Bangladesh’s central bank has reaffirmed its stance on maintaining a fixed exchange rate for the US dollar, as part of its ongoing efforts to stabilize the local currency and manage the dollar crisis that has intensified since the start of the financial year 2022-2023. Today, Bangladesh Bank (BB) engaged with…

By Herbert Lash NEW YORK (Reuters) -The dollar climbed to its highest level in more than a year against the Japanese yen on Monday, near the key psychological level of 152, before falling sharply in a flurry of trading in $3.45 billion of options that come due this week. The…

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The spotlight currently shining on Japan’s yen, and speculation around whether Tokyo will intervene to prevent further depreciation, will likely intensify on Tuesday with traders poised to push the currency…

By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday that the government would take all possible steps necessary to respond to currency moves, repeating his usual mantra that excessive swings were undesirable. Suzuki made the remarks when asked about impacts from the weak…

Investing.com– Most Asian currencies crept lower on Tuesday, while the dollar clocked small gains before key U.S. inflation data that is expected to determine the path of monetary policy. Concerns over China also weighed on regional sentiment, as data showed a further slowdown in in the country through October. This…

Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday ahead of the latest inflation data that could determine the path of U.S. monetary policy, while sterling gained as U.K. workers continued to receive healthy wage increases.  At 03:10 ET (08:10 GMT), the Dollar Index, which tracks…

By Herbert Lash NEW YORK (Reuters) -The dollar fell more than 1% against major currencies on Tuesday after U.S. consumer price data showed the pace of inflation moderating further in October, increasing the odds that the Federal Reserve is done hiking interest rates. U.S. consumer prices were unchanged last month…

Investing.com– Most Asian currencies rose on Wednesday, while the dollar languished at over two-month lows after weaker-than-expected U.S. inflation data spurred bets that the Federal Reserve was done raising interest rates. Some positive economic data, coupled with a massive, 600 billion yuan ($83 billion) liquidity injection by the People’s Bank…

Asian currencies, including the Indian rupee, saw a significant upswing on Wednesday as U.S. consumer price data released the previous day fueled market expectations for a potential Federal Reserve interest rate cut by May 2024. The unchanged consumer prices and the smallest annual rise in underlying inflation in two years…

Citi, a global financial services firm, has announced a partnership with the Monetary Authority of Singapore (MAS) to develop an innovative blockchain-based solution for foreign exchange (FX) transactions. The initiative, part of Project Guardian, aims to enhance the cross-border trading process by providing real-time FX price quotes and recording trade…