This Economic Letter is based on a presentation Mark Spiegel prepared for a panel on “Optimal Currency Arrangements for Emerging Market Economies: The Experience of Latin America and Asia,” organized ...

Under its chairmanship of ASEAN this year, Indonesia is placing a strong emphasis on the expansion and enhancement of the region’s local currency transaction (LCT) network. The move is aimed at ...

If a single currency in Asean looked far-fetched before, it looks positively absurd in view of the stresses afflicting the eurozone today. "Asean leaders are watching what’s happening in Europe ...

ASEAN's drive towards regional economic integration includes developing a cross-border digital payment system for seamless financial transactions and promoting the use of local currencies, aiming to ...

“Confused about the 2023 economic outlook for the US? You are far from the only one.” Those are the words of renowned fixed-income investor, Mohamed El-Erian who recently advised policymakers and ...

But a number of foreign exchange and macro hedge funds are trying small positions that use one Asian currency to fund another. It is a trade that might serve as a hedge against a dozen possible ...

Asian currencies experienced a significant rally, reaching their highest levels in seven months. This surge was driven by diminishing concerns about a U.S. recession, expectations of Federal Reserve ...

An electronic board displays exchange rates at a currency exchange booth in Myeong-dong of Jung District, central Seoul, on May 7. [YONHAP] The value of the Korean won rose above the 1,300 mark ...

The shift away from the U.S. currency is still in its early days, but the era of unquestioned dollar supremacy may be gradually drawing to a close. A decade ago, a traveler from Singapore visiting ...

The weakness in Asian currencies is bringing some key levels into view as traders brace for further dollar gains under a Donald Trump administration. The Bloomberg Asia Dollar Index is on track for a ...

The Indian rupee saw a very volatile year in 2025. The domestic currency has depreciated around 5% in the year, marking it ...