Stablecoins like USDT reveal real FX prices in emerging markets, exposing gaps between official and parallel rates.
A confident Chair Powell declared a hold for rates, and sounded a glass-half-full narrative for the US economy; we sniff some ...
President Trump and Treasury Secretary Bessent have both opined on the US dollar, actually in opposite directions.
NEW YORK and SINGAPORE and LONDON, Oct. 20, 2024 /PRNewswire/ -- Bank of America (BAC) is simplifying the management of foreign exchange (FX) risk associated with cross-currency payments and receipts ...
The U.S. dollar was soft on Thursday after lacklustre economic data cemented the case for a rate cut from the Federal Reserve next week, providing relief to the yen and pushing the euro to its highest ...
SEOUL (Reuters) -The United States and South Korea agreed that foreign exchange interventions should be reserved for combating excessive volatility, without targeting exchange rates for competitive ...
Bloomberg Index Services Limited today announced the launch of Bloomberg FX Fixings (BFIX) value tomorrow outright rates (T+1), the only benchmark on value T+1 basis available to the market.
Although the authorities say the foreign exchange rate is now fully market-determined, the International Monetary Fund (IMF) has described the system as “incomplete”.
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