‘Nuclear option’ of yuan devaluation could be on… Currency devaluation is a common temptation for major trading nations such as China despite the risk of starting…
Sri Lanka not averse to using Indian rupee as… Sri Lanka would want to see the Indian rupee used as much as the US dollar, President Ranil Wickremesinghe has…
Pakistan lost over USD 4 billion in FY23 in… Pakistan lost over USD 4 billion in remittances sent by expatriates to illegal channels in the current fiscal year,…
Democrats’ US debt ceiling deal was act of… The result of Joe Biden and Democrats negotiating with Republicans is an appalling act of political surrender and…
Can China’s yuan gain global prominence in… As the US government flirted with a debt default last month, some analysts see more opportunities opening up for…
Rupee appreciates about 32 paise per Dollar The Rupee appreciated sharply against the Dollar, recording its biggest single day gain in two months, on strong…
Will the dollar be dethroned by the yuan? Not in… Recent events suggest several major developing economies are eager to move away from the US dollar, but evidence of…
Dollar on defensive after dovish Powell, debt… The dollar nursed losses against the yen and euro on Monday following a surprise breakdown in U.S. debt ceiling…
Debt ceiling debacle erodes US dollar’s… It is clear to everyone except US lawmakers that the latest stand-off over the US debt ceiling will have sweeping…
Which 8 nations are using China’s yuan more, and… China is ramping up efforts to boost the yuan’s appeal as an alternative in trade and as a reserve currency in the…