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Dollar tumbles against dong
The U.S. dollar plunged against the Vietnamese dong Monday morning.
Fed delivers small rate increase; Powell suggests 'couple' more hikes coming
The Federal Reserve said on Wednesday it had turned a key corner in the fight against high inflation, but that "victory" would still require its benchmark overnight interest rate to be increased further and remain elevated at least through 2023.
S. Korea delivers another big hike as Fed rates sink local currency
South Korea's central bank raised interest rates by a half percentage point for a second time since July on Wednesday, as a surging dollar driven by aggressive U.S. monetary policy tightening fanned import inflation.
October 11, 2022 | 06:16 pm PT
Fed set for big rate hike as waters get choppy for world's central banks
The Federal Reserve is expected on Wednesday to lift interest rates by three-quarters of a percentage point for a third straight time and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.
September 21, 2022 | 01:20 am PT
China raises yuan rate to 16-month high as dollar sags
It was the highest rate since May 2016.
September 7, 2017 | 10:54 pm PT
Firming prices may sink Vietnam's robusta shipments despite Fed rate hike
Vietnam's coffee prices have risen 11 percent so far in the 2016/2017 crop year.
March 16, 2017 | 12:19 am PT
Indonesia cuts rates for fourth time this year
Indonesia's central bank Thursday cut its key interest rate for the fourth time this year as policymakers look to stimulate growth in Southeast Asia's largest economy amid global weakness.
June 16, 2016 | 07:16 am PT
