Tag "US dollar"
The US dollar rallied after Trump’s victory, forcing the People’s Bank of China (PBOC) to lower the yuan’s reference rate for 11 consecutive trading days.
A latent risk associated with probable increases in interest rates is the currency composition of debt issued by non-financial corporations in emerging markets. The Fed is expected to begin raising
Debts issued in foreign currencies, some of which are not counted in official statistics, are a rising risk to developing economies as the UK and US get closer to raising
Despite speculation that the days of the US dollar as the world’s reserve currency will soon be over, a number of factors make such a changing of the guard unlikely. This