US$50 BILLION SPENT TO DEFEND ASIAN CURRENCIES VS STRONG USD

Asian governments spent about $50 billion in foreign-exchange reserves last month — the highest level since…

STRONG USD HURTING EMERGING ECONOMIES

The dazzling rise of the US dollar, which has hit one record after another, is raising…

GBP SINKS AS USD SOARS

Sharp fluctuations of major currencies inject new uncertainty into fraught global economic outlook. As the British…

CHINA INTERVENES IN RMB & RAISES FX RISK RESERVE RATIO

China’s central bank on Monday (Sep 26) announced steps to slow the pace of the yuan’s…

BANK OF THAILAND WATCHING THB/INFLATION CLOSELY

Thailand’s central bank is closely monitoring the baht weakness but there has been no big concern…

JAPAN INTERVENES IN JPY. WHAT NEXT?

Japan intervened in the currency market on Thursday (Sep 22) to buy yen for the first time since…

SGD MOST RESILIENT ASIAN CURRENCY AGAINST USD

Singapore’s dollar has established itself as Asia’s most resilient currency against the US dollar this year,…

MYR TO FALL FURTHER AS US RATES RISE

The ringgit is expected to see further declines next week against the greenback at around the…

EURO FALLS TO 20-YR LOWS

The euro slides to $0.9876 after Russia scraps a Saturday deadline for flows from the Nord…

JPY YEN SLIDES TO 24-YEAR  LOW

Japanese Finance Minister Shunichi Suzuki said on Friday (Sep 2) that Tokyo will take “appropriate” action…