US dollar
Why Argentina did not have a currency board
The commonly held belief that Argentina ran a currency board from 1991 to 2002 is wrong, argues Steve Hanke
Bernanke spooks markets with bank failure warning
The dollar hit a record low against the euro after Ben Bernanke, the chairman of the Federal Reserve, warned that small banks could fail in the coming months.
UAE governor rejects Greenspan advice
The United Arab Emirates will keep the dirham pegged to the dollar despite calls from former Fed chairman Alan Greenspan to float its currency.
Canadian exchange rate key to monetary policy
The exchange rate of the loonie is a key element of the Bank of Canada's monetary policy framework, said Paul Jenkins, the senior deputy governor at the central bank.
Canada will not slump despite slight slowdown
Though the likelihood of a recession in the United States has increased greatly, the Canadian economy will continue to grow, said David Dodge, the outgoing governor of the Bank of Canada.
Canadian banks may not match central bank cut
Some of Canada's biggest commercial banks say they are considering leaving borrowing rates unchanged even if, as expected, the Bank of Canada cuts rates next Tuesday.
Saudi must diversify investments, says top bank
The National Commercial Bank, Saudi Arabia's largest state bank, has called on the government to set up a sovereign wealth fund to cut the country's exposure to the greenback. The central bank should also look at de-pegging the riyal from the dollar.
Bank Indonesia avoids rate cut on price fears
Bank Indonesia's rate-setting board voted to keep rates on hold at 8% on Tuesday after inflation remained way above the central bank's medium-term target in December.
Fed minutes: dissenters' views
Eric Rosengren and William Poole, two presidents of regional Federal Reserve's and voting members of the Federal Open Market Committee (FOMC), both disagreed with aspects of the central bank's recent decisions regarding monetary policy and open market…
Research shows dollarisation and rates link
Since the adoption of inflation targeting and a floating exchange rate in 1999, real interest rates in Brazil have fallen as levels of dollarisation in the economy have dropped, research published by the International Monetary Fund finds.
Central Bank of Kuwait - Annual Report 2006-2007
In a bid to combat rising inflation, the Central Bank of Kuwait raised the exchange rate of the Kuwaiti dinar against the greenback from 292 fils to 289 fils per dollar.
Interbank rates edge down again
Money market tensions eased further on Friday, signalling that the joint action announced by five of the most powerful central banks last week is having some impact in narrowing spreads between interbank and central banks' benchmark rates.
Joint action lessening interbank spreads
In a sign that central banks' concerted action aimed at easing money market tension is doing just that, banks' borrowing costs fell further on Thursday.
Taiwan hikes rates to 3.375%
The board of the Central Bank of the Republic of China (Taiwan) on Thursday opted to raise its benchmark discount rate by 12.5 basis points to 3.375%.
Central banks collaborate to ease interbank woe
In one of the most significant co-operative central banking efforts of modern times, five of the world's most powerful monetary authorities joined forces in a bid to restore order in the interbank markets.
Carry trade returns high but losses heavy
Though carry trades in various Asian currencies tend to outperform major stock markets, there is a relatively high frequency of large negative returns, research published by the Bank for International Settlements finds.
Chinese inflation surpasses previous peak
China's inflation accelerated further in November after matching the 11-year peak reached in August the previous month.
Canada's Dodge and Carney assess outlook
Mark Carney, who is set to become the Bank of Canada's new governor next February, appeared in front of Canadian parliamentarians last week, as did current incumbent David Dodge.
Subprime aftermath risks exacerbating imbalances
Financial market turbulence, together with a significant slowdown in the United States, could lead to and be exacerbated by a disorderly resolution of global current account imbalances, says the Bank of Canada's latest Financial System Review.
Dollar's value linked to US productivity
A more productive United States workforce indirectly enhances the dollar's value, research published by the San Francisco Federal Reserve finds.
Canada surprises markets with quarter-point cut
The Bank of Canada's rate-setting board voted unexpectedly on Tuesday to cut its benchmark overnight rate by 25 basis points to 4.25%.
EU and China agree measures on "severe" movements
A meeting between Jean-Claude Trichet, the president of the European Central Bank, and his Chinese counterpart, Zhou Xiaochuan, has resulted in the People's Bank of China saying it will co-operate with the EU to avoid "severe" fluctuations in exchange…
Koruna's rise presents mixed blessing
Ludek Niedermayer, a vice governor of the Czech National Bank, parried calls for the central bank to act on the appreciation of the koruna and said that the increase in the currency's value made euro accession more favourable.
Dollar fall hampering Chinese reserve management
Wen Jiabao, China's premier, said on Monday that the fall in the value of the greenback was making it difficult to manage the country's reserves.