Business
Thailand vows to curb baht swings as currency hits 4-year high
Thailand’s central bank vowed to take steps to ease baht volatility and limit the influence of gold prices after the local currency…
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currency
Fashion
Taiwan’s life insurers see big drop in currency hedging costs
The Taiwan dollar’s recent weakness and the resulting return of carry trades are quickly driving down local life insurers’ hedging costs.…
Business
Malaysia’s currency rally not over yet as analysts eye rate cuts
Analysts are now focusing on the potential benefits of lower domestic rates, with currency sentiment further buoyed by government…
Business
Chinese firms sell record amount of currency options in first half of 2025
Broad US dollar weakness has underpinned the renminbi, but domestic economic weakness and lingering trade uncertainty with the US have…
Business
Hong Kong resumes currency intervention spree amid low rates
Hong Kong’s brief pause from defending its beleaguered currency proved to be short lived, as the authorities were forced to buy local…
Business
Thailand seeks ways to curb gold price impact on currency
Thailand’s central bank and the finance ministry are discussing ways to address currency moves that are not aligned with fundamental…
Business
Australia takes another step toward a central bank digital currency
Australia’s central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with a…
Business
Hong Kong’s de facto central bank intervenes to defend currency peg
Hong Kong’s de-facto central bank said it intervened twice on Friday and sold US$3.78 billion against the Hong Kong dollar after the local…
Business
Bank of Korea halts digital currency project, pausing talks with banks
South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions…
Business
Hong Kong intervenes to defend FX peg as local currency drops
The Hong Kong Monetary Authority (HKMA) purchased HK$9.4 billion (S$1.5 billion) of local currency. This came after the exchange rate…
Business
Central banks in Asia are becoming wary of currency intervention
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market. The central banks of…
Business
Currency traders ditching the US dollar for euro on option bets
The euro is taking on a bigger role in the global currency options market as traders skirt around the US dollar given the risks from…
Business
Weaker greenback raises risk of currency mismatch for Asian insurers holding USD assets
A mismatch between the currencies in which insurers’ assets and liabilities are held can put pressure on their capital and ability to…
Business
Hong Kong Monetary Authority says outlook for local currency uncertain
The city’s de-facto central bank has made the comments in response to the US Federal Reserve’s overnight decision to keep rates unchanged…
Business
Hong Kong sells record amount of currency to defend exchange peg
The recent rally in currencies of trade-dependent Asian economies is fuelling concerns among central bank policymakers Hong Kong…
Business
U.S. Dollar Falls. The Euro Could Step Up as Reserve Currency
The U.S. dollar has fallen about 9 percent in the past three months, according to an index that tracks its performance against a basket of…
Business
Three Abu Dhabi giants plan stablecoin backed by UAE’s currency
Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price…
Business
U.S. Dollar’s Weakness Creates an Opportunity for the Euro. Can It Last?
President Trump’s shake-up of the global trade system has sent tremors through the long-held view that the United States is the source of…
Business
Dollar Doubts Dominate Gathering of Global Economic Leaders
On the sidelines of the spring meetings of the International Monetary Fund and World Bank this week, Treasury Secretary Scott Bessent…
Business
Authenticity is the new leadership currency
The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share…
Business
Asian currency index falls to two-decade low on Fed, tariff bets
ASIAN currencies fell to a two-decade low, as the US dollar remains buoyed by robust US growth and president-elect Donald Trump’s…
Business
Digital Currency Timeline Prediction
Alright, so digital currency is kinda taking over the conversation these days. It’s like everyone wants to know when this stuff will…
Business
Sri Trang Gloves posts Q3 loss of 86.5 million baht on depreciation of Thai currency
GLOVE manufacturer Sri Trang Gloves reported a net loss of 86.5 million baht (S$3.4 million) for the three months ended Sep 30, a 282.4…
Business
BIS to leave China-backed central bank digital currency project
THE Bank for International Settlements (BIS) said on Thursday (Oct 31) it would quit the cross-border payments platform Project mBridge,…