Egypt devalues its currency by over 30%
Egypt has devalued its currency, allowing it to weaken by about 35%. The pound plunged to 48.18 to the dollar in Cairo, down from around...
Category: FX
Forex is the first line of defence in Asia against the rise of the dollar
Central banks in the region have over $5.5 trillion in foreign exchange reserves that they can deploy to support their currencies, according to TD Securities’...
The dollar weighs on Asian economies
Chinese and Japanese authorities are intensifying their efforts to defend their currencies against the rising dollar, threatening to exacerbate inflationary pressures. On Wednesday, Japan issued...
Yuan normalization
The fall of the Chinese currency, nearly 6% over the last quarter, is similar to the performance of the other major Asian currencies: the yen,...
Une nouvelle guerre des devises ?
Les banquiers centraux désespérés pour maîtriser la marche incessante de l’inflation ont commencé à envoyer des signaux qu’ils accueilleraient non sans déplaisir une monnaie plus...