US dollar
US claims victory over G7 call for flexible rates
US treasury secrtary, John Snow has claimed a victory in America's campaign to cajoule Asian countries to abandon pegs to the dollar. This follows the G7's communique's call for "flexibility" in exchange rates.
Will Asia play the gold card?
If Asian countries decide to sell their dollars and buy gold, the impact on the global financial system could be as dramatic as the collapse of the Bretton Woods fixed exchange rate system in 1971.
China should not rush to float its currency
Alan Greenspan's recent comment that China should float its currency and dump the dollar peg is not sound advice, this article in the Financial Times says. The abandonment of the dollar peg would open a Pandora's box in China and could leave the world…
Suriname changing name of its currency
Suriname is changing the name of its currency to the dollar from January when new banknotes will be printed, according to News-Journal. The exchange rate to the dollar will also be changed significantly.
Euro at two-month low ahead of Greenspan's comment
The euro dipped to new two-month low points against the dollar on Monday 14 July in nervous trading before US Federal Reserve chairman Alan Greenspan's imminent statements to Congress on monetary policy, according to a report by Sapa-AFP.
Venezuelan president agrees to relax controls
Venezuelan President Hugo Chavez said on Sunday 13 July that the country's strict exchange controls will be loosened to allow access to U.S. dollars, according to Associated Press. Chavez did not specify how the controls would be eased, however.
Bollard not concerned over NZ dollar strength
Reserve Bank of New Zealand governor Alan Bollard said on Tuesday 1 July that he was not concerned about the strength of the NZD "but we keep looking at it", according to One Business.
The case for a single currency for the planet
A recent conference in Italy debated the idea of a common global currency and a world central bank, according to the Wall Street Journal. If the euro can replace the franc, mark and lira, why can't a new world currency merge the dollar, euro and yen? A…
Euro rises as ECB cuts rates by 0.5%
Slowing inflation has prompted the ECB to at last cut rates by half a percentage point to 2%, after persistent pressure from the markets, Bloomberg reports. The immediate consequence was a rise in the euro.
U.S. unveils new $20 note with background colours
The New Color of Money: Safer, Smarter, More Secure. U.S. government officials on 13 May unveiled a new $20 note design with enhanced security features and subtle background colors. The new design is part of an ongoing effort to stay ahead of the…
U.S. Treasury remakes $20 to stop counterfeiters
The new US $20 note unveiled by the Bureau of Engraving and Printing on Tuesday includes the first change in the colour of U.S. currency in almost a century, Reuters reports
HKMA Quarterly Bulletin, March 2003
The Hong Kong Monetary Authority's Quarterly Bulletin for March 2003 includes articles on the 'External Demand for Hong Kong Dollar Currency' and 'Alternative Measures of the Real Effective Exchange Rate'.
Central bank aims to halt slide of Jamaican dollar
The Bank of Jamaica (BOJ) has taken additional steps aimed at halting the slide in the value of the Jamaican dollar against its United States counterpart.
Why is the gold price rallying?
Despite talk of deflation, concerns over the dollar’s strength have boosted gold’s standing, says David Hale.
RBNZ Bollard says rates may fall as currency rises
New Zealand's central bank chief Alan Bollard said on Thursday he may cut interest rates this year because a rising New Zealand dollar is slowing consumer spending and inflation.
Afghan currency strengthening - bank official
The governor of the Afghan central bank has said that following the redenomination, the value of the new Afghan currency against the dollar increased.
Dollar hits three-year low against the euro
The dollar fell to a three-year low against the euro Thursday, as investors continued to lose confidence in US assets and expectations grew of an imminent Iraqi war.
Argentina complies with IMF currency restrictions
Argentina's central bank on Tuesday night fully lifted all currency market controls with the dual goal of maintaining the current price of the dollar and complying with the demands of the International Monetary Fund.
Dollar at lowest level against euro since Jan 2000
The dollar plunged to its weakest level in almost three years against the euro and fell against the yen after a U.S. government report on declining producer prices raised concerns profit growth will slow.
China's central bank pledges to keep dollar peg
China's central bank governor has vowed to keep the yuan pegged to the U.S. dollar even as surging foreign investment and a widening trade surplus boost demand for the Chinese currency.
Rand near year highs ahead of rate news
South Africa's rand hovered near 13-month highs against the dollar as investors waited for the outcome of the central bank's quarterly monetary policy meeting.
US Economists' group criticises Fed rate cut
The Federal Reserves recent aggressive rate cut of half a point surprised most. It did nothing to improve sentiment in the markets with the dollar falling on the news as the US economy appeared to be in worse shape than was thought. Now the Shadow Open…
Euro rises above $1 mark in trading
GERMANY - The euro rose above a dollar Tuesday and hit its highest level against the U.S. currency in more than three months amid fears that the U.S. economic recovery may be faltering.
Tokyo stocks fall more than 1 percent Thursday
JAPAN - Tokyo stocks fell more than 1 percent Thursday after a long awaited government economic package failed to impress investors, who sold select blue chip shares. The dollar slid against the yen.