Sterling
US debt ratio drives international exchange rates: Bank of Canada
A Bank of Canada paper posits that the debt to GDP ratio in the US and commodity prices have great impact on bilateral exchange rates
Dollar reserves dip
Latest Annual Report from the International Monetary Fund shows official sector shifting into euro, yen
Bank’s second monetary-policy roundtable
Bank of England summarises its monetary-policy roundtable
Are Libor spreads near the new normal?
A decline in interbank spreads shows confidence is returning. But, the margins at which spreads settle are likely to reveal much about how the crisis has changed the face of finance for years to come, Claire Jones, the editor of CentralBanking.com, says.
Harare abandons Zim dollar for foreign currencies
The Zimbabwean government has said that it will allow businesses to accept multiple currencies alongside the effectively worthless Zimbabwean dollar.
Sterling edges towards euro parity
The dramatic decline in the value of the British currency showed few signs of abating as it edged towards parity with the euro on Wednesday.
Pound could sink to par with euro "within weeks"
The pound will reach parity against the euro on the back of a stream of poor news on the macro front and expectations on interest rates, market participants say.
Bank of England's September minutes
The minutes from the September meeting of the Monetary Policy Committee show most members judged maintaining the current rate necessary to bring inflation back to target.
Interbank rates creep up in Europe
Money market tensions are showing signs of re-emergence, with interbank rates hitting levels not seen since mid-January for euro and sterling borrowing.
Interbank rates edge down again
Money market tensions eased further on Friday, signalling that the joint action announced by five of the most powerful central banks last week is having some impact in narrowing spreads between interbank and central banks' benchmark rates.
Joint action lessening interbank spreads
In a sign that central banks' concerted action aimed at easing money market tension is doing just that, banks' borrowing costs fell further on Thursday.
Central bank injections reduce borrowing costs
Central banks' attempts to narrow the spread between their benchmark and money market rates by offering funds at attractive costs have met with some success.
UK cut does little to alleviate interbank tension
Sterling interbank borrowing costs fell only slightly in response to the Bank of England's 25 basis point rate cut on Thursday, indicating that the cut did little to alleviate liquidity tensions.
SWFs more likely to diversify than central banks
Sovereign wealth funds are much more aggressive in diversifying foreign exchange assets than central banks, says Mansoor Mohi-uddin, the managing director of foreign exchange strategy at UBS, a leading investment bank.
The only way is down
Avinash Persaud, the chairman of Intelligence Capital, a financial advisory firm, predicts the dollar will drop to $1.70 against the euro and $2.20 against sterling before central banks intervene.
Dollar hits new low on back of Chinese comments
Sterling and the euro reached record highs against the dollar on Wednesday after a senior Chinese official said the government should diversify its foreign exchange reserves by swapping dollars for stronger currencies.
Canadian dollar begins to slide
The Canadian dollar fell on Thursday from an all-time high as worries grew over the effect of the US subprime mortgage crisis on corporate profits and stocks slumped. Analysts said that the market was "definitely overextended".
Currency diversification by Central Bank of Russia
The Central Bank of Russia has added the Swiss franc to the currency composition of its foreign exchange reserves and is considering other plans to diversify their structure, Alexei Ulyukayev, its first deputy chairman, has said.
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.
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.
ECB lifts rates to 4%
The European Central Bank has raised its key interest rates by 25 basis points to 4%, taking rates in the eurozone to their highest level for six years. This latest increase means that interest rates have doubled in 18 months.
Syria to abandon dollar peg in July
The governor of Syria's central bank, Adib Mayelah, announced that the country will abandon the Syrian pound 's peg to the dollar in an effort to stem rising costs and inflation.
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.
Oman to keep 80% dollar reserves
Oman favours keeping most of its $5 billion of central bank reserves in dollars rather than euros because the US currency pays higher interest, the central bank governor was quoted by Reuters as saying.