Showing 1 - 10 of 10,000
Experts allay US-China currency war fears
Business, Published on 14/08/2019
» The tit-for-tat trade war between the US and China is likely far from over, but is unlikely to be spill over into a currency war, say trade analysts.
As dollar spikes, can China win the 'currency war'?
News, Published on 19/10/2022
» With the Federal Reserve maintaining high-intensity rate hikes, the currencies of China, Japan, and South Korea, all major Asian economies, have been more or less affected to varying degrees, and are under increasing pressure of depreciation. The exchange rates of the Chinese renminbi (with the offshore exchange rate as a reference), the Japanese yen, and the South Korean won have all depreciated significantly with the appreciation of the US dollar. As the three Asian countries share similar economic structures, most are on the main manufacturing output side. Many believe currency devaluation will be beneficial to exports, which is conducive to long-term economic stability.
US designates China a 'currency manipulator' as trade war rages
AFP, Published on 06/08/2019
» WASHINGTON: The United States on Monday formally accused China of manipulating its currency, marking the second major escalation in the two countries' spiraling trade war in just 24 hours.
Trump gripes on forex weigh on dollar, stoke 'currency war' fears
AFP, Published on 21/07/2018
» NEW YORK - The dollar slid against the euro and pound Friday as US President Donald Trump adopted an aggressive posture on trade and foreign exchange, stoking talk of a currency war in addition to a trade war.
'It hurts': DR Congo currency drops amid war spending, arrears payments
AFP, Published on 03/04/2023
» KINSHASA - A falling local currency, salary arrears payments and war spending have pushed up prices in impoverished Democratic Republic of Congo, leaving locals struggling to afford basics.
China's currency Catch-22
Asia focus, Published on 30/07/2018
» Officials at the People's Bank of China (PBOC) have long insisted that "China won't weaponise the renminbi". And yet, implicit in their promise not to manipulate the currency for strategic ends is their ability to do so if they so desire.
Thailand sidesteps currency storm
Business, Published on 07/09/2018
» The domestic economy looks safe and sound amid a wave of emerging-market turmoil, in stark contrast with 1997, when Thailand gave rise to an economic contagion that spread across Asia.
Facebook plans own currency
Associated Press, Published on 18/06/2019
» SAN FRANCISCO: Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too.
Currency speculation pressures baht
Published on 21/10/2021
» Foreign investors have been heavily speculating on the baht, weakening the local currency.
Beware of currency storms
Business, Published on 29/06/2024
» The health of Asian currencies has been making headlines lately. The Japanese yen has depreciated to the lowest in 38 years at 160 to the dollar, leading to reports that the Bank of Japan is signalling moves to reduce liquidity and possibly continue raising interest rates to control inflation and stop the depreciation.