Fitch Ratings said has downgraded Sri Lanka's long-term foreign-currency issuer default rating, reflecting its view that a sovereign default process has begun

The yen was trading at more than 126 against the dollar at one time, reaching the lowest level since May 2002

Former Hong Kong Monetary Authority chief Joseph Yam says US sanctions against Russia will undermine the dollar.

Saddled with a huge foreign exchange crisis, Sri Lanka on Tuesday suspended servicing external public debt pending the completion of its IMF discussions

The deficit could reach $130 billion for fiscal 2022 if crude oil bounces back to $130 a barrel and the yen trades at 120 against the dollar

The Central Bank of Myanmar ordered banks and other holders of foreign currency to convert these deposits into the local kyat currency

The US dollar index strengthened on Friday, supported by the prospect of more aggressive Federal Reserve interest rate hikes. It has gained ground on many rivals over the past month

The currency was hovering near 300 per US dollar on Wednesday, down 32% in the year to date and lagging behind even Russia’s rouble

Hong Kong's currency peg means homebuyers could face fast-rising interest rates, because of its linked exchange system and upcoming US rate hikes, Nomura says

Companies were hit by supply disruptions and surging raw material costs caused by the Ukraine crisis and expect conditions to worsen in the three months ahead

That gave it the third-largest share of the central bank's reserves. US dollar reserves fell to 80.34% of the total from 86.03% a year earlier

A soft yen was long seen as a boon to Japan's economy, but the country may need to rethink a fundamental assumption of its economic approach