RMB displaces USD as Asian reference currency; new currency bloc emerges
The findings also add a nuance to the global currency war, which in some quarters is seen as a result...
Johnwick
Three common currency-adjustment pitfalls
Although the rules on accounting for foreign-currency translations have not changed in many years, mistakes in this area persist. Such...
Asian currencies vulnerable to euro crisis spillover effects, says IMF
In its latest Asia and Pacific Regional Economic Outlook report, the IMF warns that this could cause dislocation in local...
Asian currency integration ‘still far off’
A bank worker counts a stack of US dollars together with stacks of 100 Chinese yuan notes in the east...
Could Asian currencies form the basis for the new carry trade?
The U.S. dollar has been the foreign exchange world’s carry trade of choice in recent years, an inevitable outcome of...
Asia’s Inflation Battle Creates Currency Buying Opportunities
Consumer prices for oil and food are rising sharply throughout emerging markets, especially in developing Asia. Central banks have responded...
What If Asia Had A Common Currency?
At the 10th anniversary of the euro's launch in 2009, there were some suggestions that one-day the euro might even...
China calls for new global currency
BEIJING -- China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping...
Currency Translation Adjustments
EXECUTIVE SUMMARY Accounting for currency translation risks can be very complex. This article addresses only the basics and provides some...
Asian nations fight currency depreciation
South Korean authorities on Tuesday sold as much as $1bn to shore up the won, according to currency traders in...