The Bank of Mauritius is currently experimenting with the launch of a digital rupee, as confirmed by its Governor Harvesh Seegolam at the Bloomberg Financial Forum on Wednesday. This development is part of the central bank’s initiative to modernize its financial services sector and position itself as a multinational treasury…

By Marc Jones LONDON (Reuters) – Developing national digital currencies are at risk due to a lack of legal powers to issue them in most of the world, the head of the global central bank umbrella body, the Bank for International Settlements, warned on Wednesday. While countries generally have laws…

In a recent development, the Bank of Japan (BoJ) is exercising restraint against premature tightening in Japan’s monetary ecosystem, as reported on Wednesday. This move comes amid warnings to traders about the potential pitfalls of aggressively shorting the Japanese Yen (JPY), considering possible interventions from the Ministry of Finance (MoF).…

The is bracing for the upcoming Golden Week holiday, an event that will lead to a temporary trading halt in mainland China while continuing globally, potentially leading to asset disparities. This eight-day period, which starts on Thursday, will see a lack of daily reference rates due to the closure of…

Investing.com– Most Asian currencies moved little on Thursday amid persistent concerns over hawkish signals from the Federal Reserve, while the Japanese yen rose slightly as markets watched for any intervention in currency markets by the government.  The dollar remained perched at 10-month highs, with the and moving little in Asian…

The U.S. dollar held its position near a 10-month high against a basket of major currencies on Thursday. The dollar’s strength was buoyed by optimistic U.S. economic data and anticipatory remarks from Federal Reserve officials. The , which measures the greenback against other major currencies, hovered around 106.58 after hitting…

Eisuke Sakakibara, also known as ‘Mr Yen’, has projected that Japan may intervene if the yen crosses the 150 mark against the dollar, with concerns escalating at a level of 155. Sakakibara, who is currently leading the Institute for Indian Economic Studies, expressed these views on Thursday. Sakakibara went on…

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee has gained 6.1% against the dollar so far in September, following an official clampdown on illegal foreign exchange trade in grey and black markets by security agencies. September’s gains have almost made up for all of the rupee’s losses in August…

By Alun John LONDON (Reuters) – The pound dipped to its lowest in six months against the dollar and its weakest in four months against the euro on Monday, as jitters across asset classes hurt the currency already bruised by markets’ reevaluation of the Bank of England’s rate outlook. The…

Investing.com– Most Asian currencies fell slightly on Tuesday, while the dollar steadied at its highest levels for the year on growing bets that U.S. interest rates will rise further this year. The and rose slightly in Asian trade, as hawkish comments from Minneapolis Federal Reserve chief Neel Kashkari further bolstered…