SHANGHAI/SINGAPORE (Reuters) – China is using loans agreed through its Belt and Road Initiative (BRI) to promote the yuan internationally, having already boosted the yuan’s share of global payments to record levels. During the Belt and Road Forum in Beijing that ended on Wednesday, China’s policy banks signed a series…

By Anne Kauranen HELSINKI (Reuters) – A digital euro would allow consumers in Europe to pay with central bank money but it would not be an investment object similar to cryptocurrencies, Bank of Finland board member Tuomas Valimaki said on Thursday. On Wednesday, the European Central Bank took a further…

By Brigid Riley and Alun John TOKYO (Reuters) – The dollar held firm against major currencies on Thursday and gained against more volatile ones, underpinned by the U.S. 10-year yield nearing the 5% level and before remarks by Federal Reserve Chair Jerome Powell at a discussion on the economy. The…

MUMBAI (Reuters) – The Reserve Bank of India (RBI) sold a net $3.86 billion in the spot foreign exchange market in August, according to data released on Thursday as part of the central bank’s monthly bulletin.    The RBI said it purchased $500 million and sold $4.36 billion during the period.…

By Karen Brettell NEW YORK (Reuters) – The dollar dropped on Thursday after Federal Reserve Chair Jerome Powell was interpreted as being generally dovish in comments made at an economic forum, even as he warned that the U.S. central bank could raise interest rates again. The U.S. economy’s strength and…

Investing.com– Most Asian currencies kept to a tight range on Friday, while the dollar steadied following somewhat mixed comments from Federal Reserve Chair Jerome Powell on the path of interest rates.  Persistent concerns over the Israel-Hamas war also kept traders largely wary of risky assets, especially amid growing fears over…

By Jaspreet Kalra and Ankur Banerjee SINGAPORE/MUMBAI (Reuters) – Asia’s central banks have spent this year defending their currencies against a strong U.S. dollar, paring foreign exchange reserves to multi-month lows in the process, yet have struggled to soothe market nerves or contain capital outflows. Emerging Asia’s currencies have been…

By Karen Brettell NEW YORK (Reuters) – The dollar was mixed on Monday before a week heavy with speeches by Federal Reserve officials that will be watched for further clues on interest rate policy and as investors monitored developments in the Middle East. Traders are evaluating whether the U.S. central…

On Tuesday, the Kenyan shilling fell to a historic low against the US dollar, with the Central Bank of Kenya (CBK) quoting it at 149.27, an increase from Friday’s close of 149.20. This depreciation has driven up import costs and inflation, according to a CBK statement. The situation has resulted…

By Tetsushi Kajimoto and Satoshi Sugiyama TOKYO (Reuters) – Japan’s top financial diplomat said on Monday the yen was still perceived as a safe haven asset like the Swiss franc and U.S. dollar despite its recent weakness, and was benefiting from safe-haven demand due to the conflict in the Middle…