The Bank of Japan (BoJ) has announced that it will launch a pilot program in April to test the use of digital yen. This move follows other countries such as China, Sweden, and Canada, who are ahead in launching their own central bank digital currencies (CBDCs). The digital yen aims

The US dollar rose to a five-day high against the Japanese yen on Monday, as investors looked for safe-haven assets amid concerns about the global banking system. The dollar traded at 109.32 yen, up 0.2% from the previous day’s close, after hitting a five-day high of 109.38 yen earlier in

The Japanese yen has been leading gains in Asian currencies as traders pivot towards more risk-driven assets. This shift comes as concerns over an imminent banking crisis ease, with market sentiment improving in recent days. This article will delve deeper into the factors driving this shift in investor sentiment, as

The pound held onto its gains against the dollar on Monday, after Bank of England Governor Andrew Bailey reiterated that inflation remains the primary driver of monetary policy decisions, despite concerns about the banking industry. GBP/USD rose by 0.45%, hovering near its daily high at $1.2285. The pound has been

Introduction: On Tuesday, the US dollar experienced a small decline in value as investors’ fears over a potential banking crisis began to dissipate. This resulted in a decrease in demand for safe-haven assets, which have been popular in the face of economic uncertainty. In this article, we will explore the

Introduction: The Swiss franc has long been considered a safe-haven currency, often sought after by investors during times of economic uncertainty. However, recent events have brought this reputation into question, particularly in the aftermath of the Credit Suisse collapse. As investors seek refuge elsewhere, the Swiss franc has failed to

Introduction: Venezuela is known for its abundance of oil reserves, but the country has been facing a major economic crisis in recent years due to mismanagement and corruption. The state oil company, Petróleos de Venezuela S.A. (PDVSA), has been at the center of many corruption scandals. Now, there are reports

Asian currencies fell on Monday, March 27th, 2023, as investors remained wary of most risk-driven assets. Persistent fears of a banking crisis continued to loom over the market, prompting investors to seek safer options, leading to a decline in Asian currencies. In addition, a weak economic indicator from China further

The US dollar has steadied in early European trade on the back of rising optimism that the country’s banking turmoil could be contained. Although confidence in the sector remains fragile, the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 102.745 at

Introduction The global banking system has been facing various challenges in recent times, leading to concerns over its stability. However, there is some good news as authorities and regulators have taken measures to address these concerns. This article will provide an overview of the current state of the global banking

Introduction Bolivia’s government is currently facing a challenging situation as they try to calm fears among savers and businesses regarding a shortage of dollars in the country. This scarcity of dollars has led to long lines outside banks, rattled local bonds, and pushed up the price of greenbacks in informal

With the Bank of Canada’s interest rate hikes on hold, investors predict a significant gap between Canadian and U.S. tightening campaigns due to Canada’s economy’s sensitivity to higher borrowing costs. The Bank of Canada’s Pause on Interest Rate Hikes The Bank of Canada’s interest rate hikes are on pause as