The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
Thai Airways switched from operating in US dollars backed with FX hedging to a natural hedge strategy, but the plunging baht has called the decision into question.
Asian nations built stockpiles of foreign reserves during 2013. Will increased FX reserve holdings help against expected volatility and which countries are prepared? CT asks the experts.
Asian currencies recently fell on news the US Federal Reserve could slow the pace of its monetary stimulus later this year. Could these concerns pose prolonged risk to the Asian currencies? CT asks the experts.