[ad_1] Denmark has picked Christian Kettel Thomsen, 63, as its new central bank governor to defend the strengthening Danish krone’s peg to the euro. The economist, currently a vice president…
Tag: Peg
Hong Kong staunchly defends dollar peg even as property market falters
[ad_1] HONG KONG — Hong Kong authorities are fighting an increasingly uphill battle to defend the currency peg to the U.S. dollar, intervening 49 times over a 12-month period to…
As Hong Kong dollar peg turns 40, views divided over pegging it to the yuan
[ad_1] Veteran banker Chan Tze-ching still remembers the day the Hong Kong government officially pegged its currency to the US dollar four decades ago. “Back then, I was a money…
Bitcoin drops below $25,000, Tether’s stablecoin falls under its dollar peg
[ad_1] Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Nurphoto | Getty Images Cryptocurrency prices fell…
TrueUSD Loses Dollar Peg Following Minting Suspension with Prime Trust
[ad_1] Image Source: Pixabay TrueUSD, a major fiat-collateralized stablecoin, has lost its peg following the announcement that it has suspended minting activities through its technology partner Prime Trust. In early…
Stablecoin USDC nearly regains $1 peg after Circle says $3.3 billion held with SVB will be available
[ad_1] In this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images…
Circle assures market after stablecoin USDC breaks dollar peg
[ad_1] LONDON, March 11 (Reuters) – Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday before recovering most of its losses after Circle,…
Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
[ad_1] Logo of Silicon Valley Bank is at a location in San Francisco, California, U.S. March 10, 2023. Staff | Reuters The U.S. cryptocurrency firm Circle’s USD Coin lost its…
Hedge Fund Bets Against Hong Kong’s Dollar Peg Have a Long History—and Little Success
[ad_1] Markets Most Wall Street traders and analysts expect Hong Kong’s de facto central bank to stand firm [ad_2] Source link
Ringgit peg – Not the answer for Malaysia
[ad_1] THE ringgit is experiencing a historic low in value but should we consider pegging it as an option? Or is the ringgit actually at its fair value? The current…