Currency

The adoption of cryptocurrencies was one of the main discussions among BRICS member states at a business forum held in Moscow on Friday. BRICS group The bloc (Brazil, Russia, India, China and South Africa) seeks to reduce its…

Goldman Sachs suggests that the euro should now be considered the financing currency of choice, especially compared to the Swiss franc and Japanese yen, given current market conditions and expectations for the currency's performance.Key…

Lebanon is back in the news as conflict intensifies in the Middle East. Before these latest developments, Lebanon had already become a symbol of how quickly a seemingly stable society can slide into chaos. If you follow major events in the…

USD/CNY weeklyJamie MacGyver of Reuters comes out with a good column on the conundrum China faces as it seeks to stimulate the economy. He highlights that the moves could spark a rise in the yuan and that USD/CNY may also fall with US…

The European Central Bank and the Bank of England are likely to adopt "similar" stances on monetary policy going forward, although the BoE is expected to adopt a slightly more hawkish approach, according to analysts at UBS. In a note to…

Atsushi Mimura is Japan's Vice Minister of Finance for International Affairs, also known as the "top currency diplomat." The Japanese Ministry of Finance is the authority in Japan to order intervention in the yen. Mimura took over the…

By Nyasha Chingonu HARARE (Reuters) - Five months after its launch, Zimbabwe's new currency is under pressure as foreign reserves are eroded by rising grain imports, putting at risk the government's plan to make it the sole currency on the…

By Mark Jones LONDON (Reuters) - A total of 134 countries representing 98% of the global economy are now considering digital versions of their currencies, with nearly half at an advanced stage and pioneers such as China, the Bahamas and…

By Naomi Rovnick LONDON (Reuters) - Sterling hit a near 2-1/2-year high against the dollar and soared against the euro in moves analysts warned were fuelled by speculative interest rate bets that could quickly unravel in markets still…

SHANGHAI (Reuters) - After spending a year trying to put a floor under the slumping yuan, China's central bank is suddenly facing the opposite problem and is resorting to underhanded means to prevent the currency from rising sharply. The…