Auto Added by WPeMatico

Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness

Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index…

Continue ReadingAsian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness

China floats idea of ‘Asian yuan’ to reduce reliance on US dollar

The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business.

Continue ReadingChina floats idea of ‘Asian yuan’ to reduce reliance on US dollar