The bill mandates the U.S. Executive Director at the IMF to work towards increased transparency in China's exchange rate policies. It seeks enhanced multilateral and bilateral surveillance by the IMF ...
No wonder China’s authorities feel nervous. As well as hurting the banks, a weaker, more competitive dollar will curb the ...
SINGAPORE, May 16 (Reuters) - As the currencies of South Korea, Taiwan and Japan rise, so too is chatter that these economies could use exchange rate revaluation as a carrot in trade talks with U.S.
The People’s Bank of China (PBoC) announced on Saturday it was doubling the interbank foreign exchange market trading band of RMB against the US dollar, to 1% from 0.5%. It is the largest band ...
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Hot money refers to capital frequently moving between financial markets in search of high short-term interest rates, affecting exchange rates and global economies.
China's foreign exchange reserves rose for a sixth month in June but fell short of market expectations, official data showed on Monday. The hoard of foreign exchanges rose by $32.17 billion in June to ...
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