US dollar
PBOC's Tang sees strong pressure on yuan
'In the process of foreign exchange regime reform, the local currency still faces strong appreciation pressure,' said Tang Xu, director of the research department within the People's Bank of China, in an English-language paper prepared for a conference.
France's Breton hopes for ECB rate pause
French finance minister Thierry Breton said in an interview published Wednesday 25 October he hopes for a halt to interest rate hikes by the European Central Bank next year.
Liikanen on Finland, the EMU and the euro
In the speech 'Finland, the EMU and the introduction of the euro' given on 20 October Erkki Liikanen of the Bank of Finland said many of the asymmetric shocks feared by the opponents to Finland's adoption of the euro have already been realised over this…
Bahrain says Gulf to keep dollar peg after union
A common currency for the GCC Gulf Arab states will at first be pegged to the US dollar although the peg may be reviewed later, Bahrain's central bank governor said Thursday 20 October.
Reserve diversification - Danger for the dollar
According to this article published Tuesday 17 October by Daily FX, Russia has reignited the hot topic of reserve diversification and this time it is to the benefit of the Yen.
BIS paper on the euro as a reserve currency
The BIS Working Paper "The euro as a reserve currency: a challenge to the pre-eminence of the US dollar?" investigates whether euro financial markets have developed sufficiently to facilitate the emergence of the euro as a reserve currency on par with…
MAS maintains policy on Singapore dollar
The Monetary Authority of Singapore (MAS) is sticking to its policy of allowing slight, gradual appreciation of the Singapore dollar despite expectations of weakness in the economy, it said Tuesday 10 October.
China FX regime suitable, says PBOC's Fan
People's Bank of China advisor Fan Gang said Tuesday 10 October China has few alternatives to the dollar in terms of its reserve holdings, despite the risk of losses if the greenback falls.
Official says Syria converts some reserves to euro
The governor of Syria's central bank was quoted by AP on Tuesday 10 October as saying that the bank had converted half of its foreign currency reserves from U.S. dollars to euros.
China FX levels at US$1 trillion by October-report
China's foreign exchange reserves are expected to hit one trillion US dollars by September or October, the official Securities Times reported, citing a member of the central bank's monetary policy committee.
China's Zhou says no timetable to widen yuan band
The People's Bank of China has no timetable for widening the trading band for the yuan against the dollar, PBOC governor Zhou Xiaochuan said Thursday 21 September.
Hedge funds take backseat to Asian central banks
According to this article from Bloomberg, published Friday 15 September, hedge funds are taking a backseat to Asian central banks.
IMF says risk of 'disorderly' drop in dollar
A ``disorderly'' drop in the dollar is the biggest risk to world financial markets, the International Monetary Fund said Tuesday 12 September.
China can bear 3-5 pct rise in yuan's value - SAFE
Chinese companies can bear a three to five pct rise in the yuan's value, a foreign exchange regulatory official told the China Economic Times.
The euro as an invoice currency
A new ECB working paper investigates the determinants of currency invoicing in international trade.
Yuan volatility may signal appreciation
According to this article published Wednesday 16 August by Reuters, big swings in the dollar/yuan rate over the past three days suggest China's foreign exchange market is becoming freer and more volatile.
PBOC will increase yuan flexibility
The People's Bank of China said on Thursday 10 August that it would gradually increase the flexibility of the yuan's exchange rate and that market forces would play a fundamental role in determining its value.
Thailand acting to stem baht increase
Thai central bank governor Pridiyathorn Devakula said Wednesday 9 August the central bank has been acting to halt the baht's rise to prevent excessive strength in the currency from hurting exporters.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for April-June 2006, published 3 August, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
Report says PBOC shifts focus to yuan defense
State media reported that the People's Bank of China is to change the way that it sells sterilization bills into the market, indicating a policy shift towards defense of the exchange rate.
Cen bank reserve shifts not all that meets the eye
This article published Thursday 27 July by Reuters says a close look at IMF reserve data, and the dollar's moves in recent years, suggests central banks may not be undertaking conventional reserve diversification.
PBOC research head says yuan band wide enough
There is no need to widen the yuan-dollar trading band at the present time, the head of the research department within the People's Bank of China said in an interview.
MAS: Singapore can keep lid on inflation
Growth in the Singapore economy will continue to be supported by factors that underpinned the robust growth in 2005, the managing director of the Monetary Authority of Singapore told a press briefing on Thursday 20 July.
ECB's Bini Smaghi on global imbalances
In the speech 'European and Asian perspectives on global imbalances' given on 14 July Lorenzo Bini Smaghi of the ECB said for the euro area, Asia has now become a more important trade partner than the US.