Explore currency pegging, how it stabilizes economies, its advantages and disadvantages, and why some countries link their currencies to the U.S. dollar.

The People's Bank of China (PBC), the central bank, announced on Monday that it recently renewed its bilateral local currency swap agreement with the Bank of Korea for another five years, a move that ...

The rupee opened at 88.79 against the dollar in the interbank foreign exchange market and later touched 88.67 per dollar, ...

At the interbank foreign exchange market, the rupee opened at 88.79 against the US dollar, then touched 88.67, registering a gain of 6 paise from its previous close.

WASHINGTON (Reuters) -The U.S. does not have specific currency targets in mind as part of bilateral trade talks with Japan, Treasury Secretary Scott Bessent said on Wednesday, ahead of an expected ...

Policymakers from Asia’s largest economies turned out in force this week to defend their currencies as the trade war ...

At the interbank foreign exchange, the rupee opened at 88.51 and went up to 88.49 before trading at 88.62 against the ...