Tag: FX
Dollar strength: Central banks rely on foreign exchange intervention
Shop window in South Korea Asia’s central banks are waging a kind of reverse currency war. (Photo: AP) Frankfurt It was a historic moment. For the first time since 1998,…
Why the US currency keeps rising
Frankfurt Many US companies are unlikely to be very happy about the foreign exchange market at the moment. In the past few months, the US dollar has appreciated sharply against…