• Fri
  • Dec 26, 2014
  • Updated: 11:06am

Currency policy

How the US dollar destabilises the world

Little likelihood of a shift in the Fed’s policymaking mindset.

Karl Schiller, West Germany's economics minister between 1966 and 1972, pithily pronounced that "stability is not everything, but without stability, everything is nothing".

Tuesday, 4 March, 2014, 7:08am 5 comments

Yuan's sharp drop puts investors on alert for reversal of rising trend

Investors are being forced to take a closer look at the prospects for the yuan's exchange rate. Photo: Reuters

The yuan has recently been something of a safe haven among emerging market currencies, yet market players have learned from a bloody lesson over the past week that it is no longer an easy, one-way bet.

A sharp fall against the US dollar both onshore and offshore made the yuan the worst performing currency within emerging Asia this month.

3 Mar 2014 - 4:52pm 4 comments