The US dollar as the world’s top reserve currency was never going to be replaced from one day to the next. But it might happen sooner than many would have expected. Largely unnoticed, the yuan...
Direct conversion between the yuan and the yen, which began about two years ago, has been an important milestone in the process of internationalising the Chinese currency. Although there has been a lot of progress...
The US dollar is little changed against most of the major currencies as summer market awaits the week’s key events that begin in earnest tomorrow. The Australian dollar is the biggest mover, dropping about 1.5%...
Federal Reserve chairman Ben S Bernanke has hinted that the economy may still require stimulus to bolster growth, that may lead to a rally in weak foreign currencies, especially in the emerging markets. Bank of...
