Politics
Former Japan currency chief says FX intervention should be backed by rate hikes
Nakao warned that the yen could weaken further if the BOJ was slow to raise interest rates Currency intervention using Japan’s foreign…
Tag
currency
Business
Rupiah redenomination: How will Indonesia’s currency reform affect its economy?
Redenomination can improve the country’s economic efficiency and enhance confidence in the currency but risks driving inflation In…
Politics
Indonesia plans a bill to redenominate rupiah currency
Indonesia’s finance ministry said it is planning a new bill to redenominate the rupiah in an effort to improve economic efficiency,…
Business
RBNZ surprises with larger rate cut, sparking currency drop
Growth has been tepid since a deep recession in 2024 despite the the central bank’s aggressive easing cycle New Zealand’s central bank cut…
Business
India to Roll Out RBI-Linked Digital Currency Amid Dismissal of Crypto With 'No Backing'
India will introduce a digital currency backed by the Reserve Bank of India as part of a broader strategy to discourage private…
Politics
Trump Treasury Department Now Wants to Put His Face on Currency
“Now, are they taking great pleasure in that? No. Is trolling the Democrats? Yes. I mean, yes! Because that’s what President Trump does,…
Business
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and…
Business
Thailand vows to curb baht swings as currency hits 4-year high
Thailand’s central bank vowed to take steps to ease baht volatility and limit the influence of gold prices after the local currency…
Business
Thailand seeks ways to curb gold price impact on currency
Thailand’s central bank and the finance ministry are discussing ways to address currency moves that are not aligned with fundamental…
Business
Central banks in Asia are becoming wary of currency intervention
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market. The central banks of…
Business
Currency traders ditching the US dollar for euro on option bets
The euro is taking on a bigger role in the global currency options market as traders skirt around the US dollar given the risks from…
Business
U.S. Dollar Falls. The Euro Could Step Up as Reserve Currency
The U.S. dollar has fallen about 9 percent in the past three months, according to an index that tracks its performance against a basket of…
Business
Three Abu Dhabi giants plan stablecoin backed by UAE’s currency
Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price…
Business
The Dollar’s Weakness Creates an Opportunity for the Euro. Can It Last?
President Trump’s shake-up of the global trade system has sent tremors through the long-held view that the United States is the source of…
Business
Dollar Doubts Dominate Gathering of Global Economic Leaders
On the sidelines of the spring meetings of the International Monetary Fund and World Bank this week, Treasury Secretary Scott Bessent…
Business
US Dollar Keeps Falling as Trump’s Tariffs Rattle Investors
The U.S. dollar extended its slide against other major currencies on Monday, the latest sign that investors may be starting to shun what…
Business
Argentina to lift currency controls after securing new IMF loan
Argentina's President Javier Milei leaves the Government House after announcing the exchange rate hike. Earlier, Economy Minister Luis…
Business
Stocks Post Gain for the Week, but Investors Remain Anxious
Stocks on Wall Street ended a volatile week with a bounce on Friday, while government bond markets continued to signal investor worry…
News
Why the Price of Gold Keeps Going Up
At his inauguration, President Trump said that “the golden age of America begins right now.” He was right, in one sense. The price of gold…
Lifestyle
A Strong Dollar Means Bargains for Americans Traveling Abroad
Last August, a hotel room in Europe priced at 200 euros was about $224. Today, travelers spending American dollars would pay only $208. On…
Politics
So, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel?
President Trump recently ordered the U.S. Mint to stop producing pennies, for a simple-sounding reason. Each penny, he said, has…
Business
China unpaid wages case sparks misinformation on city's currency
The Chinese city of Changchun has not printed its own currency, contrary to social media posts from accounts that often fan anti-China…
Business
Asian currency index falls to two-decade low on Fed, tariff bets
ASIAN currencies fell to a two-decade low, as the US dollar remains buoyed by robust US growth and president-elect Donald Trump’s…
Business
Digital Currency Timeline Prediction
Alright, so digital currency is kinda taking over the conversation these days. It’s like everyone wants to know when this stuff will…