US dollar
Korea dips into Fed facility
The Bank of Korea is to tap the Federal Reserve for $4 billion as part of its $30 billion swap arrangement agreed at the end of last month.
The US deficit and the weak dollar puzzle
A paper from the International Monetary Fund investigates how the US current account deficit could remain large despite the depreciation of the dollar.
Dollar Libor spreads plummet to pre-Lehman levels
Money-market tensions showed further signs of easing on Wednesday, with the London Interbank Offered Rate (Libor) for three-month dollar loans plunging 20 basis points to 2.51%.
Fed extends swaps to emerging markets, cuts to 1%
The Brazilian, Mexican, Korean and Singapore central banks on Wednesday became the latest to set up swap arrangements with the Federal Reserve to counter dollar liquidity fears.
Trichet: joint action sets precedent
Monday's decision to provide broad access to liquidity and unlimited dollar funding marked a "world premiere" in exceptionally-confident cooperation between central banks, Jean-Claude Trichet, the president of the European Central Bank (ECB), has noted.
BoJ minutes reveal thinking behind dollar funding
The minutes of the Bank of Japan's Monetary Policy Meeting on 18 September reveal discussions that led to the central bank introducing dollar fund-supplying operations against pooled collateral as a temporary measure.
Central banks pledge more dollars
Central banks around the world unveiled a fresh round of dollar auctions on Tuesday, aimed at tiding the banking system over the year-end period when money-market tensions tend to heighten.
High commodity prices and the Canadian dollar
A new paper from the Bank of Canada examines the impact of the recent surge in energy and non-energy commodity prices on the loonie.
Banks favour Frankfurt for dollar auctions
Results of the European Central Bank's (ECB) and Bank of England's dollar auctions indicate the Frankfurt-based institution's operations are attracting more bids because of its more lenient collateral rules.
UAE launches emergency facility
The Central Bank of the United Arab Emirates on Monday became the latest monetary institution to inject funds to alleviate interbank tensions, pledging Dh50 billion ($13.6 billion).
Dollar less important when reserves abundant
The share of the dollar in global foreign currency reserves falls when reserve levels increase, finds a new paper from the European Central Bank.
US rates and dollar influence commodity prices
Shocks to US real interest rates and the dollar exchange rate lead to fluctuations in commodity prices, new research from Norges Bank indicates.
Dollar pegs should be reconsidered: King
Mervyn King, the governor of the Bank of England, warned on Wednesday that it would become "increasingly important" for countries to discuss abandoning their dollar pegs in the coming years.
US inflation and unemployment to rise: poll
US economic growth in 2008 will be slower than in 2007, with inflation staying high and unemployment rising, according to a survey of participants at the Chicago Fed's annual Automotive Outlook Symposium.
Dollar depreciation reflects value: IMF's Lipsky
The dollar is now the closest to its medium-term equilibrium value it has been in a decade and is set to remain the global reserve currency, said John Lipsky, the first deputy managing director of the International Monetary Fund.
SWFs scaling back dollar holdings, says FT
Sovereign wealth funds are reducing their dollar holdings, the Financial Times has reported.
Nobel laureate foresees dollar crisis
The value of the greenback could collapse within the next five years without reform of the global monetary system, Robert Mundell, a Nobel Prize-winning economist, has said.
ECB comments push euro to fresh high
The euro surpassed the $1.60 mark for the first time in its history after European Central Bank (ECB) officials said they would act to contain rising inflation.
Eurozone must avoid price spiral: France's Noyer
Christian Noyer, the governor of Banque de France, warned policymakers that the current wave of above-target inflation must not lead to a price and wage spiral.
Money matters in the US and euro area
A new paper from the Bank of Spain provides structural estimates for money and the natural rate of interest for the United States and the euro area.
China's peg harms economy
China's exchange-rate regime, which pegs the renminbi to the dollar, exacts high welfare costs from different sectors of the economy and poses long-term risks to financial stability, claims a new paper published by the European Central Bank.
Fed issues new $5 bill
The first of the Federal Reserve's redesigned $5 bills was used to buy a collection of former President Abraham Lincoln's speeches.
Markets rise on back of joint action
Global equity markets have surged following five of the world's most powerful central banks' announcement of their latest coordinated initiative on Tuesday.
UAE makes dollar loans following supply shortage
The Central Bank of the United Arab Emirates lent dollars on Monday 10 March after expectations that the authorities would revalue the dirham's peg against the greenback led to a currency shortfall. Media reports have also said that the central bank is…