 (Reuters) - Ukraine's central bank said it would bring in a more flexible exchange rate ...