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Foreign exchange

  • Saturday, 2 May, 2026
    Euro
    The euro’s urgent need

    Europe must finally grasp the opportunity to develop the single currency as a reserve asset

    Katie Martin
    Close-up of overlapping euro banknotes in various colors, highlighting large euro currency symbols under red lighting.
  • Friday, 1 May, 2026
    Japanese economy
    ‘Keep your smartphone close’: Japan puts yen market on alert for golden week action

    Sensitivity to the weak currency has risen since the eruption of war in the Middle East

    A woman walks past an electronic quotation boards displaying the foreign exchange rate of the Japanese yen against the US dollar along a street in Tokyo on May 1
  • Thursday, 30 April, 2026
    Japanese economy
    Yen soars amid reports that Tokyo intervened to support currency

    Japan’s finance minister had issued ‘final’ warning to speculators

    A man in a business suit walks past the Bank of Japan headquarters building, surrounded by greenery and city buildings.
  • Tuesday, 28 April, 2026
    Bank of Japan
    Bank of Japan holds rates and raises inflation forecast on Iran war turmoil

    Three members dissent as central bank warns growth likely to slow and corporate profits to suffer

    The Japanese flag flutters in the wind at the Bank of Japan
  • Tuesday, 28 April, 2026
    Currencies
    Alphaville. Much ado about the 1974 ‘petrodollar’ deal

    KSA 🤜 🤛 USA?

  • Saturday, 25 April, 2026
    The Weekend Essay
    There’s no such thing as the petrodollar

    War on Iran is changing the currency calculations of Gulf energy exporters. But the dollar’s global role depends on far more than the denomination of a barrel of oil

    An illustration of a black dollar sign dripping with oil.
  • Friday, 24 April, 2026
    US dollar
    The limits on Bessent’s Treasury swap lines

    The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints

    Scott Bessent speaks at a podium during a press briefing at the White House, gesturing with his right hand.
  • Friday, 24 April, 2026
    Chinese business & finance
    Goldman leads record renminbi borrowing by US banks

    Bank joins ‘frenzy’ as China’s low interest rates draw in more foreign issuers

    A person holds several Chinese yuan banknotes while standing in a line at a currency exchange, with others waiting nearby.
  • Wednesday, 22 April, 2026
    Currencies
    US allies in Gulf and Asia have requested swap lines, Bessent says

    Treasury secretary says ‘numerous’ countries sought support amid economic fallout from Iran war

    Scott Bessent speaks into a microphone at a Senate hearing, seated behind a nameplate and water bottles.
  • Wednesday, 22 April, 2026
    US dollar
    Dollar gives up bulk of war gains as traders abandon bullish bets

    Almost every major currency has gained against the greenback this month amid hopes for end to Iran conflict

    A hand holds a U.S. hundred dollar bill, featuring a portrait of Benjamin Franklin.
  • Friday, 17 April, 2026
    US Treasury bonds
    US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk

    Concerns over erratic White House policymaking have driven investors to ‘very stable’ development bank issuers

    The White House illuminated at night with the Washington Monument and Jefferson Memorial visible in the background.
  • Thursday, 16 April, 2026
    US economy
    Ask an Expert. Will Donald Trump end US financial dominance? You asked, Alphaville answered

    Alphaville’s Robin Wigglesworth and Toby Nangle replied to reader questions

  • Monday, 13 April, 2026
    US dollar
    We are stuck in a currency doom loop

    Without the dollar, bad situations could be made even worse

    Eswar Prasad
    A clerk wearing a mask holds large stacks of bundled US $100 bills at a bank counter.
  • Thursday, 9 April, 2026
    US dollar
    Iran war has exposed the weakness of the dollar

    As Opec members have long understood, it is not a good idea to give users of your product an incentive to find alternatives

    Daniel Davies
    A pile of U.S. dollar banknotes, with a one-dollar bill prominently displayed in the center.
  • Wednesday, 1 April, 2026
    Euro
    Our euro, your solution

    Reducing the world’s dependency on the dollar is in the interest of every country that buys energy, issues debt or trades

    Ludovic Subran
    A one euro coin placed on top of five, ten, and twenty euro banknotes.
  • Wednesday, 1 April, 2026
    Markets
    The disappointing dollar

    And the worst-case scenario for oil

    Katie Martin & Hakyung Kim
    Premium content
    A large red US Dollar symbol and exchange rates are displayed on an electronic panel outside an exchange office in Podolsk, Russia.
  • Tuesday, 31 March, 2026
    US Treasury bonds
    Foreign central banks sell US Treasuries in wake of Iran war

    International official holdings at New York Federal Reserve fall to lowest level since 2012

    A man walks past the entrance of the Central Bank of Turkey building in Ankara.
  • Monday, 30 March, 2026
    FT subscriber event
    Q&A. Subscriber webinar on May 20: the dollar under Trump

    Join FT journalists to discuss the greenback, inflation, and markets under a new Fed chair

  • Monday, 30 March, 2026
    Yen
    Yen and rupee rise as Asian countries struggle to defend their currencies

    Japan’s top currency official warns ‘decisive action’ by government might soon be necessary

    A person walks past an electronic board displaying the Nikkei index and other stocks.
  • Thursday, 26 March, 2026
    Euro
    Should Sweden finally adopt the euro?

    The case against membership of the single currency looks much less clear-cut than it did in the 1990s

    Lars Calmfors
    Close-up of Swedish 100 Krona banknotes, with part of Greta Garbo’s portrait and the denomination visible.
  • Wednesday, 25 March, 2026
    Euro
    ECB warns Hungary’s seizure of Ukraine cash risks euro credibility

    Christine Lagarde raises concerns as Budapest withholds part of cash and gold bound for Ukraine

    A Ukrainian cash-in-transit vehicle is parked, with two blurred uniformed officers in the foreground
  • Saturday, 14 March, 2026
    Global Economy
    Oil prices in the driving seat as energy shock upends global markets

    Investors are picking winners and losers based on economies’ exposure to inflationary surge

    A man wearing a mask takes a photo of large oil storage tanks and refinery structures across the water in Kawasaki, Japan.
  • Friday, 13 March, 2026
    Renminbi
    Why China’s renminbi push matters even if it never rivals the dollar

    If renminbi settlement becomes cheaper and more trade migrates, firms will have less need to generate or hold US currency

    Diana Choyleva
    A rolled US one-hundred dollar bill and a rolled Chinese one-hundred yuan bill are positioned side by side.
  • Thursday, 12 March, 2026
    EU economy
    EU’s six biggest economies push for single markets watchdog

    Proposal by ‘E6’ countries, including Germany and France, aims to reinvigorate plans to unify bloc’s capital markets

    EU flags fly outside a building with festive lights creating a blurred orange effect in the foreground.
  • Tuesday, 10 March, 2026
    Sovereign bonds
    Alphaville. Convenient dollars, inconvenient Treasuries?

    Special money

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