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.
The suspect used to offer fake dollar bills at half of their actual value.
The yen and other safe-haven currencies were in demand on Monday. The yen, regarded as a haven in times of market turmoil by virtue of Japan’s status as the world’s biggest creditor,
The State Bank of Pakistan (SBP) released its first quarterly report on the state of Pakistan’s economy for the fiscal year of 2020 that stated progressive move as macroeconomic stabilisation process boosted with the initiation
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