Currencies

As the coronavirus exacerbates the so-called twin deficit in the U.S., the dollar may be starting to lose its draw as a reserve currency.
Currencies

US dollar loses shine as reserve currency for emerging economies

Washington's growing deficit drives central banks to euro, yen and gold

8 May 2021
A sign indicating digital yuan, pictured in Shanghai on Apr. 21: China is the most prepared among the large economies to launch a plausible CBDC.
Opinion

China's digital yuan is a transaction helper, not a Trojan horse

Beijing puts itself at the forefront of new currency development

3 May 2021
The internationalization of China's currency has been far slower than earlier anticipated.
Opinion

China reboots the internationalization of its currency

Beijing's motivations are more geopolitical than economic

29 April 2021
A vendor offering Turkish flags for sale walks past a currency exchange shop in an Istanbul market last month.
Economy

Turkey's revolving door of central bank chiefs whipsaws markets

Investors doubt Erdogan's will to fight inflation while public questions data reliability

22 April 2021
The rupiah has weakened 3.5% against the U.S. dollar since the end of 2020, making it the second worst performing currency among the first five members of ASEAN.
Economy

Indonesian rupiah slide ties central bank's hands

Bank Indonesia stands pat despite economy needing help to recover from COVID-slump

20 April 2021
The currency market trend comes as the U.S. coronavirus vaccination drive progresses. (Source photo by Reuters)
Datawatch

Dollar remains overvalued against yen and other currencies

Difference with theoretical value sows seeds of market unrest

20 April 2021
U.S. Treasury Secretary Janet Yellen: The Treasury Department said it will continue its "enhanced engagement" with Vietnam and begin such engagement with Taiwan.
Currencies

US starts pushing Taiwan to address undervalued currency

Treasury says island exceeds threshold but stops short of calling it a manipulator

17 April 2021
Malaysia's central bank hopes the move will improve the country's position in global supply chains and attract foreign direct investment. (Source photos by AP and Reuters) 
Economy

Malaysia eases currency protections as ASEAN vies for investment

Region's economies embrace deregulation to capitalize on US-China tensions

15 April 2021
U.S Treasury Secretary Janet Yellen, left, and Taiwanese President Tsai Ing-wen. Washington is set to label Taiwan as a currency manipulator in an upcoming report. (Source photos by AP and Reuters) 
Currencies

US set to brand Taiwan as currency manipulator even as ties warm

Despite trade and tech tensions, China is expected to be spared from list

15 April 2021
Janet Yellen in the Oval Office, pictured on Apr. 9: Treasury Secretary is rethinking the game.
Opinion

Biden sends China smoke signals via FX market

World's most important and fraught trade relationship desperately needs a reset

15 April 2021
A screenshot of the China Construction Bank digital yuan mobile app: Few are aware of the trial that is meant to eventually wean the public away from cash. (Photo by CK Tan)
Currencies

China's digital yuan ambitions face a bubble tea test

E-currency trials in several cities are also part of economic stimulus

19 March 2021
Under the trial, certain multinationals will be able to buy foreign currencies at will within certain limits and deposit the money into the major domestic bank accounts of their cross-border cash pools for overseas payments. 
Caixin

China tries more flexibility for multinational currency exchange

Pilot program for converting yuan funds more freely includes Royal Dutch Shell

15 March 2021
Yuan and dollar banknotes: we have to look at the fundamentals underpinning trend economic growth.
Opinion

Will the yuan rise to match China's growing economic power?

Once in place, the dominant international currency is not easily challenged

6 March 2021
China is conducting transactions with the digital yuan on a trial basis in Beijing and other major cities.(Photo by Iori Kawate)
Currencies

Thailand and UAE join China's global digital currency push

By pioneering payments in virtual money, Beijing aims to internationalize yuan

25 February 2021
The dollar's theoretical value is on the decline due to the pandemic.
Datawatch

Dollar actually worth 9% less than what other currencies pay for it

Greenback's credibility challenged by Washington's ballooning deficit

31 January 2021
Yuan and dollar banknotes: the cards may now be set for a reshuffle.
Opinion

Will China overthrow US dollar hegemony in East Asia?

Dependence on the dollar has long been a thorn in Beijing's side

28 January 2021
Samples of made-to-order sports team apparel at Zhang Yan's company in Tianjin: Zhang says orders fell at least 50% on the year for December. (Photo by Iori Kawate)
Economy

China's small exporters weakened by strong yuan and surging costs

Economic recovery comes at steep price for most vulnerable businesses

19 January 2021
A bank clerk counts Vietnamese dong banknotes: the U.S. Treasury Department accused Vietnam of devaluing its currency.
Opinion

Vietnam's bittersweet moment in Trump's spotlight

Currencies set to be the next flashpoint between Washington and Asia

21 December 2020
Japanese Prime Minister Yoshihide Suga looks on during a news conference in Tokyo on Dec. 4.
Inside Japanese politics

Suga draws line in the sand: Defend '100 yen' dollar barrier

Japanese leader braces for another Democrat entering the White House

21 December 2020
Treasury Secretary Steven Mnuchin speaks at a House Financial Services Committee hearing on Dec. 2.
Trade

Trump administration lands parting shot on Vietnam over currency

Biden treasury pick Janet Yellen likely to lead less combative approach

17 December 2020
Dealers at Hana Bank in Seoul on Dec. 11. The Kospi index has powered ahead this year.
Markets

South Korea threatens jail terms for breaking stock market rules

Stronger penalties brought in against practice of 'naked' short selling

11 December 2020
China's official app for the digital yuan: The central bank aims for a full rollout of the digital currency by the 2022 Winter Olympics in Beijing.
Currencies

China makes digital yuan transfers as easy as using a phone

Currency pilot program to launch in Suzhou as JD.com jumps on board

7 December 2020
China's central bank digital currency has been tested in three cities so far: Shenzhen, Suzhou and Chengdu.
Caixin

In depth: China's digital currency ambitions lead the world

Central bank's effort on standards is promoting yuan's international clout

3 December 2020
Bitcoin last attained a record value near $20,000 in a rally that lasted through December 2017.
Cryptocurrencies

Bitcoin tops $16,000 on PayPal bull run

Cryptocurrency could touch $20,000 as investor interest surges

13 November 2020
A digital yuan payment sign at a store in Shenzhen, one of four regions in China where central bank authorities have been conducting a pilot program.
Currencies

China's use of digital currency accelerates in trial program

Central bank seeks to work with international agencies on global legal framework

2 November 2020