US dollar
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.
UAE says reserves shift not political
In an interview with the Financial Times, the United Arab Emirates' central bank governor confirmed a strategic decision had been taken to move 10 per cent of its $29bn foreign exchange reserves into euros.
ECB paper on Japanese forex intervention
Based on a GARCH framework and change point detection, the ECB Working Paper "A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility" tests for a structural break in the effectiveness of…
IMF paper on the euro's challenge to the dollar
The IMF Working Paper "The euro's challenge to the dollar: Different views from economists and evidence from COFER (Currency composition of Foreign Exchange Reserves) and other data" examines opposing views on the euro's challenge to the dollar as an…
China can convert part of FX to gold - report
Two central bank officials suggested China can convert part of its foreign exchange reserves to gold holdings to head off risks from the depreciation of the US dollar, China's state media reported.
White House's Lazear: Stocks slide not alarming
Top White House economist Edward Lazear on Thursday 9 June played down concerns about recent declines in U.S. stock prices and weakness in the U.S. dollar.
Russia cuts US dollar holdings
Russia's central bank said on Thursday 8 June that it would cut its dollar reserves, while increasing its holdings of euros.
Macklem on floating dollar, anchored inflation
In the speech 'Floating Dollar, Anchored Inflation: The Role of the Exchange Rate in Canada's Monetary Policy Framework' given on 8 June Tiff Macklem of the Bank of Canada said the Canadian dollar's rapid recent appreciation reflects strong demand for…
BIS's Knight on long-term interest rates
In the speech 'Why have long-term interest rates been so low? Is the global interest rate cycle beginning to turn?' given on 12 May Malcolm Knight of the BIS discusses the surprising decline in real long-term interest rates that has taken place in…
IMF says Persian Gulf should consider peg
Persian Gulf countries preparing to establish a single currency should consider pegging to the euro as well as the dollar, according to the International Monetary Fund.
Bank of Jamaica to stick with US dollar reserves
The governor of the Bank of Jamaica, Derick Latibeaudiere, has said that the central bank will continue to maintain Jamaica's net international reserves (NIR) in U.S. dollars.
Knight on Asia, the dollar & global imbalances
In the speech 'Asia, the US dollar and global imbalances' given on 18 May Malcolm Knight of the BIS said global imbalances in current account deficits and budget deficits are "not sustainable".