US dollar

Canadian dollar fall 'unsurprising': Dodge

Bank of Canada governor David Dodge said the decline in the Canadian dollar reflects ``fundamentals,'' and isn't ``surprising'' in light of slowing economic growth and a decline in crude oil prices.

Vietnam widens currency trading band

Vietnam's central bank has widened the band inside which its currency is allowed to trade against the US dollar in a move to create a more flexible exchange rate system, state media reported Thursday 4 January.

PBOC's Wu expects Fed rate cuts in 2007

The US Federal Reserve is expected to cut rates in 2007 and that will reinforce the dollar's downwards bias and the yuan's tendency to rise, a senior Chinese central banker was reported by the Financial News as saying.

Iran plans move towards euro from dollar

A spokesman for the Iranian government said Monday 18 December that the Central Bank of Iran will convert the state's foreign dollar holdings into euros and use the euro for foreign transactions.

BOT sets limit on Thai baht exchange

The Bank of Thailand (BOT) has made a major intervention in the markets to stem the soaring Thai baht, setting a reserve requirement on short-term capital inflows that will come into effect Tuesday 19 December.

Optimal currency shares in international reserves

The ECB Working Paper "Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar" says that foreign exchange reserve accumulation has risen dramatically in recent years.

Zimbabwe's Gono says he is unpaid

In reply to a question to Reserve Bank of Zimbabwe governor Gideon Gono on the New Zimbabwe.com web chat on Wednesday 6 December, Gono revealed he has not been paid since taking up the post at the central bank.

PBOC sees risks if dollar slides

The People's Bank of China said in a report published Thursday 7 December that it is concerned over a possible slide in the US dollar if there is a widespread move to sell off dollar assets.

Al-Suwaidi on the extended importance of the euro

In the speech 'The extended importance of the euro' given on 17 November Sultan Bin Nasser Al-Suwaidi of the Central Bank of the United Arab Emirates said the Euro will definitely grow to dominate trade outside the Euro Area.

China raises renminbi value

China has raised the value of the renminbi even as its central bankers rule out major reductions in the dollar share of the country's foreign exchange reserves.

UAE has no plans to diversify into yen reserves

The governor of the United Arab Emirates central bank said Friday 17 November the UAE does not see the Japanese yen as an attractive currency to diversify into from its existing foreign exchange reserves.

Iran will not use dollar in trade

Iran plans to carry out transactions in currencies other than the dollar in retaliation for US anti-Iran banking policies, IRNA reported Tuesday 14 November.

Qatar rules out reserve policy shift

Qatar central bank governor HE Sheikh Abdullah bin Saud al-Thani said Sunday 5 November that the Qatar has no plans to change its policy on foreign exchange reserves.

Syria says it will peg pound to SDR

Syria plans to remove the pound from its U.S. dollar peg and link it to the International Monetary Fund's special drawing rights (SDR) in the first half of 2007, the central bank governor told Reuters on Monday 30 October.

Greenspan notes increasing role of the euro

Former Federal Reserve chairman Alan Greenspan said in a speech on Thursday 26 October that both private investors and central banks were moving away from the U.S. dollar in favour of the euro.

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