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Millennium spinoff fund bets on Indonesia, Singapore 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

The Year of the Renminbi? - THE EDGE SINGAPORE

Currencies

The Year of the Renminbi?

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

Currencies

European Central Bank moves to trademark 'digital euro'

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.

Currencies

European central banker calls for Euro to go digital

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.

Currencies

Trump's Covid-19 comeuppance sees investors shelter in the Dollar and the Yen

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.

Currencies

China vows to win digital currency race to contest dollar hegemony

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

Currencies

China strengthens Yuan to drive consumption

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

Currencies

Rise of the digital redback

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

Currencies

Did Covid-19 spur digital currency development?

(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?

Currencies

Are Asian currencies at risk?

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.

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