HKMA urges banks to widen scope of yuan use as currency’s global reach expands
Hong Kong’s financial authorities on Thursday outlined a road map to deepen the use of the yuan in corporate financing,...
Currencies
China lets yuan rise against North Asian peers to curb chip import costs, blunting undervaluation claims
China has allowed the renminbi to strengthen in nominal terms against the USD, EUR and key North Asian currencies (JPY, KRW and TWD) year to date, including close to 11% versus the KRW. In mid-June, German Chancellor Friedrich Merz called for a new Plaza Accord to address the EU trade deficit with China and implied the currency was 30% undervalued, but the recent moves in spot rates complicate arguments centred on undervaluation. Weak inflation has restrained appreciation in the real effective exchange rate (REER), even as nominal gains have run...
India’s HSBC Composite PMI misses estimates in June: What 57.1 means for the Indian Rupee
The final reading of India's HSBC Composite Purchasing Managers Index (PMI) was revised down to 57.1 in June from the...
Currency Check: Rupee gains 18 paise at open as weak dollar lifts sentiment — TradingView News
The Indian rupee opened higher on July 3, helped by a broadly weaker dollar after a tepid U.S. jobs report pushed...
Dollar heads for weekly drop as jobs data dims Fed hike bets
The U.S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid...
Japan’s Katayama: Ready to act appropriately on currency fluctuations
Japan’s Finance Minister Satsuki Katayama said on Friday that officials are ready to act appropriately on currency fluctuations. However, Katayama decllined...
The rise of emerging markets in Asia
AT A GLANCE:• As the developed world faces a slowdown, emerging Asian economies are expected to grow at twice the rate...
OMCs back in foreign exchange market? Spike in $ demand raises buzz
MUMBAI: The rupee closed at 95.4 against the dollar, down 15 paise from its previous close of 95.25 in the...
Most currencies expected to be stable
A man trades U.S. dollars for Ghanaian cedis at a currency exchange office in Accra, Ghana, file. REUTERS/Francis Kokoroko ABUJA,...
Geopolitical Events Create Turbulence for Southeast Asian Currencies
The combination of rising inflation, slowing growth and currency volatility presents a complex environment for policymakers in Southeast Asia as...
