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| China's Currency Policy May Be Facing a New Chapter "A degree of undershooting" in the dollar against the yuan "is probably necessary to provide reformists in China's policy circle a window of opportunity to lobby for more capital account liberalization," analysts led by David Bloom, global head of currency strategy at HSBC Holdings Plc in London, wrote in ...
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| Iran's police step in to contain foreign currency debacle Pourebrahimi addressed moderate parliament Speaker Ali Larijani, saying, "I ask you to enter the issue of the foreign currency exchange rate. The Central Bank has been inefficient at managing the foreign exchange market." He also told Larijani, "You should notify the president: The foreign exchange ...
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| South Africa ETF, currency hold gains as President Zuma resigns South African assets held their whopping daily gains as President Jacob Zuma resigned from office in a televised speech late Wednesday. His resignation had been expected after the leadership of the African National Congress party had given him 24 hours before facing a vote of no confidence.
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| C$ dips as investors assess commodity-linked currency bets TORONTO: The Canadian dollar edged lower against its US counterpart on Tuesday as investors assessed bets on commodity-linked currencies and weighed gloomy remarks by Canada's chief negotiator at talks to modernize NAFTA. At 4 p.m. EST (2100 GMT), the Canadian dollar CAD=D4 was ...
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| European official: Digital currencies inefficient way to pay A top European monetary official says digital currencies are no substitute for conventional money issued and managed by central banks. Jens Weidmann said in a speech Wednesday that digital currencies such as Bitcoin are not good means of payment because their values fluctuate so rapidly.
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