Monetary Authorities
8 articles
Global banks unite to launch USD stablecoin for cross-border payments
Twenty-one major banks are forming a new company to issue a USD-pegged stablecoin, aiming to reshape cross-border payments and digital settlements by 2027. The move signals a direct challenge to existing payment rails and regulatory frameworks
Japanese Yen Hits Six Month Peak as Rate Hike Bets Intensify
The Japanese yen surged to its strongest level since February 2026 as traders anticipate a Bank of Japan rate hike and official data reveals record intervention. The US dollar slipped further, with global markets on alert for upcoming policy moves.
Australian Dollar and Swedish Krona Stand Out in G10 Currency Outlook
Morgan Stanley's latest G10 currency scorecard singles out the Australian Dollar and Swedish Krona for bullish prospects, while the US Dollar, Pound, and Yen face renewed pressure as central banks pause and market risks shift
Canadian Dollar Weakens as Tariff Talks with US Enter Final Hours
The Canadian dollar slipped against the US dollar as investors watched last-minute negotiations to avert new US tariffs on Canadian imports, raising uncertainty for businesses and currency markets ahead of a key deadline
Maybank Joins MAS BLOOM Project to Trial Tokenised Settlements
Maybank Group is partnering with the Monetary Authority of Singapore's BLOOM initiative to test tokenised bank liabilities and regulated stablecoins, aiming to offer new alternatives to traditional correspondent banking in cross-border payments
Trump's Private Calls Add Pressure to Federal Reserve Policy
President Trump's repeated private calls to Fed Chair Kevin Warsh, focused on topics like artificial intelligence and the Iran conflict but steering clear of direct rate discussions, are raising new questions about the Federal Reserve's independence and market confidence
Yen Holds Above Intervention Lows as US and Japan Act to Stabilize
The Japanese yen remains well above its recent four-decade low after rare joint intervention by the US and Japan. Market attention now turns to the durability of this support and the broader impact on Asian financial stability.
How Rate Checks Signal Possible Currency Intervention in USD/JPY
A rate check occurs when monetary authorities request tradable exchange rates from banks without executing a transaction, signaling close monitoring and possible intervention. This tactic can influence currency markets and deter speculation without immediate financial action