Hong Kong sells record amount of currency to defend exchange peg
The recent rally in currencies of trade-dependent Asian economies is fuelling concerns among central bank policymakersPublished Tue, May 6, 2025 ...
Tag: Currency
Hong Kong ramps up FX intervention to defend currency peg
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg.The Hong Kong ...
Singapore dollar surges to 1.29 to US dollar amid Asia currency rally
Asian currencies rallied on Monday (May 5) on hopes of a thaw in the US-China trade war and regional tariff ...
Three Abu Dhabi giants plan stablecoin backed by UAE’s currency
Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price volatility like other ...
Asian currency index falls to two-decade low on Fed, tariff bets
ASIAN currencies fell to a two-decade low, as the US dollar remains buoyed by robust US growth and president-elect Donald ...
Sri Trang Gloves posts Q3 loss of 86.5 million baht on depreciation of Thai currency
GLOVE manufacturer Sri Trang Gloves reported a net loss of 86.5 million baht (S$3.4 million) for the three months ended ...
BIS to leave China-backed central bank digital currency project
THE Bank for International Settlements (BIS) said on Thursday (Oct 31) it would quit the cross-border payments platform Project mBridge, ...
Economists expect MAS to hold currency band steady amid sticky prices
SINGAPORE is set to buck the global easing trend and keep its policy bearings on hold as officials use the ...
US dollar’s best week in 2 years sends currency peers tumbling
The US dollar is having its best week since 2022. Geopolitical unrest, the odds of lower borrowing costs overseas and ...
US dollar’s best week in 2 years sends currency peers tumbling
The US dollar is having its best week since 2022. Geopolitical unrest, the odds of lower borrowing costs overseas and ...
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