What will the global economy look like if it loses its monetary anchor?
Doubts about the dollar bring a new set of problems for Europe
A viable renminbi stablecoin has potential to disrupt entrenched dependence on dollar
Investors are getting fed up of being used by governments around the world as a low-cost cash machine
While equities soar, the US dollar plunges
Policymakers at central bank fret that a surging currency increases the risk of inflation undershooting
New Taiwan dollar makes biggest single-day gain since rapid appreciation in early May
And the big, beautiful bill
Donald Trump’s trade policies and rising debt levels have sparked decline of more than 10% in first half of 2025
Regulator allows locals to purchase foreign currency debts issued onshore as it seeks to offset capital outflows
FT-Booth survey reveals broad concern over president’s measures and criticism of central bank
The drumbeat of support for Europe to make its move to challenge the dollar is growing
US dollar fell after report that Donald Trump could name nominee to succeed Jay Powell as soon as this summer
Monetary authority sells US dollars to maintain trading band for local currency
Keep an eye on the yen and other areas of consensus as temperatures rise
Is $9.3bn a lot of money?
Appreciation would suit Beijing’s global ambitions for the currency
American retreat should be the catalyst for deeper integration and with it a stronger EU
Spain, Turkey and Thailand rated as best-value destinations
EU leaders to discuss measures aimed at making single currency more attractive on global markets
History warns that the greenback may one day be superseded as the global trade currency
Pan Gongsheng points to a growing role for the renminbi after decades of dominance by the US currency
Geopolitical risks and worries about status of the greenback likely to drive further demand for bullion, survey shows
But greater international prominence will not happen by default — it must be earned
Officials outside the US worry about what will happen when Jay Powell leaves the Fed
