Competitive currency devaluation does not benefit any country and could cause chaos to global financial order, former China central bank governor Zhou Xiaochuan said on Friday.
Japan’s top currency diplomat issued a warning against excessive volatility in the exchange-rate market, threatening to act if currency moves become too volatile.
The Riksbank, Sweden’s central bank, said it still expects to tighten policy around the turn of the year, surprising markets and sparking big gains in the long-suffering crown currency.
Trump-administration driven Western sanctions are blocking the massive reconstruction aid and investment Syria needs to rebuild.
US President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, as Beijing warned that Washington’s decision to label it a currency manipulator would lead to chaos in financial markets.
Central banks in Asia, Australia and New Zealand (NZ) have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the risk of a chase to the bottom.
The suspect used to offer fake dollar bills at half of their actual value.
A US-China currency agreement being floated as a symbol of progress in last week’s trade talks between the world’s two largest economies would largely repeat past pledges by China, currency experts say, and will not change the dollar-yuan relationship
Two men posed as wealthy investors in a botched attempt to con a businessman out of cash. They were on Thursday jailed for one year and fined Dhs40,000.