South Korean authorities are making an increasingly frantic effort to stop the won currency sliding to lows not seen since early 2009 during the depths of the global financial crisis.
The Thai baht’s rally may be losing steam as the central bank steps up efforts to curb the currency’s strength and election risks reemerge, according to strategists.
The central bank of the Democratic Republic of Congo said it plans to continue intervening in the foreign exchange market to ...
China’s new-found tolerance for steady yuan appreciation looks set to re-accelerate a rally in emerging-market currencies, as investors brace themselves for lower US interest rates. Supporting such ...
China’s central bank vowed to further encourage financing in the yuan by overseas entities, betting cheap borrowing costs and increased demand for the currency offshore will be crucial drivers for its ...
(Bloomberg) -- Currencies in eastern Europe are notching some of the biggest gains in the emerging market world as traders bet on interest rates staying higher for longer. The Hungarian forint, Czech ...