Currency
US finds no currency manipulation in 2023, Japan added to monitoring list
THE US Treasury on Thursday said no major trading partner appeared to manipulate its currency last year, but it added Japan to a foreign exchange “monitoring list”, alongside China,...
Vietnam signals readiness to support dong as currency hits lows
THE State Bank of Vietnam (SBV) signalled that it’s ready to defend the dong after the currency slipped to a record low amid bouts of US dollar strength.The central...
India’s Bharti Airtel posts Q4 revenue miss on currency devaluation in Africa
INDIAN telecom operator Bharti Airtel reported fourth-quarter revenue below expectations on Tuesday (May 14), hurt by currency devaluation in Africa.
India’s second-ranked telecom carrier by subscribers said consolidated revenue from...
Currency markets steady before US inflation test
THE US dollar consolidated against other major currencies on Monday (May 13) as traders waited for US inflation data that may help determine whether the Federal Reserve could lower...
Yen’s fragility raises spectre of a new currency war in Asia
AS THE yen plumbs new lows, some investors are pondering an almost unthinkable scenario in a region busy bolstering falling exchange rates – a series of competitive devaluations that...
Japan warns of action over rapid currency moves
JAPAN may have to take action against any disorderly, speculative-driven foreign exchange moves, the government’s top currency diplomat Masato Kanda said on Tuesday, reinforcing Tokyo’s readiness to intervene again...
Asian central banks, consumers flock to gold amid currency weakness, macro uncertainty
GOLD prices have hit new highs in recent months, but several countries are still on a gold-buying spree as demand for the precious yellow metal has soared despite higher...
New Zealand’s central bank consulting on development of digital currency
NEW Zealand’s central bank is looking at the possibility of creating a digital currency and has begun consulting on design options, it said in a statement on Wednesday.“It would...
