United States dollar

Asia live with pooled reserves fund

HONG KONG – Asia took a crucial step towards regional independence with the introduction of $120 billion in reserve funds under the Chiang Mai Initiative Multilateralisation (CMIM) arrangement, last Wednesday (March 24).

Sentiment sours on dollar and sterling

John Kyriakopoulos, head of currency strategy in Sydney, Nick Parsons, head of markets strategy in London, and Gavin Friend, markets strategist in London at National Australia Bank, are pessimistic about the US dollar’s prospects for the rest of the year…

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