The Reserve Bank has ruled out creating its own digital currency,partly over fears it could undermine the nation’s entire banking system.
When the Federal Reserve Board cuts US interest rates this week,Japan’s will be the only major central bank moving in the other direction. That could lead to more turbulence.
The big four banks continue to charge more for international transfers than many of their rivals,prompting calls for fresh regulation.
The carnage on financial markets seems to have ended as quickly as it started. The fragility of the global economy remains.
Weakening the US dollar would inject massive uncertainty and volatility into the global economy and will be bad news for open economies like Australia’s.
And the enduring passion of the Australian Olympian.
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.
This weekend’s elections have the potential to blow out France’s debt and threaten the stability of the eurozone and its single currency.
The 21st century was meant to be China’s time to dethrone the US as the world’s leading economy. Not so fast.
The demise of the US dollar has been predicted so often it has been taken as an established truth. It may or may not be true in the long term – but for now,the greenback is back in favour.
Financial and environmental considerations mean new British notes bearing King Charles’ portrait will be few and far between for some time.