Yen expected to remain weak as long as Greek package is implemented

SWFs look beyond the US dollar

NEW YORK & HONG KONG - The greenback is likely to be the main loser as sovereign wealth funds (SWFs) diversify into yen and other non-euro currencies, say analysts.

Is the dollar dross?

Pete Luxton, global markets adviser, and Shant Movsesian, FX options manager, at Informa Global Markets in London, seek ways to benefit from the flagging US dollar

IMF makes landmark update to exchange rate monitoring

MONTREAL – The International Monetary Fund (IMF) announced an overhaul of its exchange rate policy surveillance framework last Monday (June 18), for the first time in 30 years. The changes oblige member countries to avoid exchange rate policies...

Greenspan and Snow to visit Cfets

BEIJING – Alan Greenspan, Federal Reserve chairman, and John Snow, treasury secretary, will visit the Shanghai office of the China FX trading system (Cfets) on their visit to China this week.

Euro gains status as reserve

FRANFURT – Buying by some of Eastern Europe’s and Africa’s central banks is buoying the euro as the central bankers come to the realisation the currency is here to stay, according to a leading forex fund manager.

Asian swap network nears completion

SINGAPORE -- An Asian initiative to cut the impact of speculative currency trading attacks in the region is nearing completion.

Real slides despite IMF rescue package