US dollar

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.

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.

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