Local Currencies Bow to the Mighty US Dollar in 2024
The dreams of a de-dollarization world kick-started by developing countries in 2024 remain just that, a dream. The US dollar outperformed all local...
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What De-Dollarization? US Dollar Bulldozes BRICS Currencies
The BRICS alliance kick-started the de-dollarization agenda to pull the US dollar down from the global reserve status and replace...
Political heat prods Japan and South Korea to team up on weak currencies
WASHINGTON – The success of Japan and South Korea at inserting language voicing concern over their currencies in a joint...
The Chinese Currency Drop Is Spurred By Fear And Envy
China's intention to weaken its currency is likely prodded by a mix of its macroeconomic troubles and rising competition with...
Where’s De-Dollarization? US Dollar Hammers Other Currencies in 2024
A handful of developing countries in Asia, Africa, and Latin America launched de-dollarization initiatives hoping to pull the US dollar...
Asian currencies can’t fight the dollar on a rampage
Paul O'Neill, a U.S. Treasury secretary under George W. Bush, ran into controversy on his first overseas trip when he...
US nods to ‘serious’ Japan, S.Korea concerns over slumping currencies
By Leika KiharaWASHINGTON (Reuters) -The United States, Japan and South Korea agreed to "consult closely" on foreign exchange markets in...
Asia braces for unwanted, but unavoidable FX battle
Asian countries probably don’t want it and they certainly didn’t cause it, but a ‘beggar thy neighbor’ wave of exchange...
Opinion | As yen sinks, Japan must avoid goading China into a currency war
Let’s hope Xi resists this urge. It’s not hard to count the ways such a move could backfire on the...
Funds make biggest bet against yen since 2007
Hedge funds have built up their biggest bet against the yen in 17 years, raising the prospect that when Japan’s...
