Currencies
Analysis
Analysis
China’s banks are bursting with US dollars, and that’s a problem
A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan.
- by Winni Zhou and Tom Westbrook
Latest
Explainer
Cryptocurrencies
‘A wild ride’: How does Bitcoin work?
Once a nerd’s hobby, Bitcoin is huge business. What does a story about pizzas have to do with it, and is it true if you forget your password, you do your dough?
- by Dominic Powell
El Salvador set to become the first country to use bitcoin as legal tender
President Nayib Bukele will send proposed legislation to the country’s congress that would make the cryptocurrency legal tender in the Central American nation.
The US dollar has Wall Street baffled
Wondering where the dollar’s headed as the US deficit keeps growing? Wall Street’s also trying to figure it out.
- by Susanne Barton and Anchalee Worrachate
Opinion
China
China’s challenges show Xi has only limited control over its economic levers
China’s attempt to crack down on commodities speculation, cryptocurrencies, grain purchases and property bubbles are indicators of stresses and conflicting challenges within its economy.
- by Stephen Bartholomeusz
Opinion
Aussie dollar
The US dollar is on the nose again and that spells trouble for the RBA
After a brief respite, the US dollar has resumed its fall. While that says something positive about the outlook for the rest of the world it isn’t such good news for the US, or the Reserve Bank.
- by Stephen Bartholomeusz
The world’s oldest central bank is exploring the future of money
When three gunmen smashed through the skylight of a Stockholm cash depot before escaping with millions of kronor, it set in motion a chain of events that would transform the future of Sweden.
- by Morgan Meaker
Aussie dollar bulls banking on a rebound
Hedge funds look steadfastly bullish on the Australian dollar despite its decline against the greenback in March. The nation’s employment data this week may provide an insight into why.
- by David Finnerty
Opinion
Opinion
While the world dithers, China prepares to unleash a digital currency
China’s development of a central bank-issued digital version of its currency is gathering pace and could pose a long-term threat to US dollar dominance.
- by Stephen Bartholomeusz
Opinion
Opinion
Tightening its grip: China’s digital currency poses a threat to the West
China’s digital currency will extend Beijing’s surveillance powers and allow it to monitor every financial transaction made by its 1.4 billion people. It also has wider ramifications.
- by Robin Pagnamenta