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Currency wars

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The US dollar has appreciated nearly 5 per cent against those of its major trading partners since late December.

The tale of Mrs Watanabe and two central banks

If the Bank of Japan ends up raising rates even as the US fed is contemplating a cut, it will unleash an unprecedented level of volatility in currency markets.

  • Stephen Bartholomeusz

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Trump Vance

Trump-Vance presidency could herald a new era for the US dollar

In most cases, Trump likes his policies to be “strong,” but when it comes to the value of the US currency, he has long expressed a different view.

  • Alan Rappeport
Wall Street is on its way to a positive session.

ASX in the green as Wall Street rebounds: $A jumps

The Australian sharemarket stepped up on Friday as Wall Street ticked higher after pressure squeezing it from the oil and bond markets relaxed a bit.

  • Millie Muroi
Beijing is offering the yuan as a global trading currency to the US dollar.

China’s push to challenge the US dollar gathers steam

The centrality of the dollar meant that to trade, governments had to meet international standards. Now that is being put under threat.

  • Eryk Bagshaw
Even though Chinese president Xi Jinping has pledged to meet economic targets, economists are sceptical that the Chinese economy can grow 5.5 per cent this year.

China’s economy is underperforming and things could get worse

For the first time in more than 30 years China is expected to grow at a lower rate than the other economies in East Asia. It’s not a great backdrop for Xi Jinping’s looming elevation.

  • Stephen Bartholomeusz
Savvy travellers might favour alternate destinations over Walt Disney Co’s original Disneyland in California, as exchange rates for US dollars soar.

The pound is crashing, US dollar rising. How far will your AUD go?

The US dollar is surging in value while major currencies such as the Japanese yen and British pound are plummeting as major economies creep towards recession.

  • Angus Thomson
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The weak US dollar is at a crossroads: Will it fall even further?

The greenback has plummeted during the pandemic and there are predictions of further declines. It’s a disturbing prospect for the Reserve Bank.

  • Stephen Bartholomeusz
Shenzhen will become a pilot city for China's economy.

'Socialist modern' Shenzhen to rival Hong Kong, lead recovery

Chinese President Xi Jinping says the technology hub will be a model city for economic, digital and social changes to be rolled out around China.

  • Eryk Bagshaw
China has been pushing to make the yuan a more international currency, with limited success.

Currency weapon: The US dollar threat is becoming very real for China

The US's willingness to use its dollar’s dominance of global financial activity as a weapon has China nervous.

  • Stephen Bartholomeusz
One of Yan Lianke's aims in his writing is to show the infantilisation of life under Mao Zedong's Communist Party.

China's currency could trigger a new flashpoint in the growing cold war with the US

Over the past week there’ve been some curious fluctuations in the value of China’s currency that could ramp up tensions with the US.

  • Stephen Bartholomeusz

Original URL: https://www.smh.com.au/topic/currency-wars-1n4o