US dollar
Qatar to keep riyal pegged to dollar
Abdullah al-Thani, the governor of the Qatar Central Bank, said that the riyal would remain pegged to the US dollar on Tuesday.
Central bank gold sales to approach limit
Members of the central bank gold agreement (essentially the eurozone plus Sweden and Switzerland) have sold 396 tonnes in the first 10 months of the "gold year", as much as the total for the whole of last year.
Gono denies parallel trading by central bank
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has denied reports that the central bank is tapping unofficial currency markets in search of foreign currency, notably dollar and South African rand.
NZ finance minister knocks CB migration plans
Michael Cullen, New Zealand's finance minister, criticised the Reserve Bank of New Zealand's proposal to limit immigration in order to curb rising house prices in parliament today.
Dollar sell-off claims prompt Chinese reaction
A spokesperson for the People's Bank of China has countered reports in the British media that the central bank plans to use its vast dollar reserves as a political weapon against the United States.
Intervention fails to stem equities sell-off
The wide-scale intervention by central banks around the world on Thursday and Friday reduced spreads in domestic money markets, but failed to stop the declines in global stock markets.
Australia raises rates to 6.5%
The Reserve Bank of Australia has increased interest rates by 25 basis points in an attempt to ward off inflation.
Fed looks to stabilise economy with rate hold
Against a backdrop of mounting concern over the health of the American economy, the Federal Reserve decided to leave its federal funds rate at 5.25% yesterday.
Zimbabwe issues new $200,000 note
The Reserve Bank of Zimbabwe has introduced the latest in a series of temporary banknotes which are intended to relieve a critical shortage of notes in the inflation-ravaged country.
Kuwait lets dinar fall again
Kuwait allowed the dinar to depreciate against the dollar for the second straight working day on Sunday July 29, this time by 0.05%.
Kuwait lets dinar appreciate further
The Central Bank of Kuwait has allowed its currency, the dinar, to appreciate against the dollar for the third time in two months. The dinar subsequently appreciated by 1.7%.
Mixed message from Bernanke
Testimony today from Ben Bernanke, the chairman of the Federal Reserve, before the House of Representatives Committee on Financial Services gave a somewhat mixed message as he predicted that while he expects economic growth to pick up slightly next year…
Concerns remain over rising baht
The Thai central bank was has been urged by the country's military-backed government to cut its key interest rate further to try to stem the rise of the baht, the country's currency, which has reached ten-year highs against the dollar.
Mexico ends dollar sales for three months
Mexico's central bank, Banco de Mexico, announced today that it will not sell dollars in the third quarter of 2007.
Inflation surprise lifts New Zealand dollar
New Zealand's benchmark interest rate is widely expected to be raised by a quarter of a percentage point to a record level of 8.25% next week, after a report published today revealed that inflation has risen faster than the Reserve Bank anticipated. The…
South African reserves approach $26 billion
The South African Reserve Bank has announced that net gold and foreign exchange reserves rose last month to $25.94bn from $28.28bn at the end of May. The central bank said gross reserves were up at $28.28bn from $27.85bn the previous month, and net…
Bank of Thailand intervenes to weaken baht
The Bank of Thailand, the country's central bank, announced on 5 June that it has intervened in the currency market in an attempt to slow down the rise of the baht, the national currency.
NZ lawmakers to review monetary policy framework
Lawmakers in New Zealand are set to consider new measures to widen the focus on monetary policy and provide the central bank with more policymaking tools.
Thailand governor cool on currency risks
Bank of Thailand governor Tarisa Watanagase says she dioes not expect another currency crisis like the one which hit the country ten years ago.
RBNZ may continue to sell its dollar - deputy gov
Grant Spencer, deputy governor of the Reserve Bank of New Zealand said on 27 June that the central bank may continue selling its domestic currency, now trading at its highest level in more than two decades.
Bank of Israel leaves rates unchanged
The governor of the Bank of Israel, Stanley Fischer, announced on 25 June that the monetary rate for July 2007 will remain unchanged at 3.5%.
The continuing rise of the kiwi
The New Zealand dollar continues its rapid rise on perceptions that the central bank will be unable to stem a rally powered by Japanese investors looking for higher yields. The currency rose to its highest level in 22 years on 25 June.
RBNZ intervenes in currency market again - traders
Foreign currency traders say that the Reserve Bank of New Zealand again intervened in the market on 18 June. This follows a statement by the central bank last week acknowledging that it had done so for the first time since it set up a fund for…
No policy shift for currency, says UAE governor
Investors expecting the dollar-pegged dirhan to appreciate received a strong message yesterday from the governor of the United Arab Emirates central bank, Sultan Nasser Al Suwedi, who said "We rule out any change for the forseeable future".