US dollar

BOJ's Hirano says euro strength not to be G7 topic

Finance ministers and central bankers from the world's richest countries are unlikely to focus on the euro's strength against the dollar and yen next week, former Bank of Japan executive director Eiji Hirano said Tuesday 4 April.

IMF's Lipsky: reducing risk from global imbalances

In the speech 'Reducing the risk from global imbalances' given on 30 March John Lipsky of the IMF said consumption in China will strengthen as the financial system continues to develop and precautionary savings are reduced.

SAMA chief says Gulf states to keep pegs

In the run-up to monetary union in 2010 Gulf Arab states are committed to dollar-pegged exchange rates and will need "exceptional efforts" to meet the deadline, the Saudi central bank chief told reporters on Tuesday 3 April.

RBA's Ryan on the kangaroo bond market

In the speech 'Some general observations on the kangaroo bond market' given on 29 March Chris Ryan of the Reserve Bank of Australia said there are some clearly identifiable factors behind the particular strength in the Kangaroo bond market in recent…

Cleveland Fed's Pianalto on national currencies

In the speech 'The internationalization of national currencies' given on 27 March Sandra Pianalto of the Federal Reserve Bank of Cleveland said the United States benefits from the fact that a large share of world currency reserves is held in dollars.

Bernanke says Chinese $ holdings not problem

China`s accumulation of United States debt is not a problem for the US or for the Federal Reserve monetary policy, Federal Reserve chairman Ben Bernanke said in a letter dated 16 March but released on Monday 27 March.

RBZ's Gono warns on parallel market forces

Reserve Bank of Zimbabwe governor Dr Gideon Gono warned Thursday 22 March of the existence of "stronger forces" on the parallel market that are fuelling the slide of the Zimbabwe dollar against major currencies.

China's Zhou not worried on current inflation

China's central bank is not worried about the current level of consumer price inflation, People's Bank of China governor Zhou Xiaochuan was quoted as saying in a report by the official Xinhua News Agency on Wednesday 21 March.

China's Wen says investment won't affect dollar

China's prime minister, Wen Jiabao, tried to reassure the world about the country's financial goals Friday 16 March, saying the planned company to invest some of the $1 trillion in reserves won't affect dollar-denominated assets.

Takenaka says BOJ rate hike came too early

Japan's former economic and fiscal policy minister Heizo Takenaka has criticised the Bank of Japan in an interview published Friday 9 March for increasing interest rates in February despite continued deflation.

Venezuela speeding reserve diversification

Venezuela will speed up plans to pare holdings of dollars in its international reserves to reduce the nation's dependence on the world's most widely held currency, central bank president Gaston Parra said on TV Wednesday 7 March.

Pridiyathorn says BoT prevented crisis

M.R. Pridiyathorn Devakula, Thailand's finance minister, and former governor of the Bank of Thailand, has said expectations of dollar weakness have led to the heavy fund flows into other currencies, including the baht.

Reforming China's exchange rate policy

This Working Paper from the University of Venice is aimed at analysing the decision of the Chinese central bank to reform the exchange rate of the national currency and to gauge the effects of this change in regime on the Chinese economy and the world…

Why Oman pulled out of the single currency

According to this article from Gulf News, published Sunday 21 January, unique economic challenges mean that recent talk that the GCC monetary union is not necessarily possible could be right.

Tarisa says BoT created 'uncertainty'

The Bank of Thailand deliberately created "uncertainty" in the foreign exchange market to drive out speculators from Japan and the U.S. when it imposed curbs on investment, governor Tarisa Watanagase told Bloomberg in an interview Monday 15 January.

IMF says HK peg can withstand strong yuan

The International Monetary Fund on Tuesday 9 January gave its backing to the Hong Kong dollar's peg to the U.S. dollar, saying recent reforms meant the exchange rate could withstand Chinese yuan strength.

Bank of Sudan's Hassan sees 2007 growth up

In an interview with Reuters on Wednesday 10 January, Sudan's central bank governor Sabir Mohamed Hassan said the currency's appreciation against the dollar was worrying and the central bank was considering taking measures to address it.

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