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Currency Exchange

Currency Exchange

Japan Silent on Yen Intervention as Currency’s Slide Continues

Tokyo said it was ready to take any action if the yen’s instability carries on much longer – even though…

7 months ago

Global Economy Showing Signs of De-Dollarisation, Says JPMorgan

"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined…

11 months ago

Indian Rupee Weakens as RBI Pulls Highest Value Currency Note

In contrast to the rupee, other Asian currencies were mostly higher after US Federal Reserve chairman Jerome Powell struck a…

11 months ago

Russia Wants All India Trade in Rupee-Ruble – Firstpost

Increasing oil deals between the two countries have already begun to corrode the US dollar’s long-running dominance in energy trade

1 year ago

India to Discourage Foreign Trade Settlement in Chinese Yuan

One of the government officials directly involved in the matter said New Delhi is "not comfortable" with foreign trade settled…

1 year ago

More Countries Bet on India’s Rupee Settlement Mechanism

The system has already been used by Russia following the imposition of sanctions on Moscow over the Ukraine war

1 year ago

Investors Bet on End of Dollar Bull Run, Eye Asian Currencies

Emerging market currencies have outperformed their developed market counterparts this year and analysts say signs point to a broader turn…

1 year ago

Myanmar-China Traders Battered by Forex Rates, New Rules

The traders have been critical of the gap between the market rate and the regulated exchange rate of the local…

2 years ago

Pakistan Rupee Falls Again, Deepening Economic Crisis

The slide has deepened an already difficult economic crisis, as Pakistan struggles with depleting foreign currency reserves and a current account deficit

2 years ago

China Forex Regulator Keeping Close Eye on Fed Policies

The State Administration of Foreign Exchange (SAFE) said China's foreign debt was expected to maintain "reasonable and orderly" development

2 years ago

Dollar Continues Rally, Climbs 24-Year Peak Against Yen

The dollar climbed to as high as 137.28 yen in morning trading, its highest since late 1998 before lightly paring…

2 years ago