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China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary, the People’s Bank of China (PBOC) said on…
Thailand’s central bank vowed to take steps to ease baht volatility and limit the influence of gold prices after the local currency rallied to a four-year high. The baht rallied to its…
The Taiwan dollar’s recent weakness and the resulting return of carry trades are quickly driving down local life insurers’ hedging costs. Three-month dollar hedging costs using Taiwan…
Broad US dollar weakness has underpinned the renminbi, but domestic economic weakness and lingering trade uncertainty with the US have limited its upside Chinese companies sold a…
Hong Kong’s brief pause from defending its beleaguered currency proved to be short-lived, as the authorities were forced to buy local dollars for the third time in a week amid stock…
Thailand’s central bank and the finance ministry are discussing ways to address currency moves that are not aligned with fundamental factors, including the impact of gold prices, according…
Australia’s central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with a range of industry partners pursuing…
Hong Kong’s de-facto central bank said it intervened twice on Friday and sold US$3.78 billion against the Hong Kong dollar after the local currency hit the weak end of its trading…
South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions related to the initiative. The Bank of…
The Hong Kong Monetary Authority (HKMA) purchased HK$9.4 billion (S$1.5 billion) of local currency. This came after the exchange rate touched the weak end of the permitted 7.75 to 7.85 per…
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market. The central banks of India and Malaysia have reduced the size of some…
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 unpredictable US policy and a global trade war. There’s…
A mismatch between the currencies in which insurers’ assets and liabilities are held can put pressure on their capital and ability to fulfil the liabilities. This is the issue currently…
The city’s de-facto central bank has made the comments in response to the US Federal Reserve’s overnight decision to keep rates unchanged The Hong Kong Monetary Authority (HKMA)…
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 major trading partners. Not since the 1970s has…
Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price volatility like other digital tokens, such as Bitcoin …
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 the world’s safest financial assets. That’screated…
On the sidelines of the spring meetings of the International Monetary Fund and World Bank this week, Treasury Secretary Scott Bessent tried to convey an important message about the United…
The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual…
ASIAN currencies fell to a two-decade low, as the US dollar remains buoyed by robust US growth and president-elect Donald Trump’s tariff-hike vows. The Bloomberg Asia Dollar Index slipped…
THE Bank for International Settlements (BIS) said on Thursday (Oct 31) it would quit the cross-border payments platform Project mBridge, raising questions about how the scheme backed by…
SINGAPORE is set to buck the global easing trend and keep its policy bearings on hold as officials use the strength of the currency to tackle still-exorbitant living costs. The Monetary…
