Currencies

A macro hedge fund spun out of Millennium Management LLC is building bullish positions in the Indonesian rupiah and Singapore dollar, betting that measures adopted by the two countries could boost

When billionaire investor Ray Dalio recently predicted that the Chinese renminbi will become a global reserve currency, the world took notice.

The European Central Bank has applied to trademark the term “digital euro” as officials prepare to release an assessment of the benefits and drawbacks of creating a digital version of the currency.

The European Central Bank must prepare to issue a digital euro to complement banknotes “if and when” it becomes necessary, ECB board member Fabio Panetta said on Friday.

The dollar rose and the safe-haven yen made its sharpest jump in more than a month on Friday after U.S. President Donald Trump said he tested positive for COVID-19, just a month ahead of the Nov.

China needs to become the first nation to issue a digital currency in its push to internationalise the yuan and reduce its dependence on the global dollar payment system, a commentary published by

Beijing is allowing faster gains in the yuan as it seeks to cheapen imports and bolster weak consumer spending.

SINGAPORE (July 17): Not having a smartphone in China can be a real handicap.

(May 22): With people observing social distancing measures during the Covid-19 pandemic, a serious concern has emerged. Can the virus spread via physical money?

SINGAPORE (May 15): After two months of turmoil, financial markets in Asia have stabilised. The region’s currencies weakened sharply against the US dollar in the early days of the Covid-19 crisis.