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China’s digital currency passes 100 billion yuan in spending – PBOC
Transactions using China's digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China's central bank said on Wednesday, as the ...
15.10.2022
Indian Rupee Hits Record Low of 82 as Rising Oil Prices Weigh
The Indian rupee hit a record low against the dollar on Friday as rising oil prices, corporate dollar demand and growing fears of a hawkish Federal Reserve battered the currency this week.
The rupee fell as much as 0.4% to an all-time low of 82.356 to the dollar. It was also set to lose nearly ...
08.10.2022
Swiss franc not highly valued – SNB’s Jordan
The Swiss franc is not highly valued despite its nominal rise, Swiss National Bank Chairman Thomas Jordan told a Swiss newspaper, adding the central bank intended to be deliberately vague about how it sees the safe-haven currency.
"In the past, we referred to the Swiss franc as being highly valued ...
30.09.2022
Ruble Surges to Two-Month High as Demand for Cash Explodes
The Russian ruble surged nearly 3% against the dollar on Friday amid a surge in demand for cash, as Russians emptied their savings accounts in the wake of Wednesday's mobilization call by President Vladimir Putin.
The ruble rose 3% to trade at 57.08 against the dollar amid reports of a nine-fold ...
24.09.2022
Chinese Yuan Hits Near 2-Year Low as Recession Fears, Fed Risks Weigh
China’s yuan sank to a near two-year low to the dollar on Friday, as concerns over slowing growth in the country and hawkish comments from the Federal Reserve weighed on Asian currencies.
The yuan fell as much as 0.4% to 6.8144 to the dollar, its weakest level since September 2020. The fall comes ...
19.09.2022
Dollar edges down but posts gains for week; yuan slips past key level
The dollar index was down slightly on Friday but registered a gain for the week as investors expected the U.S. Federal Reserve to remain aggressive when it hikes interest rates next week, while China's yuan eased past the key threshold of 7 per dollar.
The dollar mostly held a slight gain ...
16.09.2022
Japan ruling party exec urges $209 billion stimulus to combat inflation, weak yen – Sankei
A senior Japanese ruling party official on Thursday suggested a stimulus package of more than 30 trillion yen ($208.97 billion) is needed to address inflationary pressures in Japan's economy, the Sankei newspaper reported.
"The supplementary budget of last year exceeded 30 trillion yen in size," ...
15.09.2022
It’s raining yen
A look at the day ahead in Asian markets from Jamie McGeever
Just as the yen's eye-popping plunge against the dollar grabs the world's financial market spotlight, investors will get a closer look on Thursday into the underlying state of the Japanese economy.
Revised second quarter GDP data, and ...
08.09.2022
C$ rebounds as Wall Street rallies, BoC signals more tightening
The Canadian dollar edged higher against its U.S. counterpart on Wednesday, with the currency rebounding from its lowest level in nearly eight weeks as investor sentiment picked up and the Bank of Canada raised interest rates to a 14-year high.
The loonie was trading 0.1% higher at 1.3135 to the ...
31.08.2022
Dollar Edges Lower; Eurozone Inflation Data in Focus
The U.S. dollar edged lower in early European trade Tuesday, falling back from a 20-year peak, as attention turns towards Europe, with Wednesday’s Eurozone inflation data likely to point to an aggressive ECB interest rate hike next month.
At 3:05 ET (07:05 GMT), the Dollar Index, which tracks the ...
30.08.2022
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